Property Overview: 351 Jamison Avenue, Winnipeg
Key Characteristics & Appeal
This is a classic one-storey home built in 1914, situated on a standard residential lot in the Chalmers neighbourhood. Its primary appeal lies in its value and potential. With a modest 660 sqft of living space and an unrenovated basement, it presents a straightforward, no-frills opportunity. The detached garage adds practical utility.
The home’s standout feature is its land. While the house itself is smaller and older than many in the city, the lot size is above average for its immediate street, offering a relative sense of space in the neighbourhood. This combination—a smaller, dated home on a decent lot—creates a clear value proposition. It last sold in 2016 for $130k, a price point significantly below city averages.
This property would suit a practical, value-oriented buyer. It’s a potential fit for a first-time homeowner comfortable with a project, an investor looking for a rental property with future redevelopment potential, or someone seeking an affordable entry into the neighbourhood with the option to renovate or expand over time.
Frequently Asked Questions
1. What is the true condition of the basement?
The listing explicitly states the basement is "not renovated." Buyers should budget for potential moisture management, foundational updates, or finishing work to make it a fully functional living space.
2. How does the assessed value relate to the likely sale price?
The city's assessed value is $15,100, which is for tax purposes only and is not a market valuation. The 2016 sale price of $130k is a more relevant benchmark, though current market conditions will determine the final price.
3. Is the lot large enough for an addition or future redevelopment?
The lot is 2,543 sqft, which is larger than many on Jamison Avenue. While specific zoning bylaws must be checked, the lot size provides more flexibility for future expansion, a garage workshop, or landscaping than a smaller parcel would.
4. What are the implications of the home's age (1914)?
While the building is structurally sound, its age means systems like wiring, plumbing, and insulation may require inspection and updating. However, this vintage also often comes with solid construction materials and classic architectural details.
5. How does this home compare to others in Chalmers?
The data shows this home is below the neighbourhood averages for living area and assessed value, but its lot size is competitive. This indicates you are purchasing more land relative to the house itself, which is a key differentiator from more modern, built-out properties in the area.