Property Overview: 249 Jamison Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This one-and-a-half storey home on Jamison Avenue in Chalmers is a property defined by its context and potential. Built in 1913, it is a classic century home with a generous 3,058 sqft lot, which ranks well above average for its immediate street. The living space (1,016 sqft) is also notably larger than most comparable homes in the area, offering more interior room than typical for the neighbourhood. Key features include a detached garage and a basement that is present but not renovated.
The primary appeal lies in its land value and the opportunity it presents. The lot size is a significant asset in an area where properties are often more compact. For a buyer comfortable with a home of this vintage, it offers a solid foundation with room to grow, either through renovation or expansion. The very low assessed value points to a property that is under-improved relative to its land, which can be an advantage for investors or hands-on homeowners looking to add value.
This property would best suit a pragmatic buyer, such as a renovator, an investor seeking a land-value play, or a first-time homeowner willing to trade modern finishes for space and potential. It’s less suited for someone seeking a move-in-ready home, given the age and the unrenovated basement.
Frequently Asked Questions
1. What does "not renovated" for the basement imply?
It typically means the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates to insulation, flooring, or finishes, and should inspect for any moisture issues common in homes of this era.
2. The assessed value seems very low. Why is that?
The assessed value is based on the property's current state and recent sale price, not potential. A low assessment often reflects the age of the home and a lack of recent major upgrades, keeping property taxes lower—a benefit for a buyer planning improvements.
3. How does the lot size compare practically?
At over 3,000 sqft, the lot is a standout feature for the street. This provides more outdoor space than neighbours, room for a garden, play area, or future additions like a deck or shed, which are not always possible on smaller urban lots.
4. What should I consider about a home built in 1913?
While offering character, a 113-year-old home requires careful attention to foundational integrity, original wiring and plumbing, and window efficiency. A thorough inspection is essential, but many original materials from this period are durable and of high quality.
5. The home last sold in 2016. What does that recent history suggest?
A sale eight years ago indicates the current owners have held the property for a moderate period. It suggests stability, but also that major updates may not have been undertaken during that time, reinforcing the "project" or value-add nature of the property.