Property score
50.8
Fair
Overall 50.8 · Newer than most nearby homes
895 sqft (bottom 49%) · Built in 2013 (79 yrs newer 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, 3 parks, and 1 place of worship nearby
Living Area
Near average
6% smaller than neighborhood avg.
Year Built
Above average
79 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
50.8 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
557 Larsen Avenue — 6 amenities found within 500 m, across 4 categories, including 1 dining (nearest 465 m), 1 education (nearest 322 m), 3 parks (nearest 66 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 6% | Top 4% | Bottom 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 557 Larsen Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 2013-built bi-level home at 557 Larsen Avenue presents a distinct profile. Its primary appeal lies in being a modern structure within an established neighbourhood, offering a renovated basement and a manageable, efficient footprint of 895 sq ft. The lot size of 2,490 sq ft is modest for the area, suggesting lower maintenance.
The home’s standout characteristic is its age. Built in 2013, it is a significantly newer construction than most homes on its street and in the wider Chalmers area, where the average build year is around the 1930s. This translates to likely benefits such as modern building codes, newer major systems (like plumbing and electrical), and contemporary layout expectations, potentially reducing immediate repair costs.
Its appeal is nuanced. It would suit a first-time buyer, downsizer, or pragmatic investor seeking a low-maintenance, modern home without the premium of a brand-new subdivision. The renovated basement adds valuable flexible space. A thoughtful perspective is that the smaller lot and living area, while below city averages, contribute to affordability and efficiency—a trade-off that aligns with a simpler lifestyle. The recent sale price indicates it is valued highly within its immediate context, suggesting the market recognizes the premium for newer construction in this locale.
Section 2: Frequently Asked Questions
1. What does "renovated basement" in a 2013 home typically imply?
Given the home's modern build, a renovation likely means a purposeful update or finish to the lower level, such as creating a living space, bedroom, or recreational area, rather than addressing foundational or moisture issues common in much older homes.
2. How does the smaller lot size impact living here?
The lot is below average for the street and neighbourhood. This means less yard maintenance, which is a benefit for those seeking simplicity. However, it also means less private outdoor space for gardening or recreation compared to many neighbouring properties.
3. The assessed value seems low. Why is that?
Property assessments in Manitoba are for tax purposes and are not market valuations. The assessed value of $29.2k is not the home's price. The recent sale at $33.3k is the market value, and it ranked well above average for the immediate area, reflecting its desirability as a newer build.
4. Who are the typical neighbours in terms of the homes?
You will be surrounded primarily by homes built in the early to mid-1900s. This home is an outlier in age, meaning the neighbourhood character is well-established, but your home will have notably newer infrastructure.
5. Is there parking or a garage?
The listing specifies no garage. Parking would be via driveway or street. The lack of a garage is common for many homes in the area and is reflected in the home's overall profile as a more compact property.
