Property Summary: 480 Larsen Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, character home built in 1929, situated on a standard-sized lot in the Chalmers neighbourhood. Its primary appeal lies in its affordability and efficient scale, with an assessed value of $199k that is significantly below the Winnipeg city average. The home offers a practical, low-maintenance footprint at 668 sqft, which is typical for its immediate area but well below the size of a modern city-wide average home.
The property is best suited for first-time buyers, downsizers, or pragmatic investors seeking an entry point into the market with lower property taxes and upkeep. A thoughtful perspective is that this home represents the "missing middle" in housing—a modest, historically consistent size that contrasts with newer, larger builds. Its value is firmly anchored in its local context; while its size and value rank in the bottom tiers city-wide, they are much more aligned with the norms of Larsen Avenue and Chalmers. This suggests a stable, established streetscape without the premium paid for extra space or new construction.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($199k) is very close to the average for Larsen Avenue and the Chalmers area, making it a strong benchmark for market value in this specific location, though final sale price always depends on market conditions.
2. How does the smaller living area impact livability?
At 668 sqft, the home is efficient and cozy. It necessitates a minimalist lifestyle or clever use of space, but its size is common and functional for the neighbourhood, appealing to those who prioritize simpler living over ample square footage.
3. What should I consider about a home built in 1929?
While the home is well-maintained for its age, potential buyers should budget for updates to older mechanical systems, insulation, or windows. A positive is that its construction date is actually newer than many peers on its street.
4. Why is the city-wide comparison so different?
The data highlights a key market insight: housing in this area is fundamentally different from the Winnipeg average. The city-wide averages are pulled much higher by newer, larger suburban homes. This property offers value within a more affordable and established urban segment.
5. How can I get exact historical sale prices for this property?
The website does not display MLS sold data. You must request exact figures via email through the "Request exact figures by email" button on the listing page. The service is manual but provided without obligation.