501 Larsen Avenue, Winnipeg
3A//Winnipeg/SS now with 24 hours' notice. Offers as received. Listed below the appraised value, this exceptional C1-zoned corner property offers a rare opportunity for investors and owner-occupants alike. Currently configured as a well-maintained side-by-side duplex, it delivers immediate cash flow while offering excellent long-term redevelopment or commercial potential. Unit A (3 bed 1 bath) rents for $1,550/month, Unit B (2 bed 1 bath) for $1,450/month, and the oversized double detached garage generates an additional $750/month, producing a total gross income of $3,750/month ($45,000 annually). Each tenant pays their own hydro, helping keep operating expenses low. Both units feature private entrances, separate laundry, and basements offering ample storage and future development possibilities. Situated on a prime corner lot with back lane access and additional access from Watt Street, the property also provides abundant parking. Conveniently located close to schools, shopping, public transportation, and everyday amenities, this is an outstanding opportunity to add a high-performing asset to your portfolio or live in one side while generating rental income from the other. Opportunities like this are hard to find. (id:1945)
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Property details for 501 Larsen Avenue, Winnipeg
- Type
- Duplex
- Style
- Bungalow
- Bedrooms
- 5
- Bathrooms
- 2
- Living Area
- 1,635 square feet
- Lot Size
- 4835
- Parking
- Detached Garage
- Heating
- Baseboard heaters, Forced air, Forced air, Electric, Natural gas
- Ownership
- Freehold
- Annual Taxes
- $3,568 (2025)
Nearby Listings Stat
Estimated price and comparable properties near 501 Larsen Avenue
Active Listings
5
Min Price
$164,900
Max Price
$559,900
Avg Price
$303,920
Days on Market
53
days
Sold Listings
6
Min Sold Price
$235,000
Max Sold Price
$469,900
Avg Sold Price
$359,100
Days until Sold
65
days
Neighbourhood Census Data
Winnipeg, Manitoba
Population
517
Median Age
37.1
Median Income
$30,432
Dwelling Value
$179,276
Housing Tenure
Owners 80%
Renters 20%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.5
Pop. Density: 4,995.2/km²
Avg Shelter Cost: $895/mo
Owners with Mortgage: 75%
Owners Spending 30%+: 9.4%
Tenants Spending 30%+: 50%
English only: 94.2%
English and French: 5.8%
Neither: 1%
Median Household Income: $56,512
Median Employment Income: $31,296
Price History
Listed
July 1, 2026
by RE/MAX EXECUTIVES REALTY
Current Price
$349,900
0% from last change
Type
Duplex
For Sale
Price Changes
2
| Date | Price | Change |
|---|---|---|
| Current | $349,900 | +$100 (0%) |
| Sep 14, 2026 | $349,800 | $100 (-0%) |
| Aug 19, 2026 | $349,900 | Listed |
