Property Overview: 335 Larsen Avenue, Winnipeg
Key Characteristics & Appeal
This 1930 one-storey home in Chalmers presents a practical opportunity centered on its land and location. The 3,298 sqft lot is a key asset, offering above-average outdoor space for the immediate street and neighbourhood. While the 712 sqft living area is compact, the home features a renovated basement, adding functional space, and includes a detached garage. Its recent sale price positions it as a more accessible entry point within the city.
The appeal lies in its efficient use: it’s a property where the value is grounded more in the land and its potential than in the size of the existing structure. It would suit a first-time buyer comfortable with a smaller, character home, or an investor looking for a manageable rental property with a good lot size. A thoughtful perspective is that this home represents a "blank canvas" scenario—its below-average living area for the city means future expansions or renovations could significantly increase its value without immediately over-improving for the area.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.
2. How does the lot size compare to nearby properties?
The land area is in the top 36% on Larsen Avenue itself, meaning it's larger than many direct neighbours. This is a relative strength in the local context.
3. What does the assessed value indicate?
The assessed value is above average for the street but below the citywide average. This typically reflects the home's age, size, and neighbourhood, rather than its market sale price, which was higher.
4. What is the neighbourhood of Chalmers like?
Chalmers is an established, older neighbourhood in Winnipeg. The property's metrics (like year built) are very typical for the area, suggesting a stable, mature community character.
5. Are there any concerns with a home built in 1930?
While the home has been maintained, as evidenced by the renovated basement, buyers should budget for potential updates common to houses of this era, such as older windows, plumbing, or electrical systems. A thorough inspection is advised.