Property score
46.7
Below average
Overall 46.7 · Newer than most nearby homes
770 sqft (bottom 31%) · Built in 2008 (74 yrs newer than avg)
Located in a average-income area with median household income of ~58.4k
Transit 86.0 · 2-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
Below average
19% smaller than neighborhood avg.
Year Built
Above average
74 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
46.7 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
541 Larsen Avenue — 6 amenities found within 500 m, across 4 categories, including 1 dining (nearest 442 m), 1 education (nearest 352 m), 3 parks (nearest 111 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 20% | Top 22% | Bottom 22% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
541 Larsen Avenue is a modern, compact bi-level home in Winnipeg's Chalmers neighborhood. Built in 2008, it stands out in an area with many older homes, offering a relatively new build with a renovated basement. Its appeal lies in this contemporary foundation within an established community. The home is modest in size at 770 sqft and sits on a smaller lot, but it carries an assessed value significantly higher than most immediate neighbors, suggesting solid construction and updates. This property would suit first-time buyers, downsizers, or investors looking for a low-maintenance, modern home without the premium of a brand-new subdivision. It’s a practical choice for someone who values newer mechanical systems and interior finishes over square footage or yard space.
Key Characteristics & Appeal:
1. Is this a good value compared to other homes on the street?
The data suggests it is. While similar in size to others on Larsen Avenue, its assessed value is in the top 12% for the street, and it sold for a premium price in 2016. This points to it being considered a higher-quality or better-updated home within its direct vicinity.
2. What are the trade-offs with a newer home in an older neighborhood?
The benefit is a modern build with likely fewer immediate repair issues. The trade-off is that the home and lot are more compact than the citywide average. You’re investing in the building’s condition rather than in square footage or a large yard.
3. The lot seems small. Is that a major drawback?
It depends on your lifestyle. The lot is below average in size for the area. This is a drawback if you want significant outdoor space for gardening or entertaining. However, it’s a notable advantage for those seeking minimal yard maintenance.
4. How does the living space compare to a typical Winnipeg home?
At 770 sqft, the living area is below the Winnipeg average. This confirms the home is compact. The renovated basement provides additional functional space, making it efficient for individuals, couples, or small families.
5. What does the high assessed value relative to the neighborhood actually mean?
It primarily means the municipal property assessment is higher than for most older homes nearby. This typically reflects the home’s newer construction and condition. It’s important to note that assessed value is not market value, but it does indicate the home is a standout in its local market context.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
