Property score
34.6
Below average
Overall 34.6 · Smaller than most nearby homes
583 sqft (bottom 4%) · Built in 1913 (21 yrs older than avg)
Located in a average-income area with median household income of ~58.4k
Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 6 schools, 1 park, and 1 place of worship nearby
Living Area
Below average
39% smaller than neighborhood avg.
Year Built
Below average
21 yrs older than neighborhood avg.
Mother tongue
English · 75%Tagalog · 6%
Past 10 years Chalmers sales snapshot (~80% of all data)
1,193
206.3k
$226/sqft
1934
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34.6 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: #46110934
$58K
Median household income
$73K
Average household income
20%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.2
P90 / P10 ratio
39%
Single-person households
16%
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
505 Washington Avenue — 8 amenities found within 500 m, across 3 categories, including 6 education (nearest 273 m), 1 parks (nearest 338 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 27% | Bottom 38% | Bottom 7% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 5% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
505 Washington Avenue is a compact, one-storey home built in 1913, situated on a standard-sized lot in Winnipeg's Chalmers neighbourhood. Its key appeal lies in its position as an entry-point property with a very low assessed value, offering a rare opportunity for land ownership and basic shelter at a minimal cost. The home has a small living area of 583 sqft, an unrenovated basement, and no garage.
This property would primarily suit a specific type of buyer: investors or handy purchasers looking for an ultra-affordable asset, likely as a rental property, a tear-down candidate for future rebuilding, or a long-term land hold. It is not suited for those seeking move-in-ready comfort or ample space. A thoughtful perspective is that, while its metrics rank below average in almost every category, this very fact defines its niche—it is a purely functional property for whom cost is the absolute primary concern. Its recent sale price of $17,700 also suggests it may appeal to those with very limited financing options or who wish to avoid a large mortgage.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's age, very small living area, and lack of renovations. It is priced as a basic structure on a lot, not for its amenities or condition.
2. What does "below average" ranking for Year Built mean for me?
Built in 1913, the home is significantly older than most. Buyers should budget for potential maintenance issues common with century-old homes, such as outdated wiring, plumbing, or insulation, unless it has been updated.
3. The lot size is average for the area, but the house is small. Can I expand?
The average lot size for the street and neighbourhood suggests there may be physical space to expand. However, any addition would require checking local zoning bylaws and is only worthwhile if the foundation and structure of the existing home are sound.
4. Who would this property not be a good fit for?
It is not a good fit for families needing space, anyone unable to handle renovation projects, or buyers prioritizing neighbourhood comparables with modern features. The lack of garage and unrenovated basement also limit its utility.
5. The sale history shows a price drop from $110k in 2020 to $17.7k in 2022. What does this indicate?
Such a significant drop typically indicates a change in circumstance or property condition. It could relate to a distressed sale, a major issue discovered, or a market correction for a highly unique, minimal property. Due diligence, including a full inspection and title search, is essential.
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