Property Overview: 443 Larsen Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Chalmers presents a practical and value-conscious opportunity. Its key features include a renovated basement, a detached garage, and a notably generous 3,298 sqft lot, which is larger than many in the immediate area. Built in 1925, the house itself is compact at 764 sqft of living space, a layout typical of its era.
The primary appeal lies in its balance of a sizable, usable yard with a home that has seen foundational updates, most notably in the basement. It suits first-time buyers seeking an entry point into the market with outdoor space, or investors looking for a manageable rental property. The recent sale price of $250k positions it as an accessible option, especially for those who value land size over square footage. A thoughtful perspective is that while the living area is modest, the large lot offers clear potential for future expansion or outdoor living, something not always available in this price range. It’s a property that prioritizes land and location, offering a canvas for the right buyer.
Section 2: Frequently Asked Questions
1. How does the lot size compare?
The 3,298 sqft lot is a standout feature, ranking in the top 36% on Larsen Avenue itself. It is larger than the average lot for both the street and the broader Chalmers neighbourhood.
2. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but the specific scope and quality of finishes are not detailed. This would be a key point for a home inspection and discussion with the seller to understand the work done.
3. Is the assessed value a good indicator of the sale price?
Not directly. The home recently sold for $250k, significantly above its $21,200 assessed value. In Manitoba, assessed value is for municipal tax purposes and often lags behind current market values.
4. What is the neighbourhood context of Chalmers?
The home’s sale price ranked in the top 23% for the Chalmers neighbourhood, indicating it sold for more than many area homes. This suggests it was viewed as a desirable property within this community.
5. Are comparable homes larger?
Yes. Data shows comparable homes on the same street average about 937 sqft of living area, making this home’s 764 sqft layout more compact. This highlights a trade-off: you gain a larger-than-average lot but with a smaller interior footprint.