Property Overview: 559 Larsen Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1920 on a standard city lot in the Chalmers neighbourhood. Its key characteristic is its modest scale, with a living area of 630 sqft, which is notably smaller than most homes on its street and across Winnipeg. The lot size of 2,490 sqft is also below average for the area. There is no basement, pool, or garage.
The primary appeal lies in its affordability and simplicity. With a low assessed value and a recent sale price under $20,000, it represents one of the most accessible entry points into homeownership in the city. This isn't a property for those seeking space or modern amenities; instead, it suits a very specific buyer. It would be ideal for an investor looking for a straightforward rental property, a hands-on individual interested in a minimalistic living project, or a buyer who values land ownership in a established neighbourhood over the size or condition of the existing structure. A thoughtful perspective is that its very small footprint could translate to extremely low utility and maintenance costs, offering a unique form of financial efficiency. Its age and size position it as a "blank slate," potentially appealing to someone with a vision for a creative renovation or expansion, subject to local regulations.
Section 2: Frequently Asked Questions
1. Why is the price so low compared to other homes?
The price reflects the home's very small size (630 sqft), its age (built in 1920), and the lack of additional features like a basement or garage. It is priced as a land-value proposition with a basic existing structure.
2. What type of renovation would this home need?
Given its age and size, buyers should budget for comprehensive updates. This likely includes modernizing electrical and plumbing systems, improving insulation, and addressing any foundational or structural concerns common in century-old homes. The layout may also feel cramped by modern standards.
3. Is the land large enough to expand the house or rebuild?
The lot is 2,490 sqft, which is below average for the area but may still allow for an addition or a rebuild, depending on Winnipeg's zoning bylaws and setback requirements. This would be a key question for the city's planning department.
4. How does the lack of a basement affect utility and storage?
Without a basement, mechanical systems like the furnace and water heater will be on the main floor, consuming living space. It also eliminates traditional storage and laundry areas, which would need to be accommodated on the single floor.
5. What is the neighbourhood like?
The home is in Chalmers, an older, established neighbourhood in Winnipeg. The nearby properties on Larsen Avenue are a mix of similarly aged, modest homes. Prospective buyers should visit at different times to assess the street's character and proximity to local amenities.