Property score
42.0
Below average
Overall 42.0 · Smaller but newer than most nearby homes
745 sqft (bottom 27%) · Built in 1954 (20 yrs newer than avg)
Located in a average-income area with median household income of ~62k
Transit 92.0 · 2-min walk to transit with 7 nearby routes · Within 500m: 1 school, 5 parks, 2 place of worships, and 1 government office nearby
Living Area
Below average
22% smaller than neighborhood avg.
Year Built
Above average
20 yrs newer 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
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42.0 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
514 Talbot Avenue — 9 amenities found within 500 m, across 4 categories, including 1 education (nearest 83 m), 5 parks (nearest 117 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 36% | Top 22% | Bottom 22% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 514 Talbot Avenue, Winnipeg
Key Characteristics & Appeal
This 745 sqft, one-storey home on a large 5,813 sqft lot in Chalmers presents a specific and compelling value proposition. Its key appeal lies in the significant disconnect between its modest, renovated living space and its substantial, above-average lot size. While the house itself is smaller than most in the area, city, and even on its own street, it sits on a property lot that ranks in the top 4% of the Chalmers neighborhood. This combination suggests potential for expansion, gardening, or outdoor living that is rare for the area.
The home is suited for first-time buyers, downsizers, or investors seeking a manageable footprint with a renovated basement and a detached garage. Its recent sale price indicates it trades at a notable discount compared to the city-wide average, offering an accessible entry point into the market. The above-average year of build (1954) for the immediate area is a practical advantage, potentially meaning fewer concerns with outdated infrastructure common in older homes. This isn't a luxury property, but a grounded opportunity centered on land value and a solid, updated foundation.
Frequently Asked Questions
1. Is the house too small?
At 745 sqft, the living area is below average for the street, neighborhood, and city. It’s a compact layout best for individuals, couples, or those comfortable with efficient living. The renovated basement adds functional space.
2. What is the main advantage of this property?
The lot size is the standout feature. At over 5,800 sqft, it is significantly larger than most in Chalmers (top 4%), offering private outdoor space and future potential that smaller lots do not.
3. How does its value compare?
The home recently sold for $250,000, which is well below the city-wide average sale price. Its assessed value is modest, suggesting lower property taxes, but it holds a stronger value position within its own neighborhood.
4. What does "above average year built" mean for a 1954 home?
While 1954 may seem older, it's actually newer than the average home in Chalmers. This relative comparison can mean updates to core systems may have occurred sooner, and the property might align better with modern building practices than many of its neighbors.
5. Who would this property not suit?
It would likely not meet the needs of a growing family requiring substantial immediate indoor space, or a buyer seeking a premium, turn-key home in a high-value district. Its appeal is based on practicality, lot potential, and value.
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