Property Overview
This one-storey home at 370 Larsen Avenue in Winnipeg's Chalmers neighbourhood presents a straightforward opportunity centered on its lot and location. Built in 1953, it sits on a 3,298 sqft lot, which is a practical, average-sized parcel for the immediate area. The 844 sqft living space is compact, and the home features a detached garage and an unrenovated basement. It recently sold for $260,000, a price point that was above average for its street but below the city-wide average, highlighting its positioning as an affordable entry in a specific local context.
Key Characteristics & Appeal
The primary appeal of this property lies in its land and established neighbourhood setting. The lot size is squarely typical for Chalmers, offering adequate outdoor space without the maintenance burden of a much larger yard. Its 1953 build date makes it newer than many homes on the street and in the area, potentially suggesting fewer concerns related to very old infrastructure.
This home would suit a practical, value-conscious buyer. It's ideal for a first-time homeowner comfortable with a smaller footprint and willing to tackle basement updates over time. It could also appeal to an investor looking for a land-value play with a rentable structure. The above-average sale price for the street indicates it was likely seen as a solid asset within its very local market, rather than a city-wide standout. Its appeal is less about luxury or move-in-ready finishes and more about securing a grounded, no-frills property in an established community.
Frequently Asked Questions
Q: How does the lot size compare to others?
A: The lot is 3,298 sqft, which is very close to the average for both Larsen Avenue and the broader Chalmers neighbourhood. It provides a standard-sized urban yard.
Q: Is the house newer or older than surrounding homes?
A: Built in 1953, it is notably newer than the average home on its street (avg. ~1930) and in Chalmers (avg. ~1934). This is one of its relative advantages.
Q: Why is the assessed value so much lower than the sale price?
A: The assessed value for tax purposes ($22,900) is not a market valuation. The $260,000 sale price reflects the current market value, which was above average for this specific street.
Q: What is the living space like?
A: At 844 sqft, the living area is modest and slightly below the local average. It's a compact one-storey layout, so buyers should be prepared for efficient use of space.
Q: How does the sale price fit into the Winnipeg market?
A: While the $260,000 price was above average for its immediate area, it sits below the city-wide average sale price, positioning it as an affordable entry point within the broader Winnipeg market.