37.3
Below average
Property score
37.3
Below average
Overall 37.3
Smaller and older than most nearby homes
720 sqft (bottom 23%)
Built in 1911 (23 yrs older than avg)
Located in a above-average income area
with median household income of ~67.5k
Transit 94.0
2-min walk to transit with 4 nearby routes
Within 500m: 1 dining spot, 1 school, and 4 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
24% smaller 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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37.3 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
397 Chalmers Avenue — 6 amenities found within 500 m, across 3 categories, including 1 dining (nearest 84 m), 1 education (nearest 448 m), 4 parks (nearest 43 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%
397 Chalmers Avenue: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Property Overview & Key Characteristics
This home at 397 Chalmers Avenue is a compact, century-old property that presents a specific value proposition. Built in 1911, it's a one-and-a-half storey home with 720 sqft of living space, situated on a 3,441 sqft lot. Key features include a basement (not renovated) and no garage. Its assessed value is notably low compared to city-wide averages, placing it in the bottom tier for the market.
The primary appeal lies in its land and its price point. The lot size is above average for the city, offering potential for expansion or outdoor use in a central neighbourhood. This property would suit a very specific buyer: an investor looking for a rental property with a low entry cost, a hands-on buyer planning a significant renovation or rebuild who values the land over the existing structure, or someone seeking the absolute minimum price point to enter the Winnipeg market. It is not a move-in-ready home and would require vision and investment.
Frequently Asked Questions
1. What does the low assessed value indicate?
The assessed value of $15,900 is significantly below city averages, typically reflecting the home's age, compact size, and likely need for modernization. It suggests municipal taxes will be low, but it also clearly signals that the property is not in a renovated or updated condition.
2. How should I interpret the "below average" rankings for living area and year built?
These rankings quantitatively confirm the home's characteristics: it is much smaller and older than most homes in its neighbourhood and across Winnipeg. This isn't necessarily negative, but it sets accurate expectations. You are purchasing a historic, character home with minimal interior space.
3. Is the land size a positive feature?
Yes, particularly city-wide. While the lot is around average for the local Chalmers area, it is larger than over 80% of lots across Winnipeg. This discrepancy between a small house on a relatively large lot in a central location is a key aspect of the property's potential.
4. What is the immediate neighbourhood like based on the comparable listings?
The nearby properties listed are of similar vintage (built 1907-1914) and assessed value, indicating a consistent, established neighbourhood of older, modestly valued homes. This suggests the area hasn't seen widespread redevelopment or luxury renovations.
5. Who is this property not suited for?
It is not suited for buyers seeking a turn-key home, those needing ample indoor living space, or anyone unable to manage a renovation project. The lack of a garage and an unrenovated basement further indicate it won't meet the needs of a buyer looking for modern conveniences and finished storage space.
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