Property score
59.5
Fair
Overall 59.5 · Compared with neighbourhood average
1,000 sqft (top 38%) · Built in 1945 (11 yrs newer than avg)
Located in a above-average income area with median household income of ~79k
Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 2 parks, 1 bank/ATM, and 1 place of worship nearby
Living Area
Near average
5% larger than neighborhood avg.
Year Built
Near average
11 yrs newer than neighborhood avg.
Mother tongue
English · 80%Tagalog · 3%
Past 10 years Chalmers sales snapshot (~80% of all data)
1,193
206.3k
$226/sqft
1934
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59.5 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: #46110897
$79K
Median household income
$94K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
35%
Single-person households
23%
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 Henderson Highway — 4 amenities found within 500 m, across 3 categories, including 2 parks (nearest 355 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 42% | Top 12% | Bottom 33% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 24% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 487 Henderson Highway
Key Characteristics & Appeal
This is a 1,000 sqft, one-and-a-half storey home built in 1945, situated on a 5,019 sqft lot on Henderson Highway in Winnipeg's Chalmers neighbourhood. Its key updated feature is a renovated basement, adding modern living space. The home does not have a garage or pool.
The primary appeal lies in its location and lot. The property offers a substantial, above-average lot size for the Chalmers area, presenting a notable value for land in this part of the city. While the living space is modest and the assessed value is below the citywide average, this creates an accessible entry point. The home’s recent sale history and current assessment suggest it is positioned for buyers looking for a footprint in a well-established neighbourhood, with the potential to update the main living areas over time. It would suit a practical first-time buyer, an investor, or someone looking for a land-value play who is comfortable with a home that has good bones but may require cosmetic updates. Its position directly on Henderson Highway means excellent connectivity, but buyers should consider the implications of main road exposure for noise and privacy.
Frequently Asked Questions
1. What does the "renovated basement" typically include?
While specifics should be verified with a viewing, a renovated basement in a home of this era often means it has been finished into a livable space with proper flooring, drywall, and lighting, potentially adding a recreational room, extra bedroom, or utility space. It's a significant functional upgrade from an original cellar.
2. How does the main road location impact daily living?
Living directly on Henderson Highway provides unmatched convenience for commuting and access to amenities. The trade-off is typically higher traffic noise and less front-yard privacy compared to a side street. This is a key point to experience firsthand during different times of day.
3. The assessed value seems low compared to city averages. Is this a concern?
Not necessarily. The assessment is notably above average for the Chalmers neighbourhood itself, indicating it's a solid property within its immediate context. The lower citywide comparison reflects the neighbourhood's overall market position and the home's modest size, not an individual defect.
4. What are the implications of not having a garage?
Buyers should plan for street parking or the potential cost of adding a driveway and/or a garage in the future. The large lot does provide space for such an addition, subject to local bylaws and permits.
5. The home sold recently in 2022. What does that suggest?
The sale two years prior indicates a relatively short ownership period. It’s wise to inquire about the reason for the sale and to review any disclosures about work done during that time, as it can provide context for the current condition and valuation.
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