Property score
35.7
Below average
Overall 35.7 · Smaller than most nearby homes
593 sqft (bottom 4%) · Built in 1915 (19 yrs older 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 2 parks nearby
Living Area
Below average
38% smaller than neighborhood avg.
Year Built
Near average
19 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
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
35.7 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
430 Larsen Avenue — 3 amenities found within 500 m, across 2 categories, including 1 dining (nearest 365 m), 2 parks (nearest 282 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 | Bottom 2% | Bottom 6% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Property Overview: 430 Larsen Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, one-storey home built in 1915 on a standard city lot in the Chalmers neighbourhood. Its key characteristic is its scale: with a living area of just under 600 square feet, it is a notably compact property, ranking in the bottom 4% for size both on its street and citywide. The lot size is typical for the area, and the home lacks a basement, garage, or pool.
The primary appeal lies in its affordability and land value. It sold recently for $11,500, a figure significantly below assessed values for comparable homes in the area and the wider city. This presents a low-barrier entry point into the Winnipeg market. It would suit a very specific type of buyer: an investor looking for a land-value play or a redevelopment opportunity, or a hands-on individual seeking an ultra-affordable project home. It is not suited for those needing move-in-ready space or conventional family living, but rather for those who see potential in the lot itself or are prepared for a substantial renovation or rebuild.
A less obvious perspective is that its consistent, low assessed value across similar properties in the area suggests this is not an outlier but part of a recognized segment of the market—homes valued primarily for their land. Its recent sale also indicates it’s a transactable property at this price point, which can be rare for such entry-level listings.
Section 2: Frequently Asked Questions
1. Is this a liveable house?
Based on the listed details (593 sq ft, no basement, built in 1915), it is likely a very basic dwelling or may require significant work. Prospective buyers should assume a thorough inspection is essential to determine livability.
2. Why is the sale price so much lower than the average Winnipeg home?
The price reflects the home's very small size, age, and likely condition. It is priced for its land value and redevelopment potential rather than as a standard family home.
3. What can I build on this lot?
The lot is a standard urban size (approx. 3,300 sq ft). Any new build or major addition would need to comply with City of Winnipeg zoning bylaws for the Chalmers neighbourhood, including rules on setbacks, height, and floor-area ratio.
4. How do the property taxes work with such a low assessed value?
The municipal assessed value is $13,900. Property taxes would be calculated based on this low assessment, which is a potential ongoing cost advantage compared to larger homes.
5. Are there other similar properties nearby?
The listing references nearby homes on Larsen Avenue with similar low assessed values (e.g., 434 Harbison Ave W at $13.90k), indicating this is a pocket of the neighbourhood with comparable valuation characteristics.
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.
