260 Larsen Avenue

Property Overview

This one-storey home at 260 Larsen Avenue in Winnipeg's Chalmers neighbourhood presents a specific value proposition centred on land and location. Built in 1913, its 710 sqft of living space is compact, and the basement is noted as unrenovated. The home sits on a 3,300 sqft lot and includes a detached garage.

Its primary appeal lies in its above-average lot size for the immediate street and a relatively modest assessed value, suggesting an entry point into the market. The property suits practical buyers looking for a footprint to call their own, with the vision and budget to gradually update an older home. It's particularly fitting for first-time homeowners, investors seeking a rental property, or downsizers who value a smaller interior to maintain but appreciate outdoor space. A thoughtful perspective is that this home represents a "blank canvas" on a well-sized plot in an established area, where the value is more in the potential of the land and location than in the current structure.

Frequently Asked Questions

1. How does the lot size compare to others?
The 3,300 sqft lot is in the top 10% for size on Larsen Avenue itself, meaning it's larger than most direct neighbours. It's about average for the broader Chalmers neighbourhood.

2. Is the home in move-in condition?
The listing notes the basement is "not renovated," and given the home's age (1913) and below-average living area size, buyers should anticipate a property that likely requires updates and maintenance.

3. What is the typical price for this area?
The home's last sale was in 2016 for $180,000. Its current assessed value is $200,000, which is around average for its street and neighbourhood but below the Winnipeg city-wide average.

4. What type of heating or utilities should I expect?
Details aren't provided, but for a home built in 1913, prospective buyers should investigate the age and condition of major systems like heating, plumbing, and electrical during an inspection.

5. Is there potential for expansion or redevelopment?
The combination of a larger-than-standard lot for the street and a small, older structure could present future opportunities, subject to local zoning bylaws and building codes. This is a key point for buyers to research with the city.