Property score
37.6
Below average
Overall 37.6 · Smaller than most nearby homes
663 sqft (bottom 13%) · 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
Below average
30% 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)
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: #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
343 Larsen Avenue — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 396 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 13% | Bottom 24% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This one-storey home at 343 Larsen Avenue in Winnipeg's Chalmers neighbourhood is a property defined by its land and potential. Built in 1914, its primary appeal lies in its 3,298 sqft lot, which is above average for the immediate area. The home itself is modest at 663 sqft of living space and features an unrenovated basement and a detached garage. The most recent sale was in August 2022 for $15,500, with a current assessed value of $16,200.
Its core appeal is for value-conscious buyers seeking a foothold in the market with a clear focus on the future. It suits an investor looking for a land-value play, a handy buyer planning a significant renovation or rebuild, or someone seeking minimal ongoing property tax obligations due to the low assessment. A less obvious perspective is that, while the living space is small, the generous lot for the area offers a rare commodity: space for gardens, storage, or outdoor living that many neighbouring properties lack.
Frequently Asked Questions
1. Is this a move-in ready home?
No. The listing notes the basement is unrenovated, and the home's size and age suggest it will require updates and improvements for modern living. It is best viewed as a project or a property purchased primarily for its land.
2. Why is the assessed value so much lower than the citywide average?
The assessed value reflects the property's current state—a very small, older home on a lot that, while generous for the street, is still smaller than the Winnipeg average. Value is heavily weighted toward the land rather than the existing structure.
3. What can I build on this lot?
Any new construction or major addition would require checking with the City of Winnipeg's planning department for current zoning bylaws, setback requirements, and permitting. The lot size is a strong starting point for potential development.
4. How does the 2022 sale price relate to today's value?
The 2022 sale price is a historical data point. Current market conditions, interest rates, and demand in Chalmers will determine today's value. The assessed value is for tax purposes and is not an indication of market price.
5. Are the utility systems (plumbing, electrical, heating) original?
Given the home's age (1914), it is highly likely that core systems have been updated over time, but the extent and timing of those updates are unknown. A thorough inspection would be essential to determine the condition and capacity of these critical components.
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