39.0
Below average
Property score
39.0
Below average
Overall 39.0
Smaller than most nearby homes
680 sqft (bottom 17%)
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
29% 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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39.0 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
205 Martin Avenue W — 10 amenities found within 500 m, across 6 categories, including 1 dining (nearest 382 m), 2 education (nearest 396 m), 1 shopping (nearest 461 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 30% | Bottom 31% | Bottom 6% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This is a compact, one-storey home built in 1924 on a standard city lot in the Chalmers neighbourhood. Its key appeal lies in its land value and potential, rather than its current living space. The 680 sqft house is notably smaller than most in the area, but it sits on a 2,807 sqft lot that is typical for the street. The property presents as a straightforward, no-frills opportunity: it has a basement (in unrenovated condition), no garage, and no pool. It last sold in 2021 for $16,700 and carries a modest assessed value.
This home would primarily suit a specific type of buyer: those looking for a land play, a knockdown-rebuild candidate, or an investor seeking an affordable entry point into the market with the intention of a significant renovation. It is not a move-in-ready home and would likely appeal to someone comfortable with a project or strategic investment.
Frequently Asked Questions
1. Is this a tear-down property?
While not explicitly marketed as such, the home's very small size (680 sqft) and unrenovated state, combined with a lot size typical for the area, make it a prime candidate for redevelopment or a complete rebuild to maximize the property's potential.
2. How does the assessed value compare to the sale price?
The most recent sale was in August 2021 for $16,700. The current assessed value is $18,100. This close alignment suggests the municipal assessment reflects its market value as a land-based asset rather than a developed home.
3. What is the neighbourhood like for new investment?
Chalmers is an established, central neighbourhood. The property's metrics (lot size, year built) are generally around average for the area, indicating it's in a stable, mature part of the community, not an outlier.
4. What are the immediate costs or projects to consider?
Any buyer should budget for significant updates. The basement is noted as "not renovated," and the overall living space is minimal. Primary costs would be for either a major renovation to expand the living area or for demolition and new construction.
5. Why is the living area so much smaller than nearby homes?
This is a key characteristic of this property. While homes on the same street average about 948 sqft, this house is only 680 sqft. This discrepancy is what creates its value proposition as a redevelopment opportunity rather than a comparable finished home.
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