34.8
Below average
Property score
34.8
Below average
Overall 34.8
Older than most nearby homes
790 sqft (bottom 34%)
Built in 1908 (26 yrs older 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
Below average
17% smaller than neighborhood avg.
Year Built
Below average
26 yrs older 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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34.8 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
426 Thames Avenue — 9 amenities found within 500 m, across 4 categories, including 1 dining (nearest 305 m), 2 education (nearest 253 m), 4 parks (nearest 159 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 33% | Bottom 28% | Bottom 5% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 426 Thames Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, century-old home (built 1908) on a standard city lot in the Chalmers neighbourhood. Its key characteristic is its modest scale, with 790 sqft of living space and a detached garage. The appeal lies primarily in its position as an entry-point property. With a historically low assessed value and a recent sale price well below the city average, it represents one of the most accessible ownership opportunities in Winnipeg. This isn't a move-in-ready showhome; its value is in the land and the structure's potential.
The property would suit a specific type of buyer: a hands-on first-time purchaser, an investor looking for a straightforward rental property, or someone seeking a minimal footprint. It's for those comfortable with a home that requires updates and who prioritize low property taxes and a manageable scale over modern finishes or ample space. A less obvious perspective is its potential for someone interested in "right-sizing" or a minimalist lifestyle, as the small living area necessitates intentional living. Compared to its immediate street and neighbourhood, the lot size is smaller than average, which could mean less yard maintenance but also less private outdoor space.
Section 2: Frequently Asked Questions
1. Is this a teardown or a live-in project?
Given its age, size, and value, it could be either. It's structurally sound enough to live in while making gradual improvements, but its low value relative to land costs also makes it a candidate for eventual replacement. A professional inspection is essential to determine the feasibility of renovation.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's modest size, age, and likely condition relative to the broader Winnipeg market, where average homes are newer, larger, and on bigger lots. This results in significantly lower annual property taxes.
3. What does the "below average" ranking for lot size mean for me?
The 2,760 sqft lot is smaller than most on its street and in the city. This translates to less yard work and a cozier streetscape, but also limits options for expansions, additions, or extensive landscaping.
4. Who might this property not suit?
It would not suit buyers needing move-in-ready condition, multiple bedrooms, room for a growing family, or those unwilling to handle the maintenance and updates typical of a 118-year-old home.
5. What is the realistic potential here?
The potential is for affordable entry into the market and equity building through strategic, cost-effective updates. Its future value will be closely tied to the overall trend of the Chalmers neighbourhood rather than the features of the home itself.
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