41.5
Below average
Property score
41.5
Below average
Overall 41.5
Smaller than most nearby homes
704 sqft (bottom 21%)
Built in 1924 (10 yrs older than avg)
Located in a above-average income area
with median household income of ~74k
Transit 74.0
3-min walk to transit with 2 nearby routes
Within 500m: 1 dining spot, 2 schools, 1 shop, and 2 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
26% smaller than neighborhood avg.
Year Built
Near average
10 yrs older than neighborhood avg.
Mother tongue
English · 77%Tagalog · 3%
Past 10 years Chalmers sales snapshot (~80% of all data)
1,193
206.3k
$226/sqft
1934
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41.5 is composed by the two sections below.
Property Score
Community Score
Chalmers
How to read: Share of sales in each ~$50k price band for “chalmers” (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: #46110679
$74K
Median household income
$76K
Average household income
16%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
31%
Single-person households
20%
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
203 Martin Avenue W — 10 amenities found within 500 m, across 6 categories, including 1 dining (nearest 378 m), 2 education (nearest 396 m), 1 shopping (nearest 458 m).
Chalmers · WPS public data · 2026
Annual incidents
67
2026
vs. city avg
+127%
relative to avg
Year-over-year
▼ -94%
vs. prior year
Primary type
Property
51%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 44% | Bottom 43% | Bottom 8% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-storey home on Martin Avenue W in Winnipeg's Chalmers neighbourhood presents a straightforward, value-oriented opportunity. Built in 1924, its key characteristic is a modest 704 sqft living area, which positions it well below average citywide for size. The lot, however, is a standard city size at 2,807 sqft, typical for the street and area. The home has a basement (not renovated) and no garage or pool. Its recent assessed value is $180k, which is around the average for its immediate surroundings but below the Winnipeg average.
The appeal lies in its affordability and location within a stable, established community. It suits first-time buyers seeking an entry point into homeownership, investors looking for a rental property with a manageable footprint, or downsizers who prioritize a smaller, low-maintenance living space. A thoughtful perspective is that its below-average size and value for the city at large could represent a chance to secure a home in a neighbourhood where you're paying primarily for the land and location, with the potential to add value through thoughtful updates over time.
Frequently Asked Questions
1. Is this a "tear-down" or a liveable home?
Based on the details, it is a standing home with a liveable area and an unrenovated basement. It is likely functional but may require updates or improvements depending on its condition.
2. How does the lot size compare?
The 2,807 sqft lot is very typical for the Chalmers neighbourhood and Martin Avenue itself, offering standard outdoor space for the area without being exceptionally large or small.
3. Why is the assessed value so much lower than the city average?
The assessed value reflects the home's smaller size, age, and the generally more affordable market in the Chalmers area compared to the Winnipeg-wide average, which includes newer, larger homes in higher-priced districts.
4. What does "around average" for the street and neighbourhood mean for value?
It suggests the property is priced in line with its direct peers. You're not overpaying for the location relative to nearby homes, but you're also not finding an outlier bargain on the block.
5. What might be a less obvious consideration before viewing?
Given the age (1924) and the mention of an unrenovated basement, prospective buyers should pay particular attention to the foundation, plumbing, and electrical systems. The cost of modernizing these core elements could be a significant factor in the total investment.
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