Property score
33.4
Below average
Overall 33.4 · Smaller than most nearby homes
720 sqft (bottom 23%) · Built in 1913 (21 yrs older than avg)
Located in a average-income area with median household income of ~57.2k
Transit 92.0 · 3-min walk to transit with 7 nearby routes · Within 500m: 1 dining spot, 2 schools, 2 shops, and 3 parks nearby
Living Area
Below average
24% smaller than neighborhood avg.
Year Built
Below average
21 yrs older than neighborhood avg.
Mother tongue
English · 73%Tagalog · 4%
Past 10 years Chalmers sales snapshot (~80% of all data)
1,193
206.3k
$226/sqft
1934
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33.4 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: #46110681
$57K
Median household income
$61K
Average household income
32%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
31%
Single-person households
15%
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
224 Dearborn Avenue — 15 amenities found within 500 m, across 6 categories, including 1 dining (nearest 419 m), 2 education (nearest 250 m), 2 shopping (nearest 185 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 | Top 50% | Bottom 14% | Bottom 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 224 Dearborn Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1913, situated on a modest lot in the Chalmers neighbourhood. Its key appeal lies in its position as an entry-point property with a very low assessed value, which is significantly below averages for the street, neighbourhood, and city. The home is notably small, with 720 sqft of living space, and features an unrenovated basement and no garage.
This property would primarily suit a specific type of buyer: those seeking a minimal financial footprint, such as an investor looking for a low-cost rental opportunity, a buyer intending to build new on the lot, or a very hands-on owner prepared for a full-scale renovation. Its below-average metrics across the board suggest it is not a move-in-ready home but a foundational asset. A less obvious perspective is its potential for someone interested in "right-sizing" or minimalist living, provided they are willing to invest substantially in modernizing the small space. The data indicates it's one of the most affordable properties in a comparative sense, making it a unique option in a high-cost market.
Section 2: Frequently Asked Questions
1. What does the assessed value tell me about this property?
The assessed value of $12,900 is exceptionally low, placing it in the bottom 2-7% of comparable properties locally. This typically reflects the home's age, condition, and size rather than its land value alone, indicating a major renovation or rebuild is likely necessary.
2. How does the lot size compare?
At 2,243 sqft, the land area is below average for the immediate street and the wider Chalmers area. This means outdoor space is limited, but it also may translate to lower maintenance costs and property taxes relative to larger lots.
3. Is the basement finished or usable?
No. The listing specifies the basement exists but is "not renovated." Buyers should anticipate it being in original or rough condition, requiring significant work to be used as living space.
4. Who might this property not be suitable for?
It is likely not suitable for first-time buyers seeking a move-in-ready home, families needing multiple bedrooms or ample space, or anyone unable to undertake or fund a major renovation or construction project.
5. The home last sold in 2016 for $13,500. What does that indicate?
The stable, very low sale price over an eight-year period suggests the property has not undergone significant improvements that would increase its market value. It reinforces the profile of a property that has been maintained as a basic holding rather than a updated residence.
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