Property Overview
This one-and-a-half storey home on Jamison Avenue, built in 1914, presents a straightforward opportunity in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in its land value and location context. With a 3,055 sqft lot that is above average for its immediate street, the property offers more outdoor space than many nearby homes. The living area is a modest 845 sqft, characteristic of its era. Recent sale prices and the current assessed value are significantly below the city-wide average, positioning it as an accessible entry point. The detached garage adds practical utility.
This home would suit a value-focused buyer, such as a first-time purchaser comfortable with a renovation project, or an investor looking for a land-hold opportunity in a stable, established area. Its smaller interior may also appeal to those seeking to minimize maintenance and utility costs. A less obvious perspective is that, while older, its age is typical for the street, meaning renovation resources and contractor familiarity with similar homes are likely available locally.
Frequently Asked Questions
1. Is this a teardown or a renovation project?
Given its age and modest living area, some buyers may consider a full rebuild. However, its recent sale history suggests it has been maintained as a habitable property. A professional inspection is essential to determine the feasibility and scope of any renovation.
2. How does the below-average city-wide ranking affect value?
While its metrics rank below Winnipeg's overall averages, they are generally around or above average for its specific street and neighbourhood. This indicates you are paying for a property that fits its local context, not for city-wide features like newer construction or larger square footage found in suburban areas.
3. What does the significant difference between the 2021 and 2022 sale prices indicate?
The drop from $200k to $22.5k suggests a major change in circumstances, possibly a sale to a related party, a lot-value-only transaction, or a sale "as-is" with significant conditions. Reviewing the full listing history and legal details would be crucial to understand this fully.
4. Is the lot size a major advantage?
The lot is above average for Jamison Avenue, which is a relative advantage on this street. However, it remains below the neighbourhood and city averages for lot size. It offers more private outdoor space than immediate neighbours but is not an unusually large parcel.
5. Who might this property not suit?
It is likely not a match for buyers seeking a move-in-ready home with modern finishes, or for those who need substantial living space without undertaking major renovations. The lower assessed value also suggests corresponding municipal tax responsibilities, but buyers should verify the current tax amount.