Property score
37.3
Below average
Overall 37.3 · Smaller than most nearby homes
684 sqft (bottom 17%) · Built in 1913 (21 yrs older than avg)
Located in a above-average income area with median household income of ~68.5k
Transit 94.0 · 1-min walk to transit with 4 nearby routes · Within 500m: 1 dining spot, 5 schools, 2 parks, and 1 place of worship nearby
Living Area
Below average
28% smaller than neighborhood avg.
Year Built
Below average
21 yrs older than neighborhood avg.
Mother tongue
English · 69%Tagalog · 13%
Past 10 years Chalmers sales snapshot (~80% of all data)
1,193
206.3k
$226/sqft
1934
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37.3 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: #46110935
$69K
Median household income
$71K
Average household income
12%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
25%
Single-person households
25%
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
470 Bowman Avenue — 9 amenities found within 500 m, across 4 categories, including 1 dining (nearest 422 m), 5 education (nearest 461 m), 2 parks (nearest 311 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 4% | Bottom 4% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 470 Bowman Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1913, situated on a standard 2,500 sqft lot in the Chalmers neighbourhood. Its key characteristic is its modest scale, with 684 sqft of living space, which positions it well below the average home size for both the area and the city. The appeal lies primarily in its accessibility. With a historically low assessed value and a recent sale price far below city averages, it represents one of the most entry-level priced properties available. This is not a move-in-ready modern home, but a foundational asset.
It would suit a specific type of buyer: a first-time purchaser, an investor, or a downsizer seeking absolute minimal carrying costs. Its value is in the land and the opportunity it presents—whether as a starter home to build equity, a rental property with a low acquisition cost, or a candidate for a careful renovation or rebuild over time. A thoughtful perspective is that its lower property taxes, due to the low assessment, provide ongoing financial relief, making homeownership sustainable on a tight budget. The neighbourhood context is important; it sits among a mix of older, similar homes and some newer constructions, suggesting an area in a gradual state of change.
Frequently Asked Questions
1. 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 compared to the broader market. It is aligned with similar, smaller heritage-style homes in the immediate area.
2. What type of work might this home need?
Given its age (over 110 years old), buyers should budget for potential updates to systems like wiring or plumbing, and be prepared for the maintenance typical of a century-old structure. A thorough inspection is essential.
3. Is there potential to expand or rebuild on the lot?
The 2,500 sqft lot is a standard size for the street. Any expansion or redevelopment would need to comply with current zoning bylaws, setback requirements, and possibly heritage considerations due to the home's age.
4. How does the recent sale price compare to the assessment?
The home sold for $10,700 in August 2023, which is below its $12,800 assessed value. This can indicate a motivated sale or reflect the cost of needed updates, and is a key data point for understanding its market value.
5. What is the neighbourhood like for daily living?
Chalmers is an established neighbourhood with a mix of residential properties. The close proximity of similar-valued homes on Bowman Avenue suggests a cohesive, modest streetscape. Buyers should visit at different times to gauge traffic, noise, and overall community feel.
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