Property score
64.1
Fair
Overall 64.1 · Larger than most nearby homes
1,635 sqft (top 3%) · Built in 1921 (13 yrs older than avg)
Located in a average-income area with median household income of ~58.4k
Transit 94.0 · 1-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
Above average
72% larger than neighborhood avg.
Year Built
Near average
13 yrs older than neighborhood avg.
Mother tongue
English · 75%Tagalog · 6%
Past 10 years Chalmers sales snapshot (~80% of all data)
1,193
206.3k
$226/sqft
1934
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64.1 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: #46110934
$58K
Median household income
$73K
Average household income
20%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.2
P90 / P10 ratio
39%
Single-person households
16%
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
501 Larsen Avenue — 5 amenities found within 500 m, across 4 categories, including 1 dining (nearest 398 m), 1 education (nearest 440 m), 2 parks (nearest 228 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 | Top 22% | Top 24% | Bottom 21% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 501 Larsen Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home on a large 4,835 sqft lot in Chalmers presents a distinct value proposition centered on space and potential. Its primary appeal lies in its generous proportions: the living area of 1,635 sqft is exceptionally large for the immediate area, ranking in the top 3% compared to neighbouring homes, which typically average under 1,000 sqft. This makes it a standout for buyers seeking more interior room without leaving the neighbourhood.
The property suits two main types of buyers. First, it’s ideal for an investor or handy homeowner looking for a canvas. The home is over a century old (built 1921) and features an unrenovated basement and a detached garage, signalling a need for modernization but offering significant upside for those willing to update it. Second, it appeals to buyers prioritizing land size over a turnkey condition. The lot is substantially larger than most in Chalmers and on Larsen Avenue itself, offering ample outdoor space or future expansion potential rare for the price point. A thoughtful perspective is that the home’s assessed value is notably higher than its recent sale price, which may indicate perceived underlying value or, conversely, highlight the scale of work required.
Frequently Asked Questions
1. Why is the sale price so much lower than the city-wide average?
The sale price reflects the home’s specific location within Winnipeg and its as-is, unrenovated condition. It is priced in line with similar vintage properties in the Chalmers area that require updating, rather than the city-wide average which includes newer, renovated homes across all neighbourhoods.
2. What does "Elite" ranking for Living Area actually mean?
It means that compared to other homes directly on Larsen Avenue and in the Chalmers neighbourhood, this home’s interior square footage is among the very largest available. You are getting significantly more house, in terms of pure space, than is typical for this street and community.
3. Is the large lot a benefit for future plans?
Yes. The lot size is in the top 4% for the street, providing valuable extra outdoor space. This could be a major asset for gardening, adding a play structure, or even considering a future addition, subject to local zoning and permit approvals.
4. What should I budget beyond the purchase price?
Given the age of the home and the mention of an unrenovated basement, buyers should plan for immediate and long-term updates. Budgets should account for potential foundational, electrical, plumbing, or insulation improvements common in homes of this era, alongside any desired cosmetic renovations.
5. How does the detached garage affect the property?
A detached garage offers flexibility for use as a workshop or storage space separate from the house. However, it may also require maintenance of its own structure and, like the house, likely needs updating given the property's age.
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