Property score
54.6
Fair
Overall 54.6 · Newer than most nearby homes
1,036 sqft (top 34%) · Built in 1948 (14 yrs newer than avg)
Located in a above-average income area with median household income of ~65.5k
Transit 76.0 · 5-min walk to transit with 4 nearby routes · Within 500m: 1 dining spot, and 1 park nearby
Living Area
Near average
9% larger than neighborhood avg.
Year Built
Above average
14 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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54.6 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
385 Larsen Avenue — 2 amenities found within 500 m, across 2 categories, including 1 dining (nearest 481 m), 1 parks (nearest 424 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 | Top 28% | Top 32% | Bottom 16% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 385 Larsen Avenue, Winnipeg
Key Characteristics & Appeal
This home is a one-and-a-half storey property built in 1948, situated on a notably large lot of nearly 5,000 sqft in the Chalmers neighbourhood. Its key features include a renovated basement and a detached garage. The appeal lies in its combination of a generous, above-average land size for the immediate area and a living space that is practical and well-proportioned at just over 1,000 sqft.
The data suggests this property occupies a unique niche. While its assessed value is modest compared to the city-wide average, it ranks highly within its own street and neighbourhood for land size, newer year of build, and value. This indicates a property that is a standout in its local context, offering more space and a slightly newer build than many nearby homes. It would particularly suit a buyer looking for a ground-up project or who prioritizes outdoor space and expansion potential over a large existing footprint. The renovated basement adds functional living space, making it a pragmatic choice for a first-time buyer, an investor, or someone seeking a character home with room to grow.
Frequently Asked Questions
1. Why is the assessed value significantly lower than the city-wide average?
Assessed values are based on a mass appraisal system and are heavily influenced by the local market. In this case, the home’s value is above average for Larsen Avenue and Chalmers, but the average for all of Winnipeg is pulled much higher by newer and larger homes in different market segments.
2. What does the "Top 1%" ranking for land area on Larsen Avenue mean?
It means this property has more land than 99% of the roughly 200 comparable homes on Larsen Avenue. This is its most distinguished feature, offering rare lot size and privacy for the street.
3. Is a home built in 1948 a concern?
The data shows it is newer than the average home on its street (1930) and in Chalmers (1934). While systems like wiring or plumbing may need attention, it is a relatively newer build within this established neighbourhood’s housing stock.
4. Who might this property not suit?
It may not suit buyers seeking a modern, turn-key home with a large interior, or those whose budget is strictly aligned with city-wide average home sizes and values. The appeal is in its local standing and land potential.
5. How should I interpret the sale history, with a last sale price of $22.5k in 2017?
This prior sale price is not reflective of current market value. It likely indicates a non-arms-length transaction, such as a transfer between family members. The current assessed value and market conditions are the relevant starting points for valuation today.
