Property Overview: 326 Jamison Avenue, Winnipeg
Key Characteristics & Appeal
This is a classic one-storey home built in 1913, situated on a standard-sized lot in the Chalmers neighbourhood. Its primary appeal lies in its value proposition and potential. With a modest 720 sqft of living space and an unrenovated basement, it presents a straightforward, affordable entry into homeownership. The home recently sold for $150,000, a price point significantly below both neighbourhood and city-wide averages, highlighting its accessibility.
The property suits first-time buyers, investors, or handy individuals comfortable with a home that requires updates. Its charm is not in immediate move-in readiness, but in the opportunity it provides. The detached garage adds practical utility, and while the home ranks below average for size and assessed value city-wide, it holds a more moderate position within its immediate area on Jamison Avenue. This suggests it’s a typical offering for this specific street—a pragmatic choice for those seeking a lower-cost footprint with the freedom to customize over time, rather than a premium or expanded property.
Frequently Asked Questions
1. What does "unrenovated basement" typically imply?
It usually means the basement is in original or functional condition, but not modernized. Expect basic finishes, older mechanical systems (like the furnace or wiring), and potential moisture concerns that should be professionally inspected.
2. How significant is the 1913 build date?
While it offers character, it necessitates a focus on maintenance. Key considerations include the age and material of plumbing and electrical systems, insulation levels, and the foundation's condition. It is an older home even for its historic street.
3. The assessed value is much lower than the sale price. Why?
Municipal assessed value is for tax purposes and often lags behind the current market. The sale price reflects what a buyer was willing to pay in the open market, which can be influenced by demand, condition, and recent comparable sales.
4. Is the lot size a pro or con?
At just over 3,000 sqft, the lot is manageable and average for the area. It's sufficient for outdoor space and gardening without demanding excessive upkeep, aligning with the home's low-maintenance appeal.
5. Who would this property not suit?
It’s likely not a fit for those seeking a modern, turn-key home without renovation projects. Families needing significant space or those unwilling to invest in potential foundational or systemic updates of a century-old home may want to look at newer builds.