Property Overview: 484 Larsen Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1915, presents a practical opportunity in Winnipeg's Chalmers neighbourhood. With 898 square feet of living space and a 3,298 sqft lot, its size is very typical for the immediate area but sits below the city-wide average, positioning it as a more manageable property. A key characteristic is the unrenovated basement, indicating potential for future customization or storage, and the home includes a detached garage.
Its primary appeal lies in its established neighbourhood context and value proposition. The home's assessed value ranks above average for Larsen Avenue itself, suggesting it is viewed favorably within its specific streetscape of similar vintage homes. It suits first-time buyers looking for an entry point into homeownership without the scale or price of a larger modern house, or practical investors seeking a character rental in a long-standing community. A thoughtful perspective is that while its city-wide rankings for size and value are below average, this reflects its authentic place in a core neighbourhood—offering a simpler footprint and a chance to be part of a community's history rather than a standout new build.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 898 sqft, the living area is very close to the average for both Larsen Avenue and the broader Chalmers neighbourhood, but is notably smaller than the Winnipeg city-wide average for homes.
2. What does the "unrenovated basement" mean?
This indicates the basement remains in its original or older state, without recent upgrades or finishing. It provides functional space and storage but presents a future opportunity for customization.
3. Is the assessed value high for the area?
The assessed value is above the average for Larsen Avenue itself, but aligns more closely with the typical value seen across the Chalmers neighbourhood.
4. How old is the home, and is that typical?
Built in 1915, the home is over a century old. This is typical for its street and neighbourhood, where many homes were built in the early 20th century.
5. What is the land size, and are there expansion possibilities?
The lot is 3,298 sqft, which is standard for the area. Any potential for expansion, like an addition or a new garage, would be subject to the lot's dimensions and local zoning bylaws.