Property score
42.3
Below average
Overall 42.3 · Compared with neighbourhood average
843 sqft (bottom 42%) · Built in 1914 (20 yrs older than avg)
Located in a average-income area with median household income of ~58.4k
Transit 94.0 · 1-min walk to transit with 4 nearby routes · Within 500m: 1 dining spot, 4 schools, 2 parks, and 1 place of worship nearby
Living Area
Near average
12% smaller than neighborhood avg.
Year Built
Near average
20 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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42.3 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
506 Bowman Avenue — 8 amenities found within 500 m, across 4 categories, including 1 dining (nearest 436 m), 4 education (nearest 450 m), 2 parks (nearest 218 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 43% | Top 41% | Bottom 13% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 47% | Top 49% | Bottom 10% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
506 Bowman Avenue is a classic one-storey home in Winnipeg's Chalmers neighbourhood, built in 1914. With 843 sqft of living space and a detached garage, it sits on a 2,948 sqft lot. The home presents a straightforward, no-frills opportunity. Its primary appeal lies in its position as a statistically average home within its immediate area—it is consistently ranked in the middle of the pack for size, value, and lot size among its neighbours on Bowman Avenue and in Chalmers. This suggests a stable, established setting without premium pricing.
The property would suit practical buyers looking for an entry point into a mature neighbourhood, or perhaps an investor seeking a rental property with a classic layout. It’s important to note that while the home is average for its local area, its living space and lot size are below the city-wide average, highlighting its value as a more compact, manageable property. The unrenovated basement indicates potential for future customization or simply ample storage. A thoughtful perspective is that this home offers the chance to own a piece of the neighbourhood's character (it's older than most on its street) without standing out, appealing to those who value community consistency over standout features.
Frequently Asked Questions
1. How does this home compare to others in the city?
While it is average for the Chalmers area, this home is below the Winnipeg city-wide averages for living area, lot size, and year built. This reflects its position as a more compact, established property in a mature neighbourhood, often translating to a more accessible price point.
2. What does the "unrenovated basement" mean?
This typically indicates the basement is in original or functional condition, but not modernized. It offers usable space and storage, but any finished living area or high-end amenities would be a project for a future owner.
3. Is the assessed value a good indicator of the sale price?
Not directly. The assessed value for municipal taxes is $18,500, but the home last sold for $210,000 in late 2024. Assessed value is for taxation purposes and is usually significantly lower than market value, which is determined by recent sales, condition, and demand.
4. The home is over 100 years old. What should I consider?
While the structure has proven its durability, a pre-purchase inspection is essential. Focus on the foundation, plumbing, electrical systems, and roof. An older home like this can be solid, but may require updates to mechanical systems.
5. How does the lot size impact the property?
At just under 3,000 sqft, the lot is smaller than the city average but typical for the street. This means lower maintenance outdoors but limited space for major expansions or additions. It supports a detached garage and modest yard space.
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