Property Overview
This one-and-a-half storey home on Larsen Avenue in Chalmers presents a distinct profile. Built in 1912, its key characteristic is a generous 1,664 sqft of living space, which ranks in the top 3% for the neighbourhood, offering significantly more interior room than most comparable homes. The property sits on a 3,299 sqft lot and features a renovated basement. Its assessed value is modest and in line with the immediate area.
The appeal lies in the rare combination of substantial interior space at a very accessible price point. It suits practical buyers looking for a character home with room to grow, without the premium typically attached to larger square footage. It’s particularly well-suited for a first-time buyer or an investor who values function over curb appeal and is comfortable with the maintenance considerations of an older home. A thoughtful perspective is that this property represents an opportunity to own a "large" home in a modest setting, where your investment is primarily in the usable living area rather than the land or a recent build date.
Frequently Asked Questions
1. What does "renovated basement" likely mean for a 1912 home?
Given the age, this typically indicates functional updates like moisture control, insulation, electrical, and finished surfaces to create livable space. It’s wise to inquire about the scope, permits, and the condition of the foundational structure and plumbing.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the local market in Chalmers and is consistent with similar homes on Larsen Avenue. It highlights that property values in this specific area are substantially below the Winnipeg average, which is a key factor in the home's affordability.
3. With no garage, what are the parking options?
The property listing indicates no garage. Buyers should verify on-street parking regulations and the potential to add a driveway or parking pad, subject to local bylaws and available space on the lot.
4. How significant is the "Elite" ranking for living area?
It's very significant for the location. It means this home offers roughly 75% more living space than the typical comparable home in Chalmers. This is the property's standout feature and suggests a layout that may include finished attic space or a more substantial original footprint.
5. What should I prioritize in a home inspection for a house built in 1912?
Beyond standard inspections, focus on the age and condition of major systems: wiring (knob-and-tube may still be present), plumbing (original cast iron or galvanized pipes), the roof structure, foundation integrity, and the effectiveness of the basement renovation in managing moisture. The recent renovation should also be reviewed for compliance.