Property score
58.7
Fair
Overall 58.7 · Larger and newer than most nearby homes
1,065 sqft (top 29%) · Built in 2022 (88 yrs newer 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, 2 parks, and 1 place of worship nearby
Living Area
Above average
12% larger than neighborhood avg.
Year Built
Above average
88 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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58.7 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
527 Larsen Avenue — 5 amenities found within 500 m, across 4 categories, including 1 dining (nearest 421 m), 1 education (nearest 384 m), 2 parks (nearest 156 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 7% | Top 5% | Bottom 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
527 Larsen Avenue is a modern, 2022-built bi-level home in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in being a nearly new construction in an area predominantly composed of much older homes, offering move-in readiness without the need for immediate updates. The home features 1,065 sqft of living space and sits on a 2,494 sqft lot.
Key Characteristics & Ideal Buyer
The standout feature of this property is its age. Built in 2022, it ranks in the top 1% of homes for its newness both on its street and in the wider Chalmers area, where the average home was built in the early 1930s. This means modern building standards, energy efficiency, and minimal maintenance concerns for the foreseeable future. The living space is above average for the immediate area, though the lot size is comparatively compact.
Its appeal is for the practical, value-conscious buyer who wants the benefits of a new home but in an established, no-frills neighbourhood. It suits first-time homeowners looking to avoid the renovation projects common with older stock, or investors seeking a modern property with likely lower upkeep costs. The recent sale price of $330k positioned it well above average for the local area, reflecting a premium for its new condition. It’s a home for someone prioritizing modern interior systems and finishes over a large yard or established neighbourhood greenery.
Frequently Asked Questions
1. Is the basement finished?
No, the basement is present but unrenovated. It offers blank-canvas storage or future expansion space.
2. How does the property tax assessment compare to the sale price?
The assessed value is significantly lower ($31.6k) than the recent sale price ($330k). This is common in Manitoba, where assessments are not intended to reflect market value. Taxes are based on the mill rate applied to the assessed value.
3. The lot seems smaller than others. Is that a concern?
The land area is below average for the city and even for the Chalmers neighbourhood. This means lower exterior maintenance but less private outdoor space. It’s a trade-off that aligns with the home's modern, low-maintenance appeal.
4. What does the "bi-level" design mean?
A bi-level typically has a ground-level entry that leads to two short flights of stairs: one up to the main living areas and bedrooms, and one down to a lower level (often containing a garage, laundry, and additional space). This design can create distinct separation between living and utility zones.
5. The home is very new for the area. What should I consider?
While the home itself is new, it’s important to evaluate the established neighbourhood on its own merits. Consider the character of the surrounding older homes, the maturity of streetscape trees, and the typical amenities of the Chalmers area to ensure it meets your lifestyle expectations.
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