Property score
37.6
Below average
Overall 37.6 · Smaller than most nearby homes
741 sqft (bottom 26%) · Built in 1913 (21 yrs older than avg)
Located in a average-income area with median household income of ~60.4k
Transit 86.0 · 4-min walk to transit with 4 nearby routes · Within 500m: 1 park nearby
Living Area
Below average
22% smaller than neighborhood avg.
Year Built
Below average
21 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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37.6 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
289 Larsen Avenue — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 283 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 14% | Bottom 25% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 289 Larsen Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1913 on a generously sized lot in the Chalmers neighbourhood. Its primary appeal lies in its land value and potential. The 3,299 sqft lot is notably larger than most on its street and in the immediate area, offering space for gardening, expansion, or future redevelopment. The home itself is modest at 741 sqft of living space with an unrenovated basement and no garage, positioning it as an affordable entry point into the market.
Its value is for a specific buyer: an investor, a hands-on first-time buyer, or someone seeking a land-opportunity. The very low assessed and recent sale values reflect the home's age and condition, meaning the price is primarily for the land and the structure's shell. It suits those willing to undertake renovations or who view it as a long-term hold in a neighbourhood where the land component is a strong asset. A less obvious perspective is that its older age and smaller size could mean lower utility costs and simpler, more manageable upkeep for a minimalist lifestyle or a strategic investment property.
Frequently Asked Questions
1. Is this a tear-down property?
Not necessarily. While the land is a significant portion of the value, the home is still standing and functional. It could be a candidate for a full renovation, an addition leveraging the large lot, or eventual replacement, depending on the buyer's goals and budget.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the specific characteristics of this home—its smaller size, age, and condition—within its neighbourhood market. City-wide averages are skewed by newer, larger homes in different areas. Here, the value is more aligned with local Chalmers benchmarks.
3. What are the main considerations for renovating?
Key points are the unrenovated basement, which presents both cost and opportunity, and the home's age (1913), which may require updates to electrical, plumbing, or insulation to modern standards. The large lot is a major asset for any expansion plans.
4. How does the lot size compare to nearby properties?
The lot is above average for both Larsen Avenue and the Chalmers neighbourhood. This is one of the property's standout features, as many nearby properties sit on smaller parcels of land.
5. Is there potential for adding a garage or parking structure?
Given the lot's dimensions relative to the home's footprint, there is likely space for a driveway or detached garage, subject to local zoning and setback bylaws. The lack of an existing garage is a consideration but also an opportunity for customization.
