Property score
38.7
Below average
Overall 38.7 · Smaller than most nearby homes
668 sqft (bottom 14%) · Built in 1929 (5 yrs older than avg)
Located in a above-average income area with median household income of ~68.5k
Transit 94.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 1 dining spot, 1 school, 2 parks, and 1 place of worship nearby
Living Area
Below average
30% smaller than neighborhood avg.
Year Built
Near average
5 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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38.7 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
480 Larsen Avenue — 5 amenities found within 500 m, across 4 categories, including 1 dining (nearest 341 m), 1 education (nearest 483 m), 2 parks (nearest 227 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%
480 Larsen Avenue: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 480 Larsen Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, character home built in 1929, situated on a standard-sized lot in the Chalmers neighbourhood. Its primary appeal lies in its affordability and efficient scale, with an assessed value of $199k that is significantly below the Winnipeg city average. The home offers a practical, low-maintenance footprint at 668 sqft, which is typical for its immediate area but well below the size of a modern city-wide average home.
The property is best suited for first-time buyers, downsizers, or pragmatic investors seeking an entry point into the market with lower property taxes and upkeep. A thoughtful perspective is that this home represents the "missing middle" in housing—a modest, historically consistent size that contrasts with newer, larger builds. Its value is firmly anchored in its local context; while its size and value rank in the bottom tiers city-wide, they are much more aligned with the norms of Larsen Avenue and Chalmers. This suggests a stable, established streetscape without the premium paid for extra space or new construction.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($199k) is very close to the average for Larsen Avenue and the Chalmers area, making it a strong benchmark for market value in this specific location, though final sale price always depends on market conditions.
2. How does the smaller living area impact livability?
At 668 sqft, the home is efficient and cozy. It necessitates a minimalist lifestyle or clever use of space, but its size is common and functional for the neighbourhood, appealing to those who prioritize simpler living over ample square footage.
3. What should I consider about a home built in 1929?
While the home is well-maintained for its age, potential buyers should budget for updates to older mechanical systems, insulation, or windows. A positive is that its construction date is actually newer than many peers on its street.
4. Why is the city-wide comparison so different?
The data highlights a key market insight: housing in this area is fundamentally different from the Winnipeg average. The city-wide averages are pulled much higher by newer, larger suburban homes. This property offers value within a more affordable and established urban segment.
5. How can I get exact historical sale prices for this property?
The website does not display MLS sold data. You must request exact figures via email through the "Request exact figures by email" button on the listing page. The service is manual but provided without obligation.
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