415 Larsen Avenue

Chalmers, Winnipeg

Property score

49.8

Below average

Overall 49.8 · Newer than most nearby homes

795 sqft (bottom 35%) · Built in 1992 (58 yrs newer than avg)

Located in a above-average income area with median household income of ~68.5k

Transit 86.0 · 3-min walk to transit with 4 nearby routes · Within 500m: 1 dining spot, and 1 park nearby

Living Area

Below average

17% smaller than neighborhood avg.

Year Built

Above average

58 yrs newer than neighborhood avg.

Mother tongue

English · 69%Tagalog · 13%

Past 10 years Chalmers sales snapshot (~80% of all data)

Sold Count

1,193

Median price

206.3k

$/sqft

$226/sqft

Avg build year

1934

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Property score

49.8 is composed by the two sections below.

Property Score

40.4Low
Living Area795 sqft22Low
Year Built199281Excellent
Lot Size4,483 sqft53Fair
Neighbourhood Sales Activity61Fair

Community Score

64.0Fair
Household Income70Good
Education Level44Low
Housing Stress74Good
Core Housing Need76Good
Employment Health52Fair

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110935

Community deep dive

$69K

Median household income

$71K

Average household income

12%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.7

P90 / P10 ratio

25%

Single-person households

25%

Families with children

Population, labour & age

Population (2021)540
Labour force participation rate67%
Median age36.8
Avg household size2.5
Unemployment rate20%
Population density5400 / km²

Households & income

Low income (LIM-AT, % pop.)12%
Single-person households25%
Couple families with children25%
Median household income (2020)$69K

Housing

Renter households23%
Condominium dwellings0%
Median dwelling value (owners)$180K

Diversity, education & language

Immigrants (share of pop.)30%
Visible minority41%
Bachelor's or higher (25–64)20%
Mother tongue (1st)English · 69%
Mother tongue (2nd)Tagalog · 12%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
795 sqft
0255075100
Same streetBottom 36%Same areaBottom 35%CitywideBottom 9%
Same street · Larsen Avenue
#129 / 203
Bottom 36% · Avg 937 sqft
Same area · Chalmers
#1,836 / 2,815
Bottom 35% · Avg 953 sqft
Citywide · Winnipeg
#177,703 / 194,458
Bottom 9% · Avg 1,342 sqft

Tax-Assessed Value

above average
253k
0255075100
Same streetTop 15%Same areaTop 22%CitywideBottom 18%
Same street · Larsen Avenue
#31 / 203
Top 15% · Avg 201.9k
Same area · Chalmers
#610 / 2,815
Top 22% · Avg 210.8k
Citywide · Winnipeg
#159,758 / 194,458
Bottom 18% · Avg 390.1k

Year Built

above average
1992
0255075100
Same streetTop 9%Same areaTop 8%CitywideTop 21%

Lot Size

Elite
4,483 sqft
0255075100
Same streetTop 5%Same areaTop 18%CitywideBottom 34%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

415 Larsen Avenue — 2 amenities found within 500 m, across 2 categories, including 1 dining (nearest 429 m), 1 parks (nearest 350 m).

Search radius
🍽️Dining1
🌳Parks1

Crime & Safety

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%

Sales History

Sold 12/2022CA$250k–300k
Sold price

Same street

Top 11%

Same area

Top 10%

City-wide

Bottom 36%
Sold 10/2017CA$200k–250k
Sold price

Same street

Top 33%

Same area

Top 35%

City-wide

Bottom 15%

Related homes

Highlights & common questions: 415 Larsen Avenue, Winnipeg

Property Overview

This 1992 bi-level home at 415 Larsen Avenue in Winnipeg's Chalmers neighbourhood presents a specific and compelling value proposition. Its key appeal lies in the combination of a newer build, a generous lot, and a recently renovated basement, all at a very accessible price point. The home sits on a large 4,483 sqft lot, which is significantly above average for both the immediate street and the wider neighbourhood, offering ample outdoor space. While the 795 sqft living area is compact, the renovated basement adds functional space. The 2022 sale price of $29,100 is notably low, reflecting a unique market entry.

This property would suit practical, value-oriented buyers. It's ideal for a first-time homeowner willing to grow into the space over time, an investor looking for a land-value play with a rentable dwelling, or someone seeking a low-maintenance, newer-built home with immediate equity potential from the lot size and renovations. Its appeal is grounded in fundamentals—land, condition, and price—rather than square footage.

Frequently Asked Questions

1. Why is the recent sale price so much lower than the one from 2017?
Such a significant price discrepancy typically indicates a non-arms-length transaction, such as a transfer between family members. It does not reflect the current market value, which would be considerably higher.

2. How does the smaller living area impact livability?
The home's layout will require efficient use of space. The renovated basement is a crucial asset, effectively doubling the usable living area and making the overall package viable for a small household or a couple.

3. What does the "above average" assessed value ranking mean for taxes?
While the assessed value ranks well on its street, it remains very low city-wide. This suggests property taxes will be relatively affordable compared to the average Winnipeg home, which is a key ongoing cost benefit.

4. With no garage, what are the parking options?
The large lot provides excellent potential for adding a driveway or a future garage, subject to local bylaws. This is a notable advantage over properties on smaller lots where adding parking is impossible.

5. Is the 1992 build date a significant advantage?
Yes. In a neighbourhood and on a street where many homes are much older, a 1992 build means major systems (like wiring, plumbing, and insulation) are decades newer, potentially reducing immediate repair costs and improving energy efficiency.

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