Property score
53.4
Fair
Overall 53.4 · Newer than most nearby homes
1,041 sqft (top 33%) · Built in 1951 (17 yrs newer than avg)
Located in a above-average income area with median household income of ~65.5k
Transit 80.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, and 1 park nearby
Living Area
Near average
9% larger than neighborhood avg.
Year Built
Above average
17 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
53.4 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
390 Larsen Avenue — 2 amenities found within 500 m, across 2 categories, including 1 dining (nearest 435 m), 1 parks (nearest 382 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 40% | Top 44% | Bottom 12% |
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-and-a-half storey home at 390 Larsen Avenue in Winnipeg's Chalmers neighbourhood presents a practical, value-oriented opportunity. Built in 1951, it is notably newer than many homes on its street and in the immediate area. Its key features include a renovated basement and a detached garage. The living space (1,041 sq ft) is comfortably above average for similar homes on Larsen Avenue, while the lot size (3,298 sq ft) is typical for the local area.
The appeal lies in its position as a well-situated, no-frills property. It suits first-time buyers seeking an entry point into the market, investors looking for a rental property with a solid baseline, or downsizers wanting a manageable home without major renovation needs. A thoughtful perspective is that its "above average" rankings for year built and assessed value within its immediate peer group suggest a property that has been maintained relative to its neighbours, potentially offering a sense of stability and lower relative risk for the area.
Frequently Asked Questions
1. What does the assessed value tell me about the property?
The assessed value of $23,800 is above average for both the street and the Chalmers neighbourhood, indicating the city assesses it as having higher value than many comparable nearby homes. It is important to note this is for tax purposes and is distinct from market value.
2. How does the lot size compare?
At 3,298 sq ft, the lot is very typical for Larsen Avenue and the Chalmers area, but is below the much larger city-wide average. This suggests a standard, manageable yard for the neighbourhood.
3. The home was built in 1951. Is that old for the area?
Actually, no. With a construction date of 1951, this home is newer than the average home on Larsen Avenue (avg. ~1930) and in Chalmers (avg. ~1934). This can be an advantage regarding the potential age of some major components.
4. What type of buyer would this home suit best?
This property is a strong match for pragmatic buyers prioritizing location and value over size or modern luxury. It’s well-suited for first-time homeowners, investors, or those looking to downsize into a straightforward, maintained home in an established area.
5. Are there any obvious red flags from the data?
The data shows no major red flags and instead indicates a property that aligns with or exceeds its immediate surroundings in key metrics. The sale in April 2019 for $20,600, close to its current assessed value, suggests a stable value history in its market segment.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
