Property Overview & Key Characteristics
This two-storey home at 307 Larsen Avenue in Winnipeg's Chalmers neighbourhood presents a compelling mix of modern convenience and established community living. Built in 2008, it is a notably newer construction compared to most homes on its street and in the wider area, offering contemporary building standards and likely lower immediate maintenance needs. Key features include an attached garage and a renovated basement, adding valuable finished living space to the 1,200 sqft main footprint.
The home’s appeal lies in its balanced positioning. It sits on a standard city lot (3,298 sqft) that is typical for the local area, providing manageable outdoor space. The data suggests a strong value proposition for the neighbourhood, with an assessed value significantly higher than area averages, indicating above-average improvements and condition for Chalmers. This property would suit first-time buyers or small families looking for a move-in-ready, modern home without the premium of a brand-new subdivision. It also appeals to practical buyers who want the space and utility of a two-storey with a garage but prefer a neighbourhood with mature character over a sprawling, distant lot.
Frequently Asked Questions
Q: How does the lot size compare?
A: The land area is very typical for both Larsen Avenue and the Chalmers neighbourhood, aligning with the local standard. It is, however, below the city-wide average, which is skewed by larger suburban lots.
Q: What does the high assessed value relative to the area mean?
A: While the sale price is the market determinant, an assessed value in the top 5% for the neighbourhood often reflects the home's newer construction (2008) and renovated condition compared to the many older homes nearby. It suggests the property is considered a premium offering within this specific community.
Q: Is the living space considered large?
A: At 1,200 sqft, the living area is above average for both the immediate street and Chalmers, providing more interior space than many neighbouring homes. City-wide, it sits right at the median, offering a comfortably sized but not exceptionally large footprint.
Q: What is the context of the 2020 sale price?
A: The $280,000 sale price from December 2020 was above average for both the street and neighbourhood at that time. It reflects the property's desirable attributes. Current market value would require a new comparative market analysis.
Q: Are the nearby comparison properties similar?
A: The listed nearby properties on Larsen Avenue are useful for location context, but the "similar assessed value" examples are primarily for tax assessment comparison and are located in different neighbourhoods (like Varsity View), not indicating similar home types or market values in Chalmers.