Property score
55.7
Fair
Overall 55.7 · Newer than most nearby homes
934 sqft (top 46%) · Built in 2019 (85 yrs newer 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, 3 parks, and 1 place of worship nearby
Living Area
Near average
2% smaller than neighborhood avg.
Year Built
Above average
85 yrs newer 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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55.7 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: #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
514 Larsen Avenue — 6 amenities found within 500 m, across 4 categories, including 1 dining (nearest 367 m), 1 education (nearest 380 m), 3 parks (nearest 189 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 18% | Top 20% | Bottom 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
514 Larsen Avenue is a modern, renovated bi-level home built in 2019, offering a low-maintenance lifestyle in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in its "like-new" condition within a market of predominantly older homes, providing immediate move-in readiness without the concerns of aging infrastructure. The renovated basement adds functional living space to the 934 sqft main floor.
This property is an ideal match for first-time homebuyers seeking a modern, affordable entry into the market, or for downsizers looking for a manageable property without renovation projects. It also suits pragmatic investors interested in a newer asset with potentially lower maintenance costs. A thoughtful perspective is its standout assessed value relative to its immediate area—it ranks in the top 5% on its street and in Chalmers, suggesting it is viewed as a premium property in its local context, despite its smaller citywide land footprint. The appeal is one of modern convenience and quality over sheer size.
Frequently Asked Questions
1. How does the lot size compare to others?
The land area of 2,500 sqft is below average for the city, but is quite typical for the Chalmers neighbourhood and Larsen Avenue itself. This translates to a manageable yard requiring less upkeep.
2. What does the "Elite" ranking for Year Built mean?
Built in 2019, this home is newer than approximately 97% of homes on its street and 99% of homes in the Chalmers area. This is a significant advantage, implying newer construction standards, materials, and systems.
3. Is the assessed value of $31.5k typical?
For its specific location, the assessed value is notably high (Top 5%), reflecting the premium for a new build in the area. Citywide, however, it sits around the average mark, indicating you are paying primarily for the modern home itself rather than an expansive lot location.
4. What is the significance of the renovated basement?
The finished basement effectively expands the liveable space beyond the main floor square footage, adding flexibility for a family room, home office, or additional storage. In a bi-level, this space is often integral to the home's functionality.
5. How does this home fit the local market?
It represents a modern outlier in a neighbourhood of mostly century-old homes. Buyers should weigh the value of new construction and minimal immediate repairs against having a smaller property footprint than might be found in suburban areas.
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