Property Summary: 329 Madison Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1945, presents a classic and established presence on Madison Street in Kensington. With 1,037 sqft of living space and a 4,563 sqft lot, its proportions are comfortably in line with the local neighbourhood, offering a manageable scale. The home's key appeal lies in its strong positioning within the immediate area: it ranks above average for its assessed value and year built on its own street, suggesting a well-regarded and slightly more mature property among its closest peers. The detached garage adds practical utility.
Its charm is rooted in being a quintessential, no-frills Winnipeg home in a settled community. It would suit a first-time buyer or downsizer looking for a straightforward, character home without excessive size or maintenance. A thoughtful perspective is that its "around average" citywide metrics might represent a value opportunity for someone prioritizing location and community fit over maximizing square footage, offering a chance to enter a neighbourhood without paying a premium for above-average size.
Frequently Asked Questions
1. How does this home compare to others on the street?
The data shows it ranks well among its immediate neighbours. It's above average for assessed value and year built on Madison Street, meaning it is likely viewed as a slightly more substantial and younger property on the block.
2. Is the living space small compared to newer homes?
Yes, at 1,037 sqft, it is below the citywide average. However, it is actually above the average for both Madison Street and the Kensington area, indicating the home offers typical or even slightly more space than many in this specific, established neighbourhood.
3. What does the assessed value tell me?
The assessed value of $23,800 is above average for the street but below the citywide average. This typically reflects the property's valuation for tax purposes relative to its location and characteristics, not its market sale price. The recent sold price history provides a better gauge of market value.
4. How old is the home, and what does that mean?
Built in 1945, the home is 81 years old. This is newer than many on its street (ranking in the top 7%), so while updates may be needed, it is a relatively younger home in its historic context. Buyers should budget for the maintenance and potential systems updates expected with a home of this age.
5. How can I find out the exact past sale prices?
The listed sale price ranges are estimates from public data. The page provides an option to request the exact sold price history via email, which the service manually retrieves and provides without using your email for marketing.