50.1
Fair
Property score
50.1
Fair
Overall 50.1
Older than most nearby homes
1,048 sqft (top 32%)
Built in 1911 (23 yrs older than avg)
Located in a above-average income area
with median household income of ~67.5k
Transit 86.0
2-min walk to transit with 4 nearby routes
Within 500m: 1 dining spot, and 2 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
10% larger than neighborhood avg.
Year Built
Below average
23 yrs older 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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50.1 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
373 Martin Avenue W — 3 amenities found within 500 m, across 2 categories, including 1 dining (nearest 251 m), 2 parks (nearest 176 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 34% | Bottom 35% | Bottom 6% |
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 at 373 Martin Avenue W in Winnipeg's Chalmers neighbourhood presents a specific and compelling opportunity. Its key appeal lies in the combination of a generous, above-average lot size with a recently renovated basement, all at a very accessible price point. The 4,529 sqft lot is notably large, placing it in the top 5% for size on its street. The living space of 1,048 sqft is comfortable and above the local average for similar homes. While the house itself is historic (built in 1911), the renovated basement adds modern functionality. The very low assessed value reflects the home's age and market position rather than its potential.
This property would suit a pragmatic buyer looking for land value and a solid foundation to build upon. It's ideal for a first-time homeowner comfortable with ongoing updates, an investor seeking a property with a strong land-to-structure value ratio, or someone wanting to put their own stamp on a character home without starting from scratch. Its value is more in what it could be rather than in turn-key finishes.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on the scope, quality, and permits should be verified through a viewing and by requesting any available documentation from the seller.
2. Why is the assessed value so much lower than typical city homes?
The assessed value is based on the property's market characteristics within its specific area and peer group. It reflects the home's age, the neighbourhood's prevailing prices, and the fact that it is a more modest, historic structure. This can mean significantly lower property taxes compared to newer or more extensively updated homes.
3. Is the large lot a benefit for expansion or subdivision?
The lot size is a major asset, offering ample outdoor space and potential for future expansion like an addition, garage, or garden. However, any plans for subdivision or significant structural changes would require thorough investigation of local zoning bylaws and feasibility.
4. What should I consider with a home from 1911?
While charming, a home of this age requires attention to its fundamental systems. A thorough inspection is essential to evaluate the condition of the roof, foundation, plumbing, electrical wiring, and insulation. The renovated basement is a plus, but the main floor may retain its original character and need updates.
5. How does the last sale price in 2016 relate to the current asking price?
The 2016 sale price of $17,300 is a historical data point and reflects the market conditions and property state at that time. The current asking price will be based on today's market, the renovated basement, and the inherent value of the large lot. It's a useful reference for price trajectory but not a direct indicator of current value.
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