50.9
Fair
Property score
50.9
Fair
Overall 50.9
Compared with neighbourhood average
1,035 sqft (top 34%)
Built in 1946 (12 yrs newer than avg)
Located in a average-income area
with median household income of ~62k
Transit 92.0
3-min walk to transit with 6 nearby routes
Within 500m: 1 dining spot, 2 schools, 5 parks, and 1 place of worship nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
9% larger than neighborhood avg.
Year Built
Near average
12 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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50.9 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
481 Tweed Avenue — 9 amenities found within 500 m, across 4 categories, including 1 dining (nearest 474 m), 2 education (nearest 171 m), 5 parks (nearest 115 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 34% | Top 47% | Bottom 11% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 481 Tweed Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1946, sits on a notably spacious lot in the Chalmers neighbourhood. Its primary appeal lies in the land itself—at nearly 5,000 sq ft, the property offers above-average outdoor space for the immediate area, presenting a clear opportunity for gardening, expansion, or future redevelopment. The house features a functional layout with 1,035 sq ft of living space, a detached garage, and a basement that awaits finishing. While the home is modest and requires updating, its assessed value ranks well above average for its street and neighbourhood, suggesting a solid foundation of underlying value relative to nearby properties.
This home would best suit a pragmatic buyer—perhaps a first-time homeowner comfortable with a project, an investor looking for a land-value play, or someone seeking an affordable entry into a mature neighbourhood without the premium of a fully renovated home. Its charm is not in immediate move-in readiness, but in its potential and the relative rarity of a larger lot in this setting.
Frequently Asked Questions
1. What does "above average" for land area actually mean here?
It means the lot size of 4,967 sq ft is larger than most properties on Tweed Avenue and in the broader Chalmers area. You're getting more outdoor space than is typical for this location, which is a key feature of this property.
2. The assessed value seems low. What does that indicate?
The assessed value is for municipal tax purposes and is not a market price. That it ranks "above average" for the street but "below average" city-wide reflects the home's modest condition and the neighbourhood's overall affordability compared to Winnipeg as a whole. It typically points to lower property taxes.
3. Is the basement finished?
No, the listing specifies the basement exists but is "not renovated." It is unfinished space that offers storage or future development potential.
4. How recent are the sales details provided?
The home last sold in January 2022 for $20,200. This gives a recent benchmark, but current market conditions may have shifted the value since that time.
5. The home is 80 years old. What should I be most concerned about?
While the year built (1946) is actually newer than many on the street, any home of this age will require a thorough inspection. Key focuses should be the foundation, roof, wiring, plumbing, and insulation to understand the scope of needed updates or repairs.
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