Property score
33.1
Below average
Overall 33.1 · Smaller and older than most nearby homes
600 sqft (bottom 6%) · Built in 1911 (23 yrs older than avg)
Located in a average-income area with median household income of ~53.6k
Transit 100.0 · 2-min walk to transit with 8 nearby routes · Within 500m: 1 dining spot, 1 school, 4 parks, and 4 place of worships nearby
Living Area
Below average
37% smaller than neighborhood avg.
Year Built
Below average
23 yrs older than neighborhood avg.
Mother tongue
English · 73%Tagalog · 5%
Past 10 years Chalmers sales snapshot (~80% of all data)
1,193
206.3k
$226/sqft
1934
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33.1 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: #46110683
$54K
Median household income
$63K
Average household income
23%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
38%
Single-person households
20%
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
394 Thames Avenue — 10 amenities found within 500 m, across 4 categories, including 1 dining (nearest 260 m), 1 education (nearest 333 m), 4 parks (nearest 265 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 6% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Property Overview
394 Thames Avenue is a compact, one-storey home built in 1911 on a standard-sized lot in Winnipeg's Chalmers neighbourhood. Its key appeal lies in its position as a highly affordable entry point into the housing market. The home features a detached garage and a basement that is present but unrenovated. With a living area of 600 sqft, it is notably smaller than most homes on its street, in the area, and across the city.
This property would primarily suit a specific type of buyer: those seeking a minimal footprint or a strategic investment. It could be ideal for a first-time buyer comfortable with a "right-sizing" lifestyle, an investor looking for a low-cost rental property, or a buyer with land-value vision who sees the potential in the lot itself. The very low assessed and recent sale values indicate this is not a move-in-ready showhome, but a base for future plans—whether that's gradual renovation, rental income, or long-term holding in an established neighbourhood.
Frequently Asked Questions
1. Why is the living space so much smaller than nearby homes?
At 600 sqft, this home is significantly more compact than neighbouring properties. This is characteristic of its era and original design, suggesting it may have been built as a modest starter home or worker's cottage. It presents an opportunity for efficient living or a straightforward canvas for an addition.
2. What does the "unrenovated" basement imply?
The listing notes a basement exists but is not renovated. Buyers should budget for potential foundational assessments, moisture control, and basic finishing to make it a functional space. It may currently be suitable only for utilities and storage.
3. The assessed value seems very low. What does this mean for property taxes?
A low assessed value typically results in lower annual property taxes, which is a financial advantage for the owner. It's important to note that assessed value for tax purposes is different from market value, which is determined by what a buyer is willing to pay.
4. Is the value here in the house or the land?
Given the home's age, size, and condition, a significant portion of the purchase price is likely attributed to the land. The 2,762 sqft lot is a standard size for the area and may hold future redevelopment potential, which is a key consideration for investors.
5. How does this home compare to the nearby references on Tweed and Riverton Avenues?
The listed "for reference" properties are larger in living area, have higher assessed values, and one is much newer. They are not direct comparables but illustrate what exists in the broader neighbourhood. 394 Thames Avenue stands out for its affordability and minimal scale within the same community.
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