Property Overview
808 Madeline Street presents a solid, no-surprises home in Victoria West. Its appeal lies in being a well-priced, established property in a neighbourhood of similar homes, offering a practical entry point into the Winnipeg market. The data suggests a house that is unexceptional in size and value within its immediate context but stands out for its relatively newer construction date compared to its neighbours.
Key Characteristics & Ideal Buyer
This 804 sqft bungalow, built in 1962, sits on a 3,660 sqft lot. The key numbers tell a clear story: its assessed value ($265K) and living space are very close to the street and neighbourhood averages, meaning it’s priced and sized typically for Victoria West. However, it is a notably newer home than most on its block, where the average build year is 1942. Citywide, it offers a smaller, more affordable footprint compared to the Winnipeg average.
Its primary appeal is stability and predictability. You’re not overpaying for premium size or finishes, but you’re acquiring a home that is actually younger than most around it, which can imply updated infrastructure. It suits a first-time buyer or practical downsizer looking for a straightforward, manageable property without the premium of a larger lot or a fully renovated interior. It’s for someone who values a neighbourhood character of similar, modest homes over standout features.
Frequently Asked Questions
1. Is this a good value for the money?
The data indicates it’s priced very close to the average for Madeline Street and Victoria West. You are paying a market rate for the area, not a premium. Its value proposition is its relative newness compared to neighbouring houses.
2. How does the smaller living space compare to the city average?
At 804 sqft, the home is significantly cozier than the Winnipeg average of 1,342 sqft. This translates to lower utility costs and less maintenance, but requires efficient use of space. It aligns with the more compact, historic nature of the Victoria West neighbourhood.
3. The lot seems smaller than average. Is that a concern?
The lot is slightly smaller than others on the street and notably smaller than the city average. This means less yard maintenance, which can be a plus for many. It still provides adequate outdoor space for a small garden or patio, typical for the area.
4. What does the "newer" build year (1962) actually mean for me?
While still an older home, being built 20 years after many neighbours (avg. 1942) can suggest potentially newer electrical wiring, plumbing, and building materials. It’s a relative advantage within this specific streetscape.
5. How should I interpret the ranking percentiles?
They show how this property compares to groups of similar homes. For example, being in the Top 8% for year built on its street means it’s one of the newest there. However, being in the Top 79% for value citywide (meaning 79% of homes are ranked better) simply confirms it’s a more affordable, smaller option compared to the broader Winnipeg market.