Property Overview: 378 Larsen Avenue, Winnipeg
Key Characteristics & Appeal
This 1954 one-storey home in Chalmers presents a practical and updated living space. Its key features include a renovated basement and a detached garage. The appeal lies in its above-average positioning within its immediate area: the lot size (3,298 sqft) is larger than most on Larsen Avenue, the living area (1,080 sqft) is spacious for the neighbourhood, and the home itself is newer than many nearby. The 2022 sale price of $270k also indicates it has been a competitively valued property in the local market.
This home would suit first-time buyers or downsizers looking for a solid, move-in-ready bungalow without the premium of a new build. It’s a home for someone who values the character and established feel of Chalmers, appreciates having a renovated basement for extra living space, and wants a property that stands out favourably against its direct neighbours in terms of size and modern updates. A less obvious perspective is that its relatively newer build year (1954) compared to many area homes could mean fewer immediate concerns with aging infrastructure, while the below-average citywide assessed value highlights its affordability within the broader Winnipeg market.
Frequently Asked Questions
1. How does the lot size compare to others?
The 3,298 sqft lot is larger than average for both Larsen Avenue and the wider Chalmers neighbourhood, offering more outdoor space than many comparable properties.
2. Is the basement fully finished?
Yes, the basement has been renovated, adding valuable living space to the home's 1,080 sqft main floor area.
3. What does the "above average" ranking for Year Built mean?
Built in 1954, this home is newer than roughly 80-85% of the homes in its immediate area, which often feature earlier 20th-century construction dates.
4. How does the 2022 sale price of $270k relate to its assessed value?
The sale price significantly exceeds the listed assessed value of $24,800k, which is not uncommon. The assessed value is for tax purposes, while the sale price reflects the actual market value at that time, indicating strong buyer interest.
5. What are the nearby properties like?
The immediate vicinity consists of similar one-storey homes on Larsen Avenue. The provided comparisons show a mix of older, similarly sized homes and, notably, a much newer (2020) build nearby, suggesting a neighbourhood with evolving character.