Property Overview: 333 Jamison Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1954, sits on a notably spacious lot in the Chalmers neighbourhood. Its primary appeal lies in its above-average land size (4,578 sq ft), which offers significant outdoor space and potential relative to most homes on its street and in the area. The home itself has a renovated basement and a living area that is comfortably larger than many neighbouring properties. While it lacks a garage and pool, its value proposition is grounded in its generous lot and solid, updated fundamentals.
The property would suit a practical buyer looking for space and value in a well-established neighbourhood. It’s ideal for a first-time homeowner seeking room to grow, a downsizer wanting a manageable home with a large yard, or an investor attracted by the below-city-average assessed value, which suggests a potentially lower property tax burden. A thoughtful perspective is that this home represents a "blank canvas" opportunity—its lot size is a rarity for the area, offering future potential for expansion, gardening, or outdoor living that newer subdivisions often can't match.
Frequently Asked Questions
1. How does the lot size compare practically?
The lot is over 4,500 square feet, placing it in the top 15-20% for the Chalmers area. This means the yard is significantly larger than the typical local property, offering more privacy and space for activities or landscaping.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key point to clarify with the seller or agent to understand if it’s a finished living space, a modernized utility area, or something in between.
3. Why is the assessed value so much lower than the last sale price?
The city’s assessed value for tax purposes ($25,800) is often calculated using a different methodology and lags behind the current market. The 2019 sale price of $220k is a more relevant indicator of its market value, though conditions have changed since then.
4. What is the neighbourhood like?
The home is in Chalmers, a mature neighbourhood in Winnipeg. The presence of homes built from the 1920s to a new build from 2020 on the same street suggests an area with a mix of long-term residents and recent investment.
5. Are there any obvious concerns from the data?
The home lacks a garage, which is a consideration for parking and storage. Additionally, while the living area is above average for the immediate area, it is slightly below the city-wide average for homes, so the interior space is comfortable but not expansive. The lot size is the standout feature.