Property Summary: 135 Larche Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This 1973 bungalow in Radisson presents a compelling case for value-focused buyers. Its primary appeal lies in a significant land-to-building ratio. The property sits on an 8,408 sqft lot, which is exceptionally large for both the street (top 4%) and the wider neighborhood (top 3%), offering ample outdoor space and future potential that is rare in this market.
With 833 sqft of living space, the house itself is more modest and functional than expansive, ranking below area averages. This creates a specific dynamic: you are purchasing a premium-sized lot with a comfortable, efficient home on it. The assessed value of $360k is strong for its immediate area (top 10% on the street and in Radisson), suggesting the property is already well-recognized for its underlying land value.
This home would suit a first-time buyer, downsizer, or investor who prioritizes lot size over square footage. It’s ideal for someone who values a large yard for gardening, pets, or private outdoor living, and is comfortable with a cozy, manageable interior. The data indicates you’re buying into a stable, established street where this property stands out for its land holding, not its interior size.
Section 2: Frequently Asked Questions
1. Is the house too small for the price?
The price reflects the value of the land more than the house. You are primarily investing in a large, desirable lot in a established neighborhood. The living space is efficient, making it suitable for 1-2 people comfortably.
2. How does the assessed value compare to the likely selling price?
The assessed value ($360k) is above the local averages, indicating the city recognizes the property's premium lot size. Recent sold prices on the street (between $300k-$350k) provide a market benchmark, but the exact sale price will depend on current demand for homes with large lots.
3. What does the "Elite" ranking for year built mean?
Built in 1973, this home is newer than 95% of comparable properties in Radisson. This suggests major systems (roof, foundation) may be in relatively better condition than many older neighborhood homes, though a specific inspection is still essential.
4. What could the large lot be used for?
Beyond a spacious yard, the lot size offers long-term flexibility. It could accommodate additions like a large garage, workshop, or deck. It's always wise to check City of Winnipeg zoning bylaws for any development potential.
5. How can I get the exact past sold prices for this home?
The site provides sold price ranges. For fully verified, exact historical sale figures, you must request them via email from the site administrators, as they manually look up non-MLS records.