Property Overview: 123 Larche Avenue W, Winnipeg
Key Characteristics & Appeal
This 1973 bungalow in Radisson presents a compelling mix of space, value, and potential. Its most standout feature is the generous 8,417 sqft lot, which ranks in the top 3% of the neighborhood and top 10% city-wide. This offers significant outdoor space for gardening, recreation, or future expansion—a rare find compared to area averages. The home itself, at 833 sqft, is modest and efficient, sitting comfortably around the average for its immediate street. Its assessed value of $329k is consistently around the average benchmark for the street, neighborhood, and city, suggesting a fair market positioning.
The appeal here lies in a value proposition centered on land. It suits a first-time buyer or downsizer looking for a manageable home with ample yard space in a stable, established area. It’s also a practical candidate for a long-term holder who values the optionality that a large lot provides, whether for personal use or future value. A thoughtful perspective is that while the living space is smaller than many newer homes, the property’s age is actually an advantage in this context—built in 1973, it is newer than most in Radisson, potentially meaning fewer age-related issues than neighborhood peers.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
At 833 sqft, the living area is very close to the average for Larche Avenue W itself. It is, however, below the broader neighborhood and city averages, indicating a more compact and efficient layout compared to many Winnipeg homes.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value of $329k is consistently around the average for the street, neighborhood, and city, providing a solid benchmark. Recent sold prices on the street (falling within the $300k-$350k range) support this valuation as a realistic market starting point.
3. What is the significance of the large lot size?
The 8,417 sqft lot is a key asset. It far exceeds the typical lot on this street and in Radisson, offering more privacy, outdoor space, and potential for additions, sheds, or landscaping than most comparable properties.
4. How old is this home compared to others in the area?
Built in 1973, this home is actually newer than the average home in the Radisson neighborhood, which may suggest updated building materials or systems compared to many of its peers.
5. Where can I get verified historical sale price data for this property?
The site provides sold price ranges based on public data. For fully verified figures and a complete transaction history, you must request a manual lookup via email, as this information is not sourced from the MLS system.