48.1
Below average
Property score
48.1
Below average
Overall 48.1
Newer than most nearby homes
904 sqft (top 50%)
Built in 1962 (28 yrs newer than avg)
Located in a above-average income area
with median household income of ~67.5k
Transit 86.0
3-min walk to transit with 4 nearby routes
Within 500m: 1 dining spot, 1 park, and 2 place of worships nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
5% smaller than neighborhood avg.
Year Built
Above average
28 yrs newer than neighborhood avg.
Mother tongue
English · 76%Tagalog · 8%
Past 10 years Chalmers sales snapshot (~80% of all data)
1,193
206.3k
$226/sqft
1934
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48.1 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: #46110931
$68K
Median household income
$74K
Average household income
19%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.4
P90 / P10 ratio
29%
Single-person households
17%
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
348 Union Avenue W — 4 amenities found within 500 m, across 3 categories, including 1 dining (nearest 210 m), 1 parks (nearest 211 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 8% | Top 4% | Bottom 49% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 47% | Top 50% | Bottom 10% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 348 Union Avenue W, Winnipeg
Key Characteristics & Appeal
This one-storey home in Chalmers sits on a standard 3,444 sqft lot and offers 904 sqft of living space. Its primary appeal lies in its strong value proposition and recent, significant renovation, as evidenced by its updated basement. Built in 1962, it is notably newer than many homes in its immediate area and neighbourhood.
The data reveals a compelling narrative: while the home's size is modest by city-wide standards, it stands out locally for its above-average assessed value and recent sale price. This suggests buyers are recognizing the modernized improvements. Its appeal is for practical, value-conscious buyers—perhaps first-time homeowners, downsizers, or investors—who prioritize move-in readiness and updated mechanics over sheer square footage. It suits someone looking for a manageable property in a long-established neighbourhood without the burden of immediate major repairs.
A less obvious perspective is the lot's potential. While the house is compact, the lot size is very typical for the area, offering balanced outdoor space without excessive maintenance. The recent sale history indicates a rapidly appreciating asset in its micro-market, hinting at a neighbourhood that may be transitioning or seeing renewed investment.
Frequently Asked Questions
1. What does the "above average" assessed value mean in this context?
It means that, compared to similar properties on the same street and in the Chalmers neighbourhood, this home is officially valued in the top 10%. This typically reflects recent improvements, like the renovated basement, and desirable characteristics for the area.
2. The home sold recently in October 2024. Why is it back on the market?
While the specific reason isn't listed, quick resales can sometimes indicate an investor's flip, a change in the buyer's circumstances, or a assignment sale. It's always recommended to ask the listing agent for the precise history.
3. Is the living space too small?
At 904 sqft, it's around the neighbourhood average. It's a compact, efficient layout suitable for individuals, couples, or small families. The renovated basement likely adds functional space, making the overall footprint more livable.
4. There's no garage. What are parking options?
The listing notes no garage. This is common for many older Winnipeg neighbourhoods. Parking would be via on-street permit or a potential driveway if space on the lot allows, which should be verified with the city.
5. How does the sale price compare to the assessed value?
The October 2024 sale price was significantly higher than both the current assessed value and a previous sale from earlier in 2024. This strong market performance suggests the property is selling based on its updated condition and market demand, exceeding its government assessment.
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