Property score
56.9
Fair
Overall 56.9 · Larger than most nearby homes
1,384 sqft (top 7%) · Built in 1922 (12 yrs older than avg)
Located in a average-income area with median household income of ~58.4k
Transit 94.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 1 dining spot, 1 school, 4 parks, and 1 place of worship nearby
Living Area
Above average
45% larger than neighborhood avg.
Year Built
Near average
12 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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56.9 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
524 Larsen Avenue — 7 amenities found within 500 m, across 4 categories, including 1 dining (nearest 380 m), 1 education (nearest 355 m), 4 parks (nearest 159 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 9% | Top 7% | Bottom 42% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 524 Larsen Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This one-and-a-half storey home in Chalmers, built in 1922, presents a practical opportunity centered on its above-average living space and established neighbourhood setting. With 1,384 sqft of living area, the home offers significantly more interior space than most comparable properties on its street and in the immediate area. This is its most standout feature for a house of its vintage. The lot size is modest for the city but typical for the neighbourhood. The home has an unrenovated basement and no garage, indicating it is well-suited for a buyer comfortable with a project or who prioritizes square footage over turn-key condition.
Its appeal lies in value and potential. The 2023 sale price of $310k was well above average for the street, suggesting buyers see inherent value here, likely in its generous layout and solid foundation. It suits first-time buyers or practical investors looking for character-home proportions without a massive lot to maintain. A thoughtful perspective is that its older age (104 years) is actually average for its specific street, meaning the neighbourhood is established with consistent upkeep expectations. While the assessed value is low compared to the city, it’s competitive locally, highlighting that this is a neighbourhood-driven purchase rather than a city-wide comparison play.
Frequently Asked Questions
1. Is the basement finished?
No, the basement is noted as not renovated, offering a blank canvas for future development or utilitarian storage space.
2. How does the living area compare to nearby homes?
Very favourably. At 1,384 sqft, the living area is in the top 7% for both Larsen Avenue and the broader Chalmers neighbourhood, meaning it offers more interior space than most similar local properties.
3. What does the "below average" land area ranking mean for me?
The lot is 2,501 sqft, which is smaller than the Winnipeg average but typical for this part of Chalmers. It means lower maintenance than a large lot but limited space for extensive expansions or pools.
4. Why is the assessed value so much lower than the recent sale price?
Municipal assessed value for tax purposes often lags behind market value, especially after a recent sale. The sale price of $310k reflects what a buyer was recently willing to pay in the open market.
5. Are homes on this street generally older?
Yes. With a build year of 1922, this home is actually newer than the average on Larsen Avenue (approx. 1930), indicating a street of character homes with a consistent, historic streetscape.
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