Property score
35.5
Below average
Overall 35.5 · Smaller than most nearby homes
692 sqft (bottom 19%) · Built in 1925 (9 yrs older than avg)
Located in a average-income area with median household income of ~60.4k
Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 1 school, 2 parks, and 2 place of worships nearby
Living Area
Below average
27% smaller than neighborhood avg.
Year Built
Near average
9 yrs older than neighborhood avg.
Mother tongue
English · 76%Tagalog · 3%
Past 10 years Chalmers sales snapshot (~80% of all data)
1,193
206.3k
$226/sqft
1934
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
35.5 is composed by the two sections below.
Property Score
Community Score
Chalmers
How to read: Share of sales in each ~$50k price band for “chalmers” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110896
$60K
Median household income
$65K
Average household income
18%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
35%
Single-person households
20%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
218 Larsen Avenue — 7 amenities found within 500 m, across 5 categories, including 1 dining (nearest 446 m), 1 education (nearest 381 m), 2 parks (nearest 233 m).
Chalmers · WPS public data · 2026
Annual incidents
67
2026
vs. city avg
+127%
relative to avg
Year-over-year
▼ -94%
vs. prior year
Primary type
Property
51%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 35% | Bottom 37% | Bottom 7% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 218 Larsen Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1925, situated on a notably generous 3,300 sqft lot in the Chalmers neighbourhood. Its primary appeal lies in the combination of a renovated basement and a detached garage, offering both modernized living space and practical storage or workshop potential. The lot size is a significant asset, ranking in the top 10% for the street, which provides ample outdoor space and future possibilities that are uncommon for homes of this vintage and style.
The home itself, with 692 sqft of living area, is modest in size. This makes it most suitable for first-time buyers, downsizers, or investors seeking a manageable, entry-level property with a solid foundation. Its assessed value is very reasonable for the area, indicating a lower property tax burden. A thoughtful perspective for buyers is to see this not just as a small house, but as a valuable parcel of land with a functional dwelling. The renovated basement effectively adds usable space, making the overall footprint more practical than the main floor square footage alone suggests.
Frequently Asked Questions
1. Is the lot size a real advantage for a home this size?
Yes. The 3,300 sqft lot is significantly larger than many neighbouring properties and offers valuable flexibility. It provides generous yard space and potential for additions, gardens, or outdoor living areas that you wouldn't typically expect with a home of this era and square footage.
2. Who would this property best suit?
It's an ideal starter home due to its price point and manageable size. It would also be a practical choice for empty-nesters looking to downsize without sacrificing outdoor space, or for an investor seeking a rental property with a stable, long-term tenant base in a established neighbourhood.
3. What does "renovated basement" typically mean for a 1925 home?
While specifics should be verified, this usually indicates foundational upgrades like modern insulation, moisture control, and finished living space. It's a key feature that adds year-round functionality and can offset the smaller main floor area.
4. How does the assessed value compare to the sale price?
The home last sold in September 2022 for $17,500 and currently holds an assessed value of $19,300. This suggests the municipal assessment is in line with recent market activity, but the current market value would be determined by present conditions.
5. Are older homes like this expensive to maintain?
A home from 1925 will require attentive maintenance. However, key updates like a renovated basement are positive signs. Prospective buyers should prioritize a thorough inspection focusing on the roof, foundation, electrical, and plumbing systems to understand any upcoming investments.
