29.7
Below average
Property score
29.7
Below average
Overall 29.7
Smaller and older than most nearby homes
558 sqft (bottom 2%)
Built in 1907 (27 yrs older than avg)
Located in a average-income area
with median household income of ~62k
Transit 100.0
2-min walk to transit with 6 nearby routes
Within 500m: 1 dining spot, 2 schools, 6 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
41% smaller than neighborhood avg.
Year Built
Below average
27 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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29.7 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
447 Tweed Avenue — 11 amenities found within 500 m, across 4 categories, including 1 dining (nearest 386 m), 2 education (nearest 178 m), 6 parks (nearest 118 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 36% | Bottom 22% | Bottom 4% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 9% | Bottom 2% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 447 Tweed Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1907, situated on a 2,770 sqft lot in the Chalmers neighbourhood. Its primary appeal lies in its position as a land-value opportunity. The living space is modest at 558 sqft, and the basement is noted as unrenovated. There is no garage or pool. The home's recent sale price and assessed value are significantly below city-wide averages.
The property suits specific buyer profiles: investors or handy buyers looking for a footprint in the city at a very accessible price point. Its below-average costs for taxes and acquisition could free up capital for a future rebuild or extensive renovation. For someone seeking a minimalistic lifestyle or a strategic hold in a mature neighbourhood, the lot itself provides the core value. A less obvious perspective is that a home of this vintage and size offers a manageable scale for someone interested in historically sympathetic restoration, without the overwhelming scope of a larger character home.
Frequently Asked Questions
1. Is this a teardown property?
While the home is livable, its low assessed value and modest size indicate that a significant portion of its worth is in the land. It is a prime candidate for eventual redevelopment or a complete rebuild to modern standards.
2. How can the 2024 sale price be so much lower than the 2019 price?
This sharp decrease typically reflects a change in the property's condition or perceived utility, or it may have been part of a non-arms-length transaction. It strongly suggests the market currently views it as a land play rather than for its existing structure.
3. What are the implications of such a low assessed value?
The municipal property tax bill will be very low relative to most Winnipeg homes. However, financing a purchase or renovation with a traditional mortgage can be challenging with a low appraisal, so buyers should be prepared for alternative financing or cash purchases.
4. Is the neighbourhood investment-friendly?
The data shows that within the immediate area and Chalmers neighbourhood, this property ranks below average in key metrics. This can signal an area with redevelopment potential, but buyers should research area plans and trends to understand future prospects.
5. What should I consider about the unrenovated basement?
Given the home's age, an unrenovated basement requires careful inspection for foundational integrity, moisture management, and the state of older mechanical systems. Budgeting for essential repairs here should be a priority over cosmetic updates.
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