Property score
41.1
Below average
Overall 41.1 · Smaller than most nearby homes
744 sqft (bottom 27%) · Built in 1944 (10 yrs newer 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
Below average
22% smaller than neighborhood avg.
Year Built
Near average
10 yrs newer than neighborhood avg.
Mother tongue
English · 78%Tagalog · 8%
Past 10 years Chalmers sales snapshot (~80% of all data)
1,193
206.3k
$226/sqft
1934
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41.1 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: #46110895
$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
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
338 Larsen Avenue — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 360 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 26% | Bottom 32% | Bottom 6% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 338 Larsen Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-and-a-half storey home built in 1944 on a standard city lot in the Chalmers neighbourhood. Its key appeal lies in its position as an affordable entry point into the Winnipeg market, with an assessed value significantly below the citywide average. The home features a detached garage and a notably modest living space of 744 square feet, which is below average for the area.
The property would best suit a first-time buyer, an investor, or someone looking for a downsized, low-maintenance footprint. Its older vintage offers character and potential for renovation, while the lot size is consistent with the street, providing typical outdoor space for the neighbourhood. A thoughtful perspective is that while the living area is small, the home ranks relatively well for its year built on the street, suggesting it may be among the more updated post-war homes in the immediate vicinity. The low sale price from 2020 indicates a potential value opportunity for a buyer willing to invest in updates.
Frequently Asked Questions
1. Is the home move-in ready?
Given its age (1944) and notably low past sale price, buyers should budget for inspections and potential updates. Its condition relative to its assessed value is a key point to investigate.
2. How does the lot size compare?
The land area is approximately 3,300 sq ft, which is very typical for both Larsen Avenue and the broader Chalmers neighbourhood, but below the citywide average.
3. What does the "below average" living area mean practically?
At 744 sq ft, the living space is smaller than most homes in Winnipeg. This indicates a cozy, efficient layout best for individuals, couples, or those comfortable with compact living.
4. Why is the assessed value so much lower than the city average?
The assessed value of $190k reflects the home's smaller size, age, and neighbourhood pricing. It ranks around average for its immediate area but falls in the bottom 7% citywide, highlighting Winnipeg's wide range of property values.
5. What is the context of the 2020 sale price?
The home sold for $16,900 in June 2020. This very low price likely indicates it was sold as a tear-down, for land value, or in significant need of repair, and is not representative of current market values for habitable homes.
