Property Overview: 521 Larsen Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1914, presents a practical opportunity in Winnipeg's Chalmers neighbourhood. Its key appeal lies in its efficient, above-average living space (1,073 sq ft) for the immediate area, offering more room than many neighbouring homes. It features a detached garage and sits on a modest, manageable lot.
The property suits first-time buyers or practical investors looking for an entry point into the market with a functional amount of space. Its assessed value is very typical for Larsen Avenue and Chalmers, suggesting a straightforward, no-surprises valuation in line with local norms. A thoughtful perspective for the right buyer is the home's established location: while the lot is smaller than the city average, it translates to less exterior maintenance. Additionally, its "around average" metrics on the street indicate a stable, non-speculative piece of the neighbourhood, insulated from the extremes of the wider city market.
Section 2: Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 1,073 sq ft, the living area is above average for both Larsen Avenue and the broader Chalmers neighbourhood, meaning it offers more interior space than most comparable local properties.
2. Is the assessed value typical for the area?
Yes. The home's assessed value is squarely around the average for both the street and the Chalmers area, indicating it is priced in line with local market norms.
3. What should I know about the lot size?
The land area is smaller than average for the street, neighbourhood, and especially the city. This is a consideration if outdoor space is a priority, but it also means less yard work and potentially lower landscaping costs.
4. How does this home compare to the Winnipeg market overall?
Citywide, this home is smaller, on a smaller lot, and has a lower assessed value than the typical Winnipeg property. This highlights its position as a more affordable, compact option within the city.
5. Have there been recent sales on this street?
The provided data shows two sales for this specific address in recent years (2021 and 2018), indicating an active sales history. Nearby comparable listings on Larsen Avenue are also noted, which can be useful for direct comparison.