63.1
Fair
Property score
63.1
Fair
Overall 63.1
Larger and newer than most nearby homes
1,440 sqft (top 5%)
Built in 2005 (71 yrs newer than avg)
Located in a average-income area
with median household income of ~62k
Transit 100.0
1-min walk to transit with 8 nearby routes
Within 500m: 1 dining spot, 2 schools, 4 parks, and 2 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
51% larger than neighborhood avg.
Year Built
Above average
71 yrs newer than neighborhood avg.
Mother tongue
English · 78%Tagalog · 3%
Past 10 years Chalmers sales snapshot (~80% of all data)
1,193
206.3k
$226/sqft
1934
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63.1 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: #46110688
$62K
Median household income
$62K
Average household income
26%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
31%
Single-person households
26%
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
424 Thames Avenue — 9 amenities found within 500 m, across 4 categories, including 1 dining (nearest 301 m), 2 education (nearest 258 m), 4 parks (nearest 166 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 13% | Top 21% | Bottom 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 424 Thames Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home at 424 Thames Avenue in Chalmers is a modern property built in 2005, offering a practical and low-maintenance living option. Its primary appeal lies in its relative newness compared to most homes in the area and citywide, suggesting updated building systems and less immediate need for major renovations. With 1,440 sqft of living space, it provides ample room for a small family or couple and is notably larger than many neighbouring homes.
The lot size of 2,761 sqft is modest, particularly by Winnipeg standards, which translates to less yard upkeep—a potential benefit for those seeking a manageable outdoor space. The attached garage adds convenience. The home’s assessed value is significantly lower than the city average, indicating a potentially more accessible price point in a market where newer construction often commands a premium.
This property would suit first-time buyers or downsizers looking for a modern, move-in-ready home without the extensive maintenance that can come with an older character home. It’s also a sensible choice for value-conscious buyers who prioritize the condition and efficiency of a newer build over having a large plot of land.
Section 2: Frequently Asked Questions
1. Is the lot size a disadvantage?
While below the city average, the lot is fairly typical for the immediate street and neighbourhood. It offers a manageable yard, reducing maintenance time and costs, which can be a positive for many buyers.
2. How does the 2005 build year impact value?
Being built in 2005 places this home among the newest on its street and in Chalmers. This often means more modern wiring, plumbing, insulation, and windows, leading to better energy efficiency and lower immediate repair costs than much of the surrounding housing stock.
3. Why is the assessed value so much lower than the city average?
Property assessments are based on a mass appraisal system considering many factors, including location, home type, and lot size. While the home is modern, its modest lot size and specific neighbourhood setting result in an assessment that reflects its local market context rather than the city-wide average, which is skewed by larger properties in different areas.
4. What does the sale history indicate?
The home sold recently in February 2024 for $250,000. This provides a clear, current benchmark of its market value, which is above its assessed value—a common occurrence—and shows strong demand for well-maintained, newer homes in the area.
5. Who might the nearby "For Reference" and "Worth Viewing" properties appeal to in comparison?
The listed properties on Tweed Avenue (396 and 380) are older (1907 & 1918), smaller, and have significantly lower assessed values. They represent a different buyer profile: those possibly seeking a lower entry price with an acceptance of older home character and the potential for more hands-on upkeep or renovation.
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