Property score
40.7
Below average
Overall 40.7 · Smaller than most nearby homes
728 sqft (bottom 25%) · Built in 1913 (21 yrs older than avg)
Located in a above-average income area with median household income of ~68.5k
Transit 86.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 1 dining spot, 2 schools, 2 parks, and 1 place of worship nearby
Living Area
Below average
24% smaller than neighborhood avg.
Year Built
Below average
21 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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40.7 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
457 Larsen Avenue — 6 amenities found within 500 m, across 4 categories, including 1 dining (nearest 390 m), 2 education (nearest 497 m), 2 parks (nearest 286 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 35% | Bottom 37% | Bottom 7% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 19% | Bottom 28% | Bottom 5% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 457 Larsen Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This is a compact, one-storey home built in 1913, situated on a standard-sized lot in the Chalmers neighbourhood. Its key characteristics include a 728 sqft living area, an unrenovated basement, and a detached garage. The land area is typical for the local street and area, though smaller than the citywide average.
The primary appeal lies in its position as an affordable, no-frills entry point into the Winnipeg market. It suits buyers seeking a low-maintenance footprint, such as first-time homeowners comfortable with a project, downsizers, or investors looking for a straightforward rental property. A thoughtful perspective is that its older age and smaller size compared to neighbours could represent a value opportunity for someone prioritizing location and lot potential over immediate move-in condition. The significant gap between its assessed value and recent sale prices suggests a market perception that factors beyond the basic metrics—like potential or specific lot features—are at play.
Frequently Asked Questions
1. What is the true size and layout potential?
With 728 sqft of living space, this is a compact home. Buyers should verify the room count and functional layout, and consider the potential of the unrenovated basement for additional storage or future expansion.
2. How does the assessed value compare to the sale price?
The home has a low assessed value (around $16k), but sold for $160k in 2021 and $175k in 2025. This indicates the market price is driven by factors beyond municipal assessment, such as land value, location, and market conditions.
3. What should I know about a home built in 1913?
While solidly built, a home of this age will likely require updates to major systems like wiring, plumbing, and insulation. A thorough inspection is essential to understand the condition and any needed repairs.
4. Who are the typical neighbours?
The nearby comparable properties are a mix of similar older, modest-sized homes and some significantly newer constructions. This suggests a neighbourhood in a gradual state of change, which can be positive for long-term value.
5. Is the detached garage a major benefit?
For this size of home, a detached garage provides valuable storage or workshop space that doesn't encroach on the living area, a practical asset for owners or tenants.
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