61.6
Fair
Property score
61.6
Fair
Overall 61.6
Larger and newer than most nearby homes
2,240 sqft (top 1%)
Built in 1963 (29 yrs newer than avg)
Located in a below-average income area
with median household income of ~43.2k
Transit 100.0
2-min walk to transit with 6 nearby routes
Within 500m: 2 schools, 1 shop, 4 parks, and 5 place of worships nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
135% larger than neighborhood avg.
Year Built
Above average
29 yrs newer than neighborhood avg.
Mother tongue
English · 70%Tagalog · 6%
Past 10 years Chalmers sales snapshot (~80% of all data)
1,193
206.3k
$226/sqft
1934
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61.6 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: #46110682
$43K
Median household income
$51K
Average household income
34%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.2
P90 / P10 ratio
51%
Single-person households
13%
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
263 Talbot Avenue — 12 amenities found within 500 m, across 4 categories, including 2 education (nearest 295 m), 1 shopping (nearest 127 m), 4 parks (nearest 128 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 15% | Top 7% | Bottom 40% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This two-storey home at 263 Talbot Avenue in Winnipeg's Chalmers neighbourhood presents a distinct profile. Its key appeal lies in the significant disparity between its generous living space and its modest official valuation. Built in 1963, the home features a renovated basement and a detached garage on a standard city lot.
The most striking characteristic is its living area of 2,240 sq ft, which ranks in the top 2% on its street and top 1% within Chalmers, far exceeding the neighbourhood average. This suggests a home that offers substantially more interior space than most in the area. However, its assessed value of $39.2k is notably low, creating an interesting dynamic. This combination would suit a practical buyer looking for maximum square footage per dollar, or an investor/renovator who sees potential value beyond the official assessment. The home’s age is above average for the immediate area, indicating it is a newer structure among predominantly older homes, which can be an advantage for systems and upkeep. The appeal is for those who prioritize interior space and see opportunity in the value proposition, rather than those seeking premium land size or a brand-new build.
Frequently Asked Questions
1. Why is the assessed value so much lower than the living area would suggest?
While the home offers large living space, assessed value is based on multiple factors including market area, property condition, and recent sales. The low assessment relative to size may reflect the neighbourhood's overall market or the home's specific condition, but it highlights a potential value opportunity for buyers.
2. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, permits, and whether it includes added bedrooms, a legal suite, or simply finished living space.
3. How does the 1963 build year compare to nearby homes?
The home is newer than most in Chalmers, where many homes are from the early 1900s. This can mean updated electrical, plumbing, or insulation compared to century-old neighbours, but a professional inspection is still essential for a 60-year-old house.
4. Is the detached garage a standard size?
The listing notes a detached garage but not its dimensions or condition. Given the lot size is around average for the city, the garage footprint is likely standard, but its state (e.g., insulated, wired, needing repair) should be verified.
5. The home sold for $30.6k in 2016. What does that history indicate?
The 2016 sale price was significantly below the current assessed value, which may indicate a major renovation, a market adjustment, or a non-arms-length transaction at that time. It underscores the importance of understanding what changes have occurred in the last eight years.
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