Property score
48.4
Below average
Overall 48.4 · Compared with neighbourhood average
988 sqft (top 39%) · Built in 1921 (13 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, 2 schools, 2 parks, and 1 place of worship nearby
Living Area
Near average
4% larger than neighborhood avg.
Year Built
Near average
13 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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48.4 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
481 Larsen Avenue — 6 amenities found within 500 m, across 4 categories, including 1 dining (nearest 387 m), 2 education (nearest 497 m), 2 parks (nearest 272 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 42% | Bottom 41% | Bottom 8% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 1.5-storey home at 481 Larsen Avenue in Winnipeg's Chalmers neighbourhood presents a straightforward, value-oriented opportunity. Built in 1921, it features 988 sqft of living space, an unrenovated basement, and a detached garage on a 3,298 sqft lot. The data shows it is consistently "around average" for its immediate street and area in terms of size, assessed value, and lot dimensions, but sits "below average" in a citywide comparison. This positions it as a classic, no-frills Winnipeg home.
Key Characteristics & Appeal
The primary appeal of this property lies in its stability and potential within a well-established community. It is not an outlier in any category for Chalmers, meaning it represents a typical, priced-accordingly home in the area without unexpected premiums or major deficiencies. It would suit a first-time buyer, an investor, or a practical homeowner comfortable with a property that may require updates over time. The detached garage and standard lot size offer functional utility.
A thoughtful perspective is that its "average" standing locally can be a strength: it avoids the volatility and premium pricing of highly competitive areas while offering solid fundamentals. The unrenovated basement, while noted as a current condition, represents clear potential for future customization or added living space to increase the home's value relative to the neighbourhood.
Frequently Asked Questions
1. Is this a good value for the area?
Based on the data, the home's assessed value and living area are both very typical for Larsen Avenue and the wider Chalmers neighbourhood, suggesting it is priced in line with local market norms.
2. What should I know about the basement?
The listing specifies the basement is "not renovated." Buyers should budget for potential updates and include a thorough inspection to assess its current condition and any necessary improvements.
3. How does it compare to newer homes?
Built in 1921, it is older than the citywide average. This typically means character and established landscaping, but also warrants close attention to the condition of major systems like plumbing, electrical, and the roof during an inspection.
4. What is the neighbourhood like?
The provided data compares it to other homes in Chalmers, indicating a mature area with a mix of older homes. The close proximity of similar properties on Larsen Avenue suggests a consistent, established streetscape.
5. Are the lot and garage size adequate?
The lot and detached garage are standard for the immediate area. The lot size is typical for Chalmers but smaller than the citywide average, which is common for older, inner-city neighbourhoods.
