34.8
Below average
Property score
34.8
Below average
Overall 34.8
Older than most nearby homes
784 sqft (bottom 33%)
Built in 1907 (27 yrs older 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 2 place of worships nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
18% smaller than neighborhood avg.
Year Built
Below average
27 yrs older 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
34.8 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
509 Riverton Avenue — 11 amenities found within 500 m, across 5 categories, including 1 dining (nearest 483 m), 2 education (nearest 80 m), 5 parks (nearest 188 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 23% | Bottom 28% | Bottom 5% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 509 Riverton Avenue, Winnipeg
Key Characteristics & Appeal
This is a classic, one-storey home built in 1907, situated on a 2,748 sqft lot in the Chalmers neighbourhood. The property presents a straightforward opportunity centered on its land and location. With 784 sqft of living space, a detached garage, and an unrenovated basement, the house itself is modest and would benefit from updates.
The primary appeal lies in its position as an affordable entry point into the Winnipeg market. The assessed value is notably low, which can be attractive for property tax purposes. While the home's size and condition are below city-wide averages, they are more aligned with the local neighbourhood context, suggesting it fits the area's character. This property would suit a first-time buyer comfortable with a project, an investor looking for a land-value play, or someone seeking a manageable, no-frills home in a established community. A less obvious perspective is that a home of this age and modest assessment on a decent lot offers a degree of insulation from broader market volatility, representing a pragmatic rather than speculative purchase.
Frequently Asked Questions
1. What does "below average" for land area and living area actually mean for this home?
It means the lot and house are smaller than most in Winnipeg overall. However, within the immediate Riverton Avenue area and Chalmers neighbourhood, the size is much more typical, indicating you're looking at a home that fits the local streetscape rather than standing out.
2. Why is the assessed value so much lower than the last sale price?
The last sale was in 2016 for $160k. The current assessed value (listed as $19.30k) is for municipal tax purposes only and is not an indicator of market value. Market value is determined by recent sales of similar properties.
3. What should I expect with an "unrenovated" basement?
This typically indicates original or aged conditions. You should budget for potential updates to flooring, lighting, and possibly moisture management or insulation. It's advisable to have a thorough inspection to understand the foundation and plumbing/electrical systems.
4. Who would this property NOT be well-suited for?
It may not suit buyers looking for a move-in-ready home, those who need significant space, or anyone hesitant about taking on gradual renovation projects. The smaller living area and need for updates require a hands-on approach.
5. How significant is the age of the home (built 1907)?
It offers classic character but necessitates careful attention. While the structure has stood for over a century, key systems like wiring, plumbing, and insulation may need evaluation and modernization to meet contemporary standards and efficiency.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
