Property Overview: 282 Larsen Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1914, presents a classic opportunity in Winnipeg's Chalmers neighborhood. Its key features include an 830 sqft living area, a full (but unrenovated) basement, and a detached garage on a 3,299 sqft lot. The appeal lies in its grounded positioning: while the home itself is modest in size and requires updates, it sits on a lot that is above average for its immediate street and neighborhood. This creates a tangible value proposition centered on land potential. The assessed value is notably lower than the citywide average, suggesting an entry point into the market.
It would suit a practical buyer looking for a starter home or a long-term investment. This could be a hands-on individual willing to renovate over time, or an investor recognizing the underlying value of the lot in a stable area. A less obvious perspective is that for its specific street and neighborhood cohort, this property holds its own—it's not an outlier, but a typical, solid building block of the community, offering authenticity over modern finishes.
Section 2: Frequently Asked Questions
1. What does "above average" for land area actually mean?
It means the 3,299 sqft lot is larger than 82% of comparable properties on Larsen Avenue itself, offering more outdoor space than most of its direct neighbors.
2. Is the basement finished or usable?
The listing specifies the basement exists but is "not renovated." Buyers should anticipate it being in original or utility condition, requiring work to become finished living space.
3. How does the assessed value compare to nearby homes?
At $220k, it is around the average for Chalmers. Nearby reference properties on Martin Avenue have higher assessed values, but also significantly more living space.
4. What are the implications of the home's age (1914)?
While the structure is historic, its age is typical for the area. Buyers should prioritize a thorough inspection for foundational integrity, wiring, and plumbing common to homes of this era.
5. Who determines the "rankings" and what are they based on?
The rankings are a statistical comparison against three groups: homes on the same street, in the Chalmers neighborhood, and across the entire city. They are based on public data for land size, year built, living area, and assessed value.