Property score
38.7
Below average
Overall 38.7 · Compared with neighbourhood average
784 sqft (bottom 33%) · Built in 1914 (20 yrs older than avg)
Located in a average-income area with median household income of ~58.4k
Transit 86.0 · 3-min walk to transit with 4 nearby routes · Within 500m: 1 dining spot, 1 school, and 4 parks nearby
Living Area
Below average
18% 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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38.7 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
550 Larsen Avenue — 6 amenities found within 500 m, across 3 categories, including 1 dining (nearest 419 m), 1 education (nearest 298 m), 4 parks (nearest 85 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 | Bottom 20% | Bottom 28% | Bottom 5% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 550 Larsen Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home, built in 1914, presents a straightforward opportunity in Winnipeg's Chalmers neighbourhood. Its key characteristics are defined by modest scale and value. The living area of 784 sq ft is typical for the immediate area, offering a compact layout. It sits on a 2,502 sq ft lot, which is smaller than most in the city but reasonably aligned with local street and neighbourhood averages. A detached garage and a full, unrenovated basement are noted features.
The primary appeal lies in its position as an accessible entry point into the market. With a historically low assessed value and a last sale price significantly below the citywide average, it represents one of the more affordable detached home options available. It suits buyers with practical priorities: first-time purchasers seeking a foothold, investors looking for a rental property with lower entry costs, or those comfortable with a home that may require updates over time. A thoughtful perspective is that its smaller lot and home size translate to lower maintenance demands and utility costs, which can be a sustainable choice for individuals or small households. Its age and unrenovated state mean it lacks modern finishes, but also offer a blank canvas for personalization without the premium of prior renovations.
Section 2: Frequently Asked Questions
1. Is the home in move-in condition?
The listing notes the basement is "not renovated," which suggests the home likely requires some updates or cosmetic work. Prospective buyers should budget for potential improvements.
2. How does the property's value compare to others?
The assessed value is notably below average for Winnipeg, placing it in the bottom 5% citywide. However, it is more aligned with values in the Chalmers neighbourhood, indicating it is a competitively priced option within its local market.
3. What is the neighbourhood like?
The home is in Chalmers, an established area with many homes of a similar vintage. The provided comparable properties on nearby streets like Harbison and Martin Avenue suggest a streetscape of well-maintained, older character homes.
4. Are there any major concerns with a house this old?
Built in 1914, the home will have the expected considerations of any century-old property. A thorough inspection is essential to evaluate the condition of foundational systems like wiring, plumbing, and the roof.
5. What is the potential for future expansion or renovation?
The full basement offers potential for additional living space, subject to renovation. The lot size, while smaller than the city average, is consistent with others on the street and may allow for a small addition, but significant expansion could be limited.
