Property Overview & Appeal
This two-storey home at 223 Jamison Avenue is a standout property in Winnipeg's Chalmers neighbourhood, built in 1955. Its primary appeal lies in its exceptionally generous proportions. The living space of 2,294 sq ft is in the top 1% for both its street and the wider neighbourhood, offering far more interior room than typical area homes. It sits on a larger-than-average lot (4,691 sq ft), providing valuable outdoor space. A key feature is the renovated basement, adding to the functional living area. The home last sold in 2016 for $460k, a price point that was well above average for the area at the time, reflecting its premium size and condition.
This property would best suit buyers looking for a spacious, established home in a mature neighbourhood without the footprint of a new suburban build. It’s ideal for a growing family that needs multiple rooms or dedicated spaces for work and hobbies, or for someone who values the character and larger lot sizes found in older areas. The renovated basement also adds appeal for those wanting modern amenities with move-in readiness.
Frequently Asked Questions
1. What does the "Elite" ranking for Living Area actually mean?
It means this home's interior square footage is larger than 99% of the listed comparable homes on its street and in the Chalmers neighbourhood. You are getting significantly more house than is typical for the area.
2. The assessed value seems low at $48.80k. Is that accurate?
Yes, but it's important to understand that municipal assessed values in Manitoba are not market values. They are used for calculating property taxes. The much higher historical sale price of $460k is the relevant figure for understanding the home's market value.
3. There's no garage. How does that impact the property?
The lack of a garage is a trade-off for the home's large lot and interior space. It may require creative solutions for vehicle parking and storage, but the lot size offers potential for adding a garage or sheltered parking in the future, subject to local bylaws.
4. The home is 71 years old. What should I consider?
While the basement has been renovated, the core structure and major systems (like plumbing, electrical, and the roof) are of an age where inspection is crucial. A thorough home inspection is highly recommended to understand the condition and any potential upcoming investments.
5. The sale price in 2016 was "Top 1%." Is it still a premium property?
The data indicates it was a premium property due to its size and renovation. Whether it commands a similar premium today depends on current market conditions, the state of updates maintained since 2016, and how its unique offering of space compares to other available homes. Its enduring value lies in its scarce combination of large interior and lot size in an established area.