Property score
50.6
Fair
Overall 50.6 · Larger than most nearby homes
1,096 sqft (top 26%) · Built in 1914 (20 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, 6 schools, 2 parks, and 1 place of worship nearby
Living Area
Above average
15% larger than neighborhood avg.
Year Built
Near average
20 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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50.6 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
487 Bowman Avenue — 10 amenities found within 500 m, across 4 categories, including 1 dining (nearest 468 m), 6 education (nearest 417 m), 2 parks (nearest 304 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 16% | Bottom 18% | Bottom 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-and-a-half storey home on Bowman Avenue in Winnipeg's Chalmers neighbourhood presents a specific and practical opportunity. Built in 1914, it features 1,096 sqft of living space and sits on a 2,500 sqft lot. The home has a basement but it is not renovated, and there is no garage or pool. Its most defining characteristic is its assessed value of $15,500, which is significantly below average for the city. This creates a distinct profile: the living space is quite generous for its immediate area and neighbourhood, but the property is valued much lower than typical Winnipeg homes.
The appeal lies in its potential as an affordable entry point into homeownership, particularly for a buyer comfortable with a property that requires updates. It suits a practical first-time buyer, an investor looking for a rental property with a low tax base, or someone seeking a straightforward living space without the premium for modern finishes. A less obvious perspective is that its above-average living area for Chalmers offers more interior space than many neighbouring homes, which could be a relative advantage for the price. However, this comes with the understanding that the low assessed value reflects the age of the home, the unrenovated state, and the smaller lot size relative to the broader market.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is based on the property's market characteristics, including its age (1914), unrenovated condition, lack of a garage, and a land area that is below average for Winnipeg. It is assessed in line with similar properties in its immediate area.
2. Is the living space actually a good size?
Yes. At 1,096 sqft, the living area is above the average for both Bowman Avenue and the wider Chalmers neighbourhood. This means you get more interior space than many comparable local homes.
3. What does "basement, not renovated" imply?
It indicates the basement exists and is usable, but it is in original or functional condition without modern finishes. Buyers should budget for potential updates and should have the foundation and moisture control inspected.
4. Who would this property not suit?
It would not suit buyers seeking a move-in-ready modern home, those who require a garage for parking or storage, or anyone uncomfortable with the maintenance and potential upgrade needs of a 110-year-old house.
5. How does the lot size impact the property?
The 2,500 sqft lot is around average for the street but below average for the neighbourhood and city. This means smaller outdoor space, which can mean less maintenance but also limits expansion possibilities and private outdoor areas.
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