Property score
43.8
Below average
Overall 43.8 · Smaller and older than most nearby homes
666 sqft (bottom 5%) · Built in 1925 (20 yrs older than avg)
Located in a above-average income area with median household income of ~79.5k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 2 schools, 2 parks, and 3 place of worships nearby
Living Area
Below average
32% smaller than neighborhood avg.
Year Built
Below average
20 yrs older than neighborhood avg.
Mother tongue
English · 82%Tagalog · 4%
Past 10 years Victoria West sales snapshot (~80% of all data)
447
236.5k
$311/sqft
1945
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43.8 is composed by the two sections below.
Property Score
Community Score
Victoria West
How to read: Share of sales in each ~$50k price band for “victoria west” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110829
$80K
Median household income
$84K
Average household income
10%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
29%
Single-person households
26%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
704 Madeline Street — 7 amenities found within 500 m, across 3 categories, including 2 education (nearest 382 m), 2 parks (nearest 225 m).
Victoria West · WPS public data · 2026
Annual incidents
9
2026
vs. city avg
-69%
relative to avg
Year-over-year
▼ -90%
vs. prior year
Primary type
Property
56%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 26% | Top 47% | Bottom 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 704 Madeline Street in Victoria West presents a distinct profile centered on value and location. Its key characteristic is its compact size—at 666 sqft, its living area is notably smaller than averages for the street, neighborhood, and city. However, this is balanced by a relatively modest assessed value of $261k, which is close to the average for Madeline Street itself and positions it as a more accessible entry point into the sought-after Victoria West area. Built in 1925, it is one of the older homes on the block, offering classic character but likely requiring consideration for maintenance or updates. The lot size of 3,660 sqft is fairly typical for the immediate area.
The appeal lies in a strategic compromise: securing a footprint in a prime, central neighborhood at a price point that sits below wider city averages. It suits pragmatic first-time buyers or investors who prioritize location over square footage, and who see potential in a smaller, character home that they can customize over time. It may also attract those looking to downsize without leaving the community. A less obvious perspective is that its smaller size can mean lower utility costs and less upkeep, aligning with a simpler, more efficient lifestyle. Its "around average" value on its own street suggests it's priced appropriately within its most direct competitive set, offering a fair chance at stability in a stable enclave.
Frequently Asked Questions
1. How does the smaller living area impact value and livability?
While the home is compact, its assessed value is competitive on its own street. This suggests the market recognizes the trade-off: you are paying primarily for the Victoria West location. Livability will depend on the occupant's needs, but efficient design or a potential addition (subject to permits) could enhance the space.
2. The home was built in 1925. What should I consider?
As one of the older homes on the street, a thorough inspection is essential. This can uncover the condition of foundational elements, plumbing, electrical systems, and insulation. While this age brings character, it may also require a budget for updates or maintenance that newer homes might not.
3. Is the lot size a pro or a con?
At 3,660 sqft, the lot is slightly smaller than the street average but is still a good urban size. It offers manageable outdoor space for a garden or patio without excessive upkeep. For some, a smaller lot in this location is a benefit, not a drawback.
4. Why is the city-wide assessed value ranking so much higher (Top 80%)?
This ranking indicates that, compared to all similar homes across Winnipeg, this property's assessed value is in the lower 20%. This primarily reflects the premium size and value of homes in newer suburban areas. Here, it highlights that this property offers a way to live in a central, established neighborhood at a price point that is relatively low for the city.
5. Who is this property not well-suited for?
It may not suit buyers who need multiple bedrooms, dedicated home office space, or who simply prefer newer, turn-key homes with modern open-concept layouts. Families requiring significant indoor space might find it limiting without a clear plan for expansion.
