291 Jamison Avenue

Property Summary: 291 Jamison Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home built in 1914 on a standard 3,056 sqft lot in the Chalmers neighbourhood. Its primary appeal lies in its position as an affordable, no-frills property, likely suited for land value or as a foundational investment. The home itself is modest, with 913 sqft of living space and an unrenovated basement, and it does not include a garage or pool.

The data reveals a nuanced picture: while the home's metrics are below Winnipeg city-wide averages, they are consistently average or better within its immediate area. Notably, the lot size ranks in the top 27% on its own street, suggesting the land itself may be a relative strength for the location. The most recent sale was in 2020 for $19,700, with a current assessed value of $20,200.

This property would best suit a specific type of buyer: an investor or handy purchaser looking for an entry point into the market, comfortable with a project or holding land. It’s not a move-in-ready home but a base for future renovation or redevelopment. Its appeal is pragmatic, rooted in low carrying costs and the potential of its lot rather than its current condition.

Section 2: Frequently Asked Questions

1. Why is the sale price and assessed value so much lower than the city-wide average?
The values reflect the home's age, compact size, and need for updating. They are aligned with similar properties in the immediate Chalmers area, indicating this is a neighbourhood with more affordable entry points compared to the Winnipeg average.

2. What does "for land value" really mean for a buyer?
It suggests the existing house may have limited intrinsic value in its current state. The primary asset is the lot itself. A buyer might be purchasing with a long-term plan to significantly renovate, rebuild, or simply hold the land as an investment.

3. How does the lot size compare meaningfully?
While below the city average, the lot is actually above average for Jamison Avenue itself. This means it offers more outdoor space or potential than many direct neighbours, which could be a relative advantage for parking, gardening, or future expansion.

4. What should I expect with an unrenovated basement in a 1914 home?
You should anticipate foundational systems (like plumbing, electrical, and insulation) that are likely outdated. It will require inspection and significant investment to modernize and finish. It represents potential, but also a known project cost.

5. Who are the typical neighbours or comparable buyers here?
Given the similar assessed values of nearby properties and apartment-style condos listed as comparables, the area likely attracts budget-conscious buyers, investors, and possibly renters. It’s a practical, non-pretentious community.