371 Larsen Avenue

Property Overview & Appeal

This two-storey home at 371 Larsen Avenue in Winnipeg's Chalmers neighbourhood presents a distinct profile. Its key characteristic is being a modern outlier in an older area. Built in 2016, it is newer than over 95% of homes on its street and in the wider neighbourhood. With over 2,000 sqft of living space, it is exceptionally large for the locale, ranking in the top 1% for size both locally and city-wide. The home sits on a standard city lot and features a renovated basement. Notably, it does not include a garage.

The appeal lies in acquiring a relatively new, spacious, and modern home without the premium typically associated with newer suburban developments. It suits buyers seeking low-maintenance, contemporary living within an established community, and who do not require a private garage. A thoughtful perspective is the financial efficiency it represents: the assessed value is among the highest in the immediate area, suggesting a solid investment in a neighbourhood where such modern inventory is rare, yet the 2016 sale price indicates potential for significant equity growth.

Frequently Asked Questions

1. Is the lack of a garage a significant drawback?
While the home has no garage, its recent build date means it was constructed under modern standards, likely including sufficient electrical capacity and space to add a garage later, subject to permits. On-street parking is typical for the area.

2. Why is the assessed value so high compared to neighbouring homes?
The assessment reflects the home's modern construction, significant size, and renovated basement—attributes that are exceptional for Chalmers. It is assessed among the top 1% of properties in the neighbourhood, aligning with its status as a newer, substantially larger home.

3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify finishes or layout. This should be verified during a viewing to understand if it's a finished living space, a modern utility area, or a combination.

4. How does the lot size compare?
At 3,298 sqft, the lot is around average for Larsen Avenue and the Chalmers neighbourhood. This is a standard city lot, providing typical outdoor space but not an unusually large yard.

5. The home sold in 2016 for $32,900—is that accurate?
Yes, that was the sale price at the time of its initial construction. The substantial increase to its current assessed value of $45,300 highlights the appreciation and equity established in less than a decade.