38.9
Below average
Property score
38.9
Below average
Overall 38.9
Smaller and older than most nearby homes
704 sqft (bottom 21%)
Built in 1907 (27 yrs older than avg)
Located in a average-income area
with median household income of ~62k
Transit 92.0
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
26% 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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38.9 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
471 Tweed Avenue — 11 amenities found within 500 m, across 4 categories, including 1 dining (nearest 432 m), 2 education (nearest 163 m), 6 parks (nearest 100 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 40% | Bottom 46% | Bottom 9% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This one-storey home at 471 Tweed Avenue in Winnipeg's Chalmers neighbourhood is a property defined by its generous lot and practical updates. Built in 1907, its primary appeal lies in its expansive 5,520 sqft land area, which places it in the top 5% of lots on its street. The home itself is modest in size at 704 sqft of living space and features a renovated basement and a detached garage. Its last sale was in 2019 for $190,000, with a current assessed value significantly lower than the Winnipeg city-wide average.
The appeal here is largely for the value-conscious buyer or investor who prioritizes land over the dwelling itself. It suits someone looking for a solid footprint in the city—a starter home with a large yard for gardening, pets, or future expansion, or an investor seeking a property with redevelopment potential given the lot size. The renovated basement adds functional living space, making the smaller main floor more manageable. A less obvious perspective is that a home of this age and lot size in an established neighbourhood often carries a lower property tax burden due to its assessment, which can be a significant long-term saving.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement has been renovated, but specifics on finish quality, ceiling height, legal egress, or permits should be verified with the seller or a viewing.
2. How does the low assessed value impact property taxes?
With an assessed value notably below the Winnipeg average, the municipal property tax bill is likely to be proportionally lower, which is a key ongoing cost advantage.
3. Is the large lot usable as-is, or are there restrictions?
While the lot is a major feature, buyers should check the zoning bylaws to understand what can be built (e.g., garage, addition, or new structure) and if there are any easements or odd lot shapes affecting usability.
4. Given the age of the home (1907), what should I be concerned about?
Prospective buyers should prioritize inspections for foundational integrity, outdated wiring or plumbing, and insulation. The age suggests character but also the potential for higher maintenance costs.
5. The 2019 sale price was $190k. How does that inform today's value?
This provides a historical benchmark, but market conditions, interest rates, and any improvements made since then will determine current value. It indicates the property has been in a lower price tier, which may influence financing and appraisal.
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