49.3
Below average
Property score
49.3
Below average
Overall 49.3
Larger than most nearby homes
1,120 sqft (top 23%)
Built in 1914 (20 yrs older than avg)
Located in a average-income area
with median household income of ~53.6k
Transit 92.0
3-min walk to transit with 7 nearby routes
Within 500m: 1 dining spot, 1 school, 6 parks, and 4 place of worships nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
17% larger than neighborhood avg.
Year Built
Near average
20 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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49.3 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: #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
401 Riverton Avenue — 13 amenities found within 500 m, across 5 categories, including 1 dining (nearest 379 m), 1 education (nearest 342 m), 6 parks (nearest 376 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 46% | Top 41% | Bottom 13% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 401 Riverton Avenue, Winnipeg
Key Characteristics & Appeal
This home is a classic one-and-a-half storey property built in 1914, offering 1,120 sqft of living space on a 2,752 sqft lot in the Chalmers neighbourhood. Its key features include a detached garage and a basement that is present but not renovated. The appeal of this property lies in its position as a practical, no-frills entry point into the Winnipeg market. With a recently sold price of $210,000 and a notably low assessed value, it presents a clear value proposition for budget-conscious buyers.
The home suits first-time buyers, investors, or handy individuals looking for a straightforward project. Its living area is above average for Chalmers, offering decent space for the price, while the lot size is manageable. A thoughtful perspective is that this property represents a "blank canvas" opportunity. Its unrenovated state and lower price point allow a new owner to add value incrementally according to their own taste and budget, without paying a premium for someone else’s potentially dated renovations. It’s a home for those who see potential in fundamentals: a solid location, a functional layout, and the freedom to customize over time.
Frequently Asked Questions
1. What is the true condition of the basement?
The listing explicitly states the basement is "not renovated." Buyers should anticipate a utility or storage space in original condition, likely requiring inspection for moisture, insulation, and foundational integrity before considering any future development.
2. How does the low assessed value impact property taxes?
A lower assessed value typically results in lower municipal property taxes compared to similar-sized homes with higher assessments. This is a tangible, ongoing financial benefit for the owner.
3. Is the $210,000 sale price consistent with the area?
The data shows this sale price was around average for the immediate street and neighbourhood in late 2023, but below the city-wide average. This indicates you are paying a neighbourhood-appropriate price, not an inflated one.
4. What are the implications of the home's age (1914)?
While the structure has proven its durability, a home of this age requires a diligent inspection. Focus should be on core systems: wiring, plumbing, heating, and the roof. Original charm is often present, but modern updates may be needed.
5. Who might this property NOT suit?
It is likely not ideal for buyers seeking a turn-key, modern home or those unable to handle any maintenance or cosmetic projects. The unrenovated basement and age of the property mean some level of ongoing investment or tolerance for imperfections should be expected.
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