Property score
51.2
Fair
Overall 51.2 · Larger than most nearby homes
1,112 sqft (top 24%) · Built in 1917 (17 yrs older than avg)
Located in a average-income area with median household income of ~60.4k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 2 parks, 2 place of worships, and 1 government office nearby
Living Area
Above average
17% larger than neighborhood avg.
Year Built
Near average
17 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
51.2 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
268 Larsen Avenue — 6 amenities found within 500 m, across 4 categories, including 1 dining (nearest 486 m), 2 parks (nearest 218 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 | Top 16% | Top 20% | Bottom 23% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 15% | Bottom 25% | Bottom 5% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 268 Larsen Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This one-and-a-half storey home, built in 1917, presents a practical opportunity centered on its location and lot. Its primary appeal lies in its position within the Chalmers neighbourhood, where it holds above-average rankings for both living area (1,112 sq ft) and land size (3,300 sq ft) compared to immediate neighbours. This suggests a relatively spacious interior and yard for the area. The home features a detached garage and an unrenovated basement, indicating a property that is functional but awaits modernization.
The profile suits value-conscious buyers looking for a foothold in a mature community. It’s particularly relevant for those interested in land potential, as the lot size is substantial for the street. The assessed value is modest, aligning with its unrenovated condition and age, making it a candidate for investors, first-time buyers willing to take on projects, or owners seeking a lower entry point with room to add value over time. A thoughtful perspective is that while the home is older, its above-average living space for the local area offers a tangible advantage over many nearby properties, providing more immediate utility than smaller counterparts.
Frequently Asked Questions
1. What does "above average for the street" really mean for this property?
The data shows that compared to other homes on Larsen Avenue, this property ranks in the top 20% for land area and the top 19% for living area. This means you are getting more space, both indoors and outdoors, than most of the immediate neighbours.
2. Is the basement finished or usable for storage?
The listing specifies the basement exists but is "not renovated." It should be considered unfinished utility space, suitable for mechanical systems and storage, but not as living area without significant work.
3. How recent are the sale prices listed, and what do they indicate?
The property sold twice recently: for $25.2k in June 2021 and $15.8k in January 2021. These rapid sales at low values are not typical of standard residential transactions and strongly suggest the property is being traded for its land value or as a tear-down, not for its existing structure.
4. What is the significance of the assessed value versus the sale prices?
The current assessed value is $23.3k, which is close to the most recent sale price. This assessment is dramatically below the Winnipeg citywide average, reflecting the home's condition and the neighbourhood's market. It indicates very low property taxes, but also that the value is primarily in the land.
5. Who would this property not suit?
It would not suit buyers seeking a move-in ready home, those unfamiliar with renovation projects, or anyone requiring modern amenities and finishes. Given the sales history, it is also likely not suited for someone looking for a long-term, stable investment in the structure itself, as the market appears to value the lot over the building.
