39.8
Below average
Property score
39.8
Below average
Overall 39.8
Larger but older than most nearby homes
1,159 sqft (top 19%)
Built in 1907 (27 yrs older than avg)
Located in a below-average income area
with median household income of ~32.4k
Transit 100.0
1-min walk to transit with 8 nearby routes
Within 500m: 4 parks, 4 place of worships, and 1 government office nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
22% larger than neighborhood avg.
Year Built
Below average
27 yrs older than neighborhood avg.
Mother tongue
English · 71%Tagalog · 4%
Past 10 years Chalmers sales snapshot (~80% of all data)
1,193
206.3k
$226/sqft
1934
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39.8 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: #46110684
$32K
Median household income
$42K
Average household income
42%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.5
P90 / P10 ratio
51%
Single-person households
12%
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
387 Nairn Avenue — 9 amenities found within 500 m, across 3 categories, including 4 parks (nearest 345 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 1% | Bottom 10% | Bottom 2% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Appeal
This home at 387 Nairn Avenue is defined by its significant lot size and historic character. Built in 1907, it sits on a large 5,678 sqft lot, which places it in the top tier for land area within its immediate area and the Chalmers neighbourhood. The living space of 1,159 sqft is comfortably above average for similar local homes. Its appeal lies primarily in its land value and the potential it represents. The very low assessed and recent sale values highlight a property that is likely a fixer-upper or redevelopment project. It has an unrenovated basement and no garage.
This property would best suit a buyer with a vision, such as a renovator looking for a character home on a generous lot, or an investor considering the land value for future redevelopment. It’s a practical choice for those who see potential over polish and are prepared for the work an older home requires.
Key Questions for Consideration
What does "unrenovated basement" imply?
This typically means the basement is in original or rough condition. Buyers should budget for potential updates to meet modern standards for living space, moisture control, or mechanical systems.
Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's current state and market position. For a 119-year-old home that may need significant updates, the value is driven largely by the land itself rather than the existing structure.
Is the large lot a benefit for this specific property?
Absolutely. The lot size is this home's standout feature. It offers valuable outdoor space and future flexibility that smaller, modern lots do not, which is a key asset in any renovation or redevelopment plan.
What should I investigate about a house built in 1907?
Prioritize inspections for foundational integrity, the state of the original wiring and plumbing, roof condition, and overall energy efficiency. Understanding these core elements is crucial for an accurate renovation budget.
How does the low sale price affect property taxes?
While property taxes are based on the assessed value, a recent sale price significantly below area averages can sometimes be used as a point of discussion with the assessment authority, though it is not a guarantee of a reduction.
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