Property Overview: 522 Larsen Avenue, Winnipeg
Key Characteristics & Appeal
This three-storey home, built in 2023, stands out for its modern construction and exceptional interior space within its context. With 2,424 sqft of living area, it ranks in the top 1% for size both on its street and in the broader Chalmers neighbourhood, offering significantly more room than typical local homes. Its assessed value also places it in the top tier locally, indicating a premium property for the area. The appeal lies in acquiring a like-new, spacious home without the wait of new construction, in an established neighbourhood where it is a clear standout in terms of modernity and scale. The trade-off is a land area that is more compact than area averages.
This property would suit a buyer looking for modern finishes, minimal upkeep, and maximum interior space who values being in an established community. It’s ideal for those who prioritize home size and new infrastructure over a large yard. Given its metrics, it would also appeal to an investor or homeowner looking for a property that holds a unique, top-tier position in its immediate market.
Frequently Asked Questions
1. Why is the assessed value relatively low compared to the city-wide average?
The assessed value is reflective of the local Chalmers market, where it ranks in the top 1%. City-wide averages include homes from many higher-value neighbourhoods, so this assessment indicates a premium property within its specific area rather than the entire city.
2. How does such a new home fit into this neighbourhood?
The home is a modern infill, built in 2023 amidst older, predominantly early-1900s homes. This offers the benefit of new construction in a settled area, though the architectural style and lot size may differ from neighbouring properties.
3. What does "Elite — Top 1%" for Living Area mean practically?
It means that for its street and the Chalmers area, this home is larger than 99% of comparable properties. You are getting significantly more interior space than is typical, which is a major advantage if you need room to grow or simply desire spacious modern layouts.
4. Is the lack of a basement or garage a concern?
The listing notes no basement and no garage. This is common for some newer infill designs and simplifies maintenance, but it reduces storage and utility space. Buyers would need to consider alternative storage solutions and where to park vehicles.
5. The land area is noted as "below average." How impactful is this?
The lot is smaller than most in the area. This means less outdoor private space for gardening or recreation, but it also translates to less yard maintenance. The focus of this property is squarely on the interior living experience.