Property score
58.4
Fair
Overall 58.4 · Larger than most nearby homes
1,312 sqft (top 9%) · Built in 1914 (20 yrs older than avg)
Located in a above-average income area with median household income of ~68.5k
Transit 86.0 · 4-min walk to transit with 4 nearby routes · Within 500m: 1 dining spot, and 2 parks nearby
Living Area
Above average
38% larger than neighborhood avg.
Year Built
Near average
20 yrs older than neighborhood avg.
Mother tongue
English · 69%Tagalog · 13%
Past 10 years Chalmers sales snapshot (~80% of all data)
1,193
206.3k
$226/sqft
1934
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58.4 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: #46110935
$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
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
422 Larsen Avenue — 3 amenities found within 500 m, across 2 categories, including 1 dining (nearest 377 m), 2 parks (nearest 301 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 14% | Top 16% | Bottom 27% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-and-a-half storey home on Larsen Avenue in Winnipeg's Chalmers neighbourhood presents a specific and practical opportunity. Built in 1914, it sits on a standard city lot and features a detached garage and an unrenovated basement. The home’s standout characteristic is its generous 1,312 sqft of living space, which is notably larger than most comparable homes in its immediate area. This is balanced by a very low assessed value, reflecting its age and condition. Its appeal lies in its potential as a blank canvas—it’s a substantial structure at an accessible price point, suited for a buyer comfortable with a project. This property would suit an investor looking for a rental property with solid fundamentals, a hands-on homeowner planning a gradual renovation, or someone seeking maximum interior space in Chalmers without a premium lot price.
Frequently Asked Questions
What does "above average living area" mean in this context?
While many homes in Chalmers and on Larsen Avenue average just under 1,000 sqft, this home offers over 1,300 sqft. This means you're getting significantly more interior space than most neighbouring properties, which is a key advantage if lot size is less of a priority than indoor living area.
Is the low assessed value a concern?
The low assessed value primarily reflects the home's age and the fact that it hasn't been recently renovated or updated. It indicates this is not a move-in-ready property but represents a land-and-structure value that can be advantageous for property tax calculations.
What is the significance of the unrenovated basement?
The basement presents both a project and potential. While it will require investment to finish, it also offers the opportunity to add significant functional space (like a suite, workshop, or recreation room) tailored to a new owner's needs without having to undo previous renovations.
How does the sale history inform the current value?
The home sold very recently, in August 2023. This suggests the current listing may represent a quick turnaround, possibly an investment or estate situation, and provides a very clear, up-to-date market price benchmark for buyers to consider.
Who are the most likely buyers for this property?
The most likely buyers are value-driven investors seeking a rental property with a strong floor plan, or practical, hands-on homeowners who prioritize interior square footage over a renovated state and see the benefit in customizing a home to their own taste over time.
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