Property score
38.2
Below average
Overall 38.2 · Smaller than most nearby homes
616 sqft (bottom 7%) · Built in 1913 (21 yrs older than avg)
Located in a above-average income area with median household income of ~68.5k
Transit 94.0 · 1-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
35% 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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38.2 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
491 Larsen Avenue — 6 amenities found within 500 m, across 4 categories, including 1 dining (nearest 390 m), 2 education (nearest 479 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 28% | Bottom 34% | Bottom 6% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 9% | Bottom 17% | Bottom 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This one-storey home at 491 Larsen Avenue in Winnipeg's Chalmers neighbourhood is a compact, character property built in 1913. With 616 square feet of living space, it is notably smaller than most city homes, placing it in the top 1% for compact size citywide. Its appeal lies in its efficiency and renovated basement, offering a low-maintenance footprint on a standard city lot of approximately 3,300 sq ft. The assessed value is modest compared to the city average, but is typical for its immediate area.
This property would best suit a first-time buyer, an investor, or someone looking to downsize significantly. Its lower price point and manageable size present an accessible entry into the market. A thoughtful perspective for a buyer is the potential for a simplified, cost-effective lifestyle, where utility costs and upkeep are naturally minimized by the smaller scale. The renovated basement adds valuable flexible space, which is a key asset in a home of this size.
Frequently Asked Questions
1. Is the living area of 616 sq ft accurate for the whole home?
Yes, the above-ground living area is listed as 616 square feet, which is quite compact. The home does include a renovated basement, which provides additional flexible space not counted in the official living area.
2. How does the assessed value relate to the likely sale price?
The municipal assessed value is $18,800, which is used for property tax calculation. Sale prices are determined by the market. Recent sales on the street (e.g., $170k in 2020, $140k in 2018) are more relevant indicators of market value.
3. What does the "top 94%" ranking for living area mean?
This statistic means that 94% of homes in Winnipeg are larger. It confirms this is a notably smaller-than-average home citywide, though it is more comparable in size to others on Larsen Avenue.
4. Are there any major concerns with a home built in 1913?
While the basement has been renovated, the core structure is over a century old. Prospective buyers should prioritize a thorough inspection to assess the condition of foundational elements, plumbing, electrical systems, and the roof.
5. What is the parking situation?
The listing specifies there is no garage. Parking would be limited to on-street, so it's important to verify local parking regulations and typical availability.
