Property Overview
This 1914 one-and-a-half storey home on Larsen Avenue in Chalmers presents a specific and compelling opportunity. Its primary appeal lies in its generous proportions relative to its immediate context. With 1,336 sqft of living space, it ranks in the top 8% for size within the neighbourhood, offering significantly more room than many nearby homes. The lot size is also above average for the street. This combination suggests a home with inherent space and potential, positioned on a street of similar vintage homes. It last sold in 2021 for $17,500, with a current assessed value of $18,300.
The property suits a specific buyer: someone looking for a foundational investment in a character home, willing to undertake renovations. The basement exists but is noted as not renovated, and there is no garage. Its value is not in move-in readiness, but in the solid footprint and lot it provides. A thoughtful perspective is that this home represents a "blank canvas" within a historic streetscape—it offers the rare chance to customize a spacious, older home without the premium price often attached to already-renovated properties. It’s a practical choice for a hands-on buyer or investor focused on long-term value over immediate convenience.
Frequently Asked Questions
1. Why is the sale price and assessed value so much lower than the city-wide average?
This is typical for the Chalmers neighbourhood, where property values are generally below the Winnipeg average. The price reflects the local market and the home’s need for modernization, not the square footage or lot size.
2. What does "above average" living area really mean for this home?
While the 1,336 sqft is around average city-wide, it is notably larger than most homes on its street and in Chalmers. This means you get more interior space than many neighbouring properties, which is a key advantage in this area.
3. What are the implications of the "not renovated" basement?
This indicates the basement is in original or utilitarian condition. It likely has foundational utility (furnace, laundry) but will require investment to finish for living space. Buyers should budget for necessary moisture control and upgrades.
4. The home is 112 years old. What should I be most concerned about?
Standard for its age, priority checks should include the foundation, roof, wiring, and plumbing. Its longevity also suggests durable construction materials, but a thorough inspection is essential to understand the scope of needed updates.
5. Who would this property not be suitable for?
It is not a match for buyers seeking a turn-key, modern home with a garage and finished basement. It also may not suit those unwilling to manage or budget for the renovations an older home of this vintage will require.