329 Larsen Avenue

Chalmers, Winnipeg

Property score

47.4

Below average

Overall 47.4 · Compared with neighbourhood average

953 sqft (top 43%) · Built in 1914 (20 yrs older than avg)

Located in a above-average income area with median household income of ~65.5k

Transit 76.0 · 6-min walk to transit with 4 nearby routes · Within 500m: 1 park nearby

Living Area

Near average

0% smaller than neighborhood avg.

Year Built

Near average

20 yrs older than neighborhood avg.

Mother tongue

English · 78%Tagalog · 8%

Past 10 years Chalmers sales snapshot (~80% of all data)

Sold Count

1,193

Median price

206.3k

$/sqft

$226/sqft

Avg build year

1934

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Property score

47.4 is composed by the two sections below.

Property Score

37.2Low
Living Area953 sqft42Low
Year Built191416Low
Lot Size3,298 sqft38Low
Neighbourhood Sales Activity61Fair

Community Score

62.6Fair
Household Income68Good
Education Level34Low
Housing Stress74Good
Core Housing Need76Good
Employment Health68Good

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110895

Community deep dive

$66K

Median household income

$78K

Average household income

14%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.0

P90 / P10 ratio

29%

Single-person households

21%

Families with children

Population, labour & age

Population (2021)712
Labour force participation rate69%
Median age38.0
Avg household size2.4
Unemployment rate13%
Population density5476 / km²

Households & income

Low income (LIM-AT, % pop.)14%
Single-person households29%
Couple families with children21%
Median household income (2020)$66K

Housing

Renter households22%
Condominium dwellings0%
Median dwelling value (owners)$200K

Diversity, education & language

Immigrants (share of pop.)20%
Visible minority30%
Bachelor's or higher (25–64)17%
Mother tongue (1st)English · 77%
Mother tongue (2nd)Tagalog · 7%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
953 sqft
0255075100
Same streetTop 43%Same areaTop 43%CitywideBottom 21%
Same street · Larsen Avenue
#88 / 203
Top 43% · Avg 937 sqft
Same area · Chalmers
#1,223 / 2,815
Top 43% · Avg 953 sqft
Citywide · Winnipeg
#152,708 / 194,458
Bottom 21% · Avg 1,342 sqft

Tax-Assessed Value

around average
181k
0255075100
Same streetBottom 41%Same areaBottom 37%CitywideBottom 6%
Same street · Larsen Avenue
#120 / 203
Bottom 41% · Avg 201.9k
Same area · Chalmers
#1,778 / 2,815
Bottom 37% · Avg 210.8k
Citywide · Winnipeg
#182,968 / 194,458
Bottom 6% · Avg 390.1k

Year Built

around average
1914
0255075100
Same streetBottom 49%Same areaBottom 47%CitywideBottom 11%

Lot Size

around average
3,298 sqft
0255075100
Same streetTop 36%Same areaTop 41%CitywideBottom 16%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

329 Larsen Avenue — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 367 m).

Search radius
🌳Parks1

Crime & Safety

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%

Sales History

Sold 12/2023CA$150k–200k
Sold price

Same street

Bottom 12%

Same area

Bottom 23%

City-wide

Bottom 4%

Related homes

Highlights & common questions: 329 Larsen Avenue, Winnipeg

Property Overview

This one-and-a-half storey home, built in 1914, presents a straightforward opportunity in Winnipeg's Chalmers neighbourhood. Its key appeal lies in its land value and location-specific context. With a 3,298 sqft lot, the property offers a generous parcel of land for the immediate area, ranking above average on its street and in the neighbourhood. The living space is a modest 953 sqft, and the home includes a basement that has not been renovated. There is no garage or pool.

The property suits a specific type of buyer: those looking for a land play, a renovation project, or an entry point into homeownership with a focus on future potential rather than immediate move-in condition. Its very low assessed and recent sale values indicate it is likely a fixer-upper. A thoughtful perspective is that while its metrics appear "below average" citywide, they are generally "around average" for its own street and neighbourhood, suggesting it is a typical property for this specific, more affordable part of Winnipeg. Its value is intrinsically tied to the land and the buyer's vision for improvement.

Frequently Asked Questions

1. Is this a teardown or a renovation project?
Given the age (1914), modest size, and the note of an unrenovated basement, the property is likely positioned as a major renovation project. The value is heavily weighted toward the land, but the existing structure could be updated depending on its condition and the buyer's goals.

2. Why is the assessed value so much lower than the citywide average?
The assessed value reflects the property's current state and market value within its specific location. Chalmers and this particular street have notably lower average property values compared to the entire city of Winnipeg, which includes many newer and more affluent areas.

3. What does the land size mean for me?
At 3,298 sqft, the lot is larger than many in the immediate vicinity. This provides more outdoor space than neighbouring properties and could allow for future additions, a garden, or landscaping projects that wouldn't be possible on a smaller lot.

4. The home sold recently. What does that indicate?
The sale in December 2023 for $15,300 suggests a very rapid turnover or an investment purchase. It underscores the property's status as a project and may indicate active interest in the block from investors or renovators.

5. Are the "below average" citywide rankings a concern?
Not necessarily for the right buyer. These rankings show the home is not comparable to the broader Winnipeg market, which is dominated by newer, larger suburban homes. Its "around average" standing within Chalmers itself means it is typical for this affordable, established neighbourhood.

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