Property score
32.4
Below average
Overall 32.4 · Smaller and older than most nearby homes
649 sqft (bottom 11%) · Built in 1907 (27 yrs older than avg)
Located in a average-income area with median household income of ~53.6k
Transit 100.0 · 1-min walk to transit with 8 nearby routes · Within 500m: 1 dining spot, 2 schools, 4 parks, and 4 place of worships nearby
Living Area
Below average
32% smaller than neighborhood avg.
Year Built
Below average
27 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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32.4 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
402 Thames Avenue — 11 amenities found within 500 m, across 4 categories, including 1 dining (nearest 269 m), 2 education (nearest 309 m), 4 parks (nearest 236 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 7% | Bottom 10% | Bottom 2% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Property Overview: 402 Thames Avenue, Winnipeg
Key Characteristics & Buyer Profile
This is a compact, one-storey home built in 1907 on a standard city lot in the Chalmers neighbourhood. Its key characteristics are its modest scale and value-focused price point. The home features 649 sqft of living space, an unrenovated basement, and a detached garage. The lot size of 2,761 sqft is typical for the immediate street but smaller than the Winnipeg average.
The primary appeal lies in its accessibility as an entry-point into homeownership or as a strategic investment property. The very low assessed and recent sale values place it among the most affordable options in the city. It suits a specific type of buyer: those comfortable with a smaller footprint, willing to take on a home with likely update requirements, and who prioritize low upfront cost over modern size or finishes. A thoughtful perspective for the right buyer is viewing this as a "blank canvas" property—its value is fundamentally in the land and the structure, offering the freedom to renovate or expand according to one's own needs over time, without the premium of previous upgrades baked into the price.
Frequently Asked Questions
1. What does "below average" in the rankings actually mean for this home?
It means that compared to similar residential properties on its street, in Chalmers, and across Winnipeg, this home ranks lower in metrics like living area, year built, and assessed value. This isn't necessarily a negative; it directly reflects and explains its position as a more affordable, character-home option in the market.
2. Is the basement usable?
The listing specifies the basement exists but is "not renovated." Buyers should anticipate a functional but unfinished space, likely suitable for utilities and storage rather than finished living areas, unless renovations are undertaken.
3. Who might this property not be suitable for?
It would likely not suit buyers looking for a move-in-ready home with modern amenities, those requiring multiple bedrooms or ample living space, or families needing a large yard, as the lot is smaller than the city norm.
4. How significant is the detached garage?
A detached garage is a practical asset, especially in Winnipeg, providing protected vehicle storage and additional space for tools or projects. Its value is enhanced in a smaller home where on-site storage may be limited.
5. The nearby comparison homes have higher assessed values. What does that indicate?
The listed "For Reference" properties on nearby streets are larger in living area and have higher assessed values, suggesting 402 Thames Avenue is priced accordingly for its more compact size. This reinforces that the immediate area offers a mix of home sizes and values, with this listing positioned at the more affordable end.
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