Property Overview: 369 Madison Street, Winnipeg
Key Characteristics & Appeal
This one-storey home on Madison Street in Kensington is a classic, no-frills property built in 1945. Its primary appeal lies in its solid positioning within a stable, established neighborhood. At 850 sqft of living space on a 4,448 sqft lot, the house is modest in size but typical for the immediate area, offering a manageable footprint. A detached garage adds practical utility.
The data reveals a nuanced story: while the home's size and assessed value are around average for its street and Kensington, they are notably below the city-wide average. This suggests a value-oriented entry point into a mature community. The 1945 build date is actually older than most homes on the street, which could imply a well-built character home but also signals that updates may be a consideration. The lot size is generous for the neighborhood, offering potential for outdoor space or future expansion.
This property would best suit first-time buyers, downsizers, or practical investors looking for an affordable foothold in Winnipeg. It’s for those who value location and lot size over turn-key condition or square footage, and who are prepared for the possibilities and responsibilities that come with an older home.
Frequently Asked Questions
1. Is this a good value for the area?
The assessed value and recent sold price range are consistently below the city average, but align with the norms for Madison Street and Kensington. This indicates you are paying for the location within an established community, not for premium size or finishes.
2. What should I know about a house built in 1945?
While older construction often means solid materials, it also means crucial systems like wiring, plumbing, and insulation may need evaluation or upgrading. Its age is a standout feature on the street, so a thorough inspection is essential.
3. How does the lot size compare?
The lot is slightly larger than average for Kensington. This is a less obvious advantage, providing more yard space than many neighboring properties and possible future options, subject to local zoning.
4. Why is the city-wide assessed value comparison so different?
The "city-wide" group includes all property types, like newer suburban homes. This home's value is typical for its specific, older neighborhood context, which is more relevant than the broad city comparison.
5. How can I get the exact historical sold price?
The exact sold price is not publicly listed in detail. As noted on the listing, you can request it directly via email from the site; they provide this data manually without using your email for marketing.