Property score
37.8
Below average
Overall 37.8 · Smaller than most nearby homes
760 sqft (bottom 30%) · Built in 1914 (20 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, 2 parks, and 1 place of worship nearby
Living Area
Below average
20% smaller than neighborhood avg.
Year Built
Near average
20 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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37.8 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
533 Larsen Avenue — 5 amenities found within 500 m, across 4 categories, including 1 dining (nearest 431 m), 1 education (nearest 368 m), 2 parks (nearest 134 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 48% | Bottom 48% | Bottom 9% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 8% | Bottom 14% | Bottom 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
533 Larsen Avenue is a compact, one-storey home in Winnipeg's Chalmers neighbourhood. Built in 1914, it sits on a modest lot and features a detached garage. The home has not undergone basement renovations. Its key metrics position it as a more affordable entry point within its local market.
This property’s primary appeal lies in its accessibility and location. With a living area of 760 sq ft and an assessed value significantly below the citywide average, it represents a lower barrier to entry for homeownership. Its appeal is for the practical, budget-conscious buyer—perhaps a first-time purchaser, an investor, or someone seeking a minimal footprint. The home is smaller than most on its street and in the city, but it sits in a neighbourhood where its age and size are more typical, helping it blend into the local fabric.
A thoughtful perspective is that this home may suit someone looking for a "blank slate" or a long-term hold. The unrenovated basement presents a clear opportunity (and project) for adding value or creating additional space. While the lot is smaller than area averages, it requires less maintenance, which can be a hidden benefit. The recent sale history shows notable price appreciation between 2020 and 2022, suggesting the area has momentum, making it a potential candidate for buyers willing to trade immediate size for future growth in a well-established community.
1. Is this a small house?
Yes. At 760 sq ft, the living space is below average for the street, the Chalmers neighbourhood, and Winnipeg overall. It’s a compact, efficient layout.
2. What does the assessed value tell me?
The assessed value of $15,400 is very low compared to the Winnipeg average, primarily reflecting the home's size, age, and market position. It generally indicates a lower property tax burden but is not a direct marker of market sale price.
3. How old is the home, and what does that mean?
Built in 1914, it is over a century old. While its age is around average for Chalmers, it typically means potential maintenance needs for older systems (like plumbing or wiring) should be factored into inspection and budgeting.
4. Is the basement finished?
No, the basement is noted as "not renovated." This means it is likely in a rough, unfinished state, offering storage space or the potential for future development subject to permits and codes.
5. How does the lot size impact the property?
The lot is 2,493 sq ft, which is smaller than most in the area. This limits expansive outdoor space but also reduces yard maintenance. The presence of a detached garage is a positive feature given the lot dimensions.
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