Property score
35.0
Below average
Overall 35.0 · Smaller than most nearby homes
650 sqft (bottom 11%) · Built in 1920 (14 yrs older than avg)
Located in a average-income area with median household income of ~60.4k
Transit 86.0 · 3-min walk to transit with 4 nearby routes · Within 500m: 2 parks, and 2 place of worships nearby
Living Area
Below average
32% smaller than neighborhood avg.
Year Built
Near average
14 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
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35.0 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
273 Larsen Avenue — 4 amenities found within 500 m, across 2 categories, including 2 parks (nearest 265 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 42% | Top 47% | Bottom 11% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 1920-built, one-storey home at 273 Larsen Avenue in Winnipeg's Chalmers neighbourhood presents a specific and compelling value proposition. Its key appeal lies in the combination of a renovated basement and a detached garage on a lot that is notably spacious for its street and area. At approximately 3,300 sqft, the land parcel is above average for Larsen Avenue and typical for Chalmers, offering room for gardening, play, or expansion. However, the 650 sqft living area is compact, placing it well below average for the city. This creates a unique profile: a home with significant outdoor space and a modernized lower level, but with modest main-floor square footage. The most recent sale was in July 2021 for $200,000.
This property would suit a pragmatic first-time buyer, an investor looking for a rentable property with a good land-to-building ratio, or someone seeking an affordable entry into a neighbourhood with the potential to expand the living space in the future. Its charm is not in grandeur, but in its solid fundamentals—updated essentials, private outdoor space, and a garage—at an accessible price point.
Frequently Asked Questions
Q: Is the house too small?
A: At 650 sqft on the main floor, the living space is compact. The appeal hinges on the use of the renovated basement to effectively double the usable area. Buyers should view it as a bungalow with a full, finished lower level.
Q: How does the lot size compare?
A: The lot is a strong feature. At 3,299 sqft, it's larger than most on Larsen Avenue itself (top 18%) and is typical for the wider Chalmers area. This is a significant asset compared to many newer infill properties.
Q: What does the "renovated basement" include?
A: The listing confirms the basement is renovated but does not specify finishes or layout. This is a key detail to clarify with the selling agent, as it determines whether it's a liveable family space, a rental suite, or simply a modernized rec room.
Q: Why is the assessed value so much lower than the sale price?
A: The $19,500 assessed value is for municipal tax purposes only and is not a market valuation. It reflects a historical formula. The 2021 sale price of $200,000 is the relevant market indicator.
Q: Are older homes like this a concern?
A: Built in 1920, the home's major systems (roof, wiring, plumbing, foundation) should be a primary focus for inspection. The upside of an older home in this context is often proven, durable construction and a neighbourhood with established character.
