Property Overview: 355 Larsen Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a classic one-and-a-half storey home in the Chalmers neighbourhood, built in 1914. Its primary appeal lies in its solid, no-frills foundation on a standard city lot. With 1,050 sqft of living space, the house offers more room than many comparable homes on its street and in the immediate area. The property features a basement, noted as unrenovated, and does not include a garage or pool.

The data suggests a property that is very typical for its specific locale. Its assessed value and recent sale price are consistently below the Winnipeg citywide average, positioning it as an accessible entry point into the market. The appeal here is practical: it’s a straightforward home in an established area, where the value is tied more to the land and structure than to modern upgrades. It would suit a first-time buyer comfortable with a home that may require updates, or an investor looking for a stable, low-assessment property. A less obvious perspective is that its consistent "around average" standing within Chalmers indicates stability and predictability, potentially offering insulation from more volatile market swings seen in rapidly changing areas.

Section 2: Frequently Asked Questions

1. What does "one & 1/2 storey" mean for this home?
This style typically features a main floor with principal rooms and a second floor under sloped roofs, often containing bedrooms. For a 1914 home, it implies classic character but may have smaller or cozier upper-level rooms.

2. The assessed value seems very low. Is that accurate?
Yes, the assessed value is significantly below the Winnipeg city average. This is not unusual for older, modest homes in neighbourhoods like Chalmers and generally results in lower property taxes, which is a key financial consideration.

3. What should I know about the unrenovated basement?
"Not renovated" typically means the basement retains its original or utilitarian state. It likely has functional space for laundry and storage but may have older finishes, an older foundation, and would require inspection for moisture issues or necessary upgrades for finished living space.

4. How does the lot size compare?
At 3,298 sqft, the lot is very standard for the street and neighbourhood but is below the citywide average. This means yard space is consistent with nearby homes but may be smaller than in newer suburban areas.

5. The home sold in 2020 and 2017. What does that price history indicate?
The sale prices show modest appreciation over three years, from $17.4k to $21.8k. This indicates a stable, low-value market segment. It’s a history that suggests the property is not subject to speculative boom-and-bust cycles but builds value slowly.