Property Overview: 290 Larsen Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home on a 3,299 sqft lot in Chalmers presents a practical opportunity, particularly for its land value. Built in 1928, its key updated feature is a renovated basement, adding usable space beyond the 876 sqft main floor. It includes a detached garage.
The primary appeal lies in its context. The lot size is above average for its immediate street and in-line with the neighbourhood, suggesting a good amount of outdoor space for the area. However, the data reveals a thoughtful perspective: this property represents a distinctly urban scale. Its lot and living space are significantly below the city-wide average, positioning it not as a sprawling home, but as an efficient, lower-maintenance holding in a long-established community. It suits a value-conscious buyer—perhaps a first-time homeowner, an investor, or someone looking to downsize—who prioritizes location and lot size over a large interior footprint. The recent sale in late 2023 indicates a turn-key property, and the renovated basement adds immediate functional value.
Frequently Asked Questions
Q: How does the lot size compare practically?
A: At 3,299 sqft, the lot is larger than many on Larsen Avenue and typical for Chalmers, offering decent yard space. It is, however, about half the size of an average Winnipeg lot, which is an important consideration if you're comparing to newer suburban areas.
Q: What does the assessed value indicate?
A: The assessed value is significantly below the city-wide average, which generally reflects the home's age, size, and neighbourhood. It's important to note this is for municipal tax purposes; the recent sale price of $22.5k is the relevant market value.
Q: Is the living space sufficient?
A: At 876 sqft, the main floor living area is average for the street and neighbourhood but compact by broader city standards. The renovated basement is a key factor, effectively increasing the total usable living area.
Q: Who might this property not suit?
A: It may not suit those seeking a large, modern interior without significant further renovation, or buyers who prioritize a home with features like a main-floor garage or a very large private yard.
Q: What is the neighbourhood context like?
A: The nearby reference properties on Martin Avenue, of similar vintage and value, suggest a consistent, mature streetscape. The close proximity of neighbouring homes on Larsen is typical for the area's built era.