Property Overview
This one-and-a-half storey home on Larsen Avenue in Winnipeg's Chalmers neighbourhood presents a straightforward opportunity centered on its land and location. Built in 1914, the 897 sqft house sits on a 3,299 sqft lot and features a detached garage and an unrenovated basement. Its key appeal lies in its relative affordability and its position on a street where the property's lot size is notably above average compared to immediate neighbours. The home suits a practical buyer—perhaps a first-time purchaser, an investor, or a hands-on renovator—who sees value in the underlying asset and location over a move-in-ready condition. It's a property for those comfortable with a project, where the equity may be built through future updates rather than purchased upfront.
Frequently Asked Questions
What does "above average for land area on Larsen Avenue" mean?
Compared to other homes on the same street, this property's lot size (3,299 sqft) ranks in the top 18%, meaning it is larger than most of its immediate neighbours. This is its strongest comparative metric.
Is the basement finished or usable?
The listing specifies the basement exists but is "not renovated." Buyers should anticipate it being in original or utility condition, requiring work to become finished living space.
How recent are the sale history details?
The last recorded sale was in June 2019 for $17,700. The current assessed value is $19,100.
How does this home compare to Winnipeg averages?
While competitive on its own street and in Chalmers for lot size and value, the home is below the Winnipeg city-wide averages for living area, lot size, and year built. This highlights its position as a more compact, character home in an established area.
What is the significance of the assessed value being much lower than the city-wide average?
The city-wide average assessed value noted ($390k) includes all property types and sizes across Winnipeg. This home's significantly lower assessment reflects its smaller size, age, and likely its unrenovated state, indicating a lower tax assessment and an entry-level price point.