Property Summary: 487 Jamison Avenue, Winnipeg
Key Characteristics & Appeal
This 779 sqft bi-level home at 487 Jamison Avenue, built in 2009, presents a practical and modern living option within Winnipeg's Chalmers neighborhood. Its primary appeal lies in its contemporary build age, which is notably newer than most homes in its immediate area and across the city, suggesting potentially lower maintenance and updated building systems. The home features a renovated basement, adding functional living space.
The property stands out for its above-average assessed value relative to its street and neighborhood, indicating it is viewed as a higher-value asset in its local context. However, it offers a more compact living and land footprint (2,540 sqft lot) compared to area averages, which translates to less yard upkeep. This combination makes it particularly suited for first-time homebuyers, downsizers, or investors seeking a relatively modern, low-maintenance property without a large yard. It offers a way to enter the market with a newer home, trading some interior and exterior space for the benefits of a recent construction year and a finished basement.
Frequently Asked Questions
1. How does the property's size compare to nearby homes?
At 779 sqft of living space, the home is slightly below the average for the Chalmers area but is quite modern for its size. The lot size is compact, which means less outdoor maintenance but also limited private outdoor space.
2. Why is the assessed value higher than many neighbors'?
The assessed value ranks well above average for both the street and the neighborhood. This is likely strongly influenced by the home's 2009 build year, which is significantly newer than the area's typical housing stock, and the renovated basement.
3. What does the 2009 build year mean for a buyer?
A 2009 construction offers advantages like modern building codes, newer major components (roof, furnace, etc.), and likely better energy efficiency compared to the many century-old homes in the wider city. It may mean fewer immediate major repairs.
4. Who might this property not suit?
It may not be ideal for those needing multiple bedrooms or large living areas, given its below-average square footage. The compact lot also may not suit buyers wanting extensive gardens, play space, or room for additions.
5. Is the sold price from 2022 a good indicator of current value?
The July 2022 sale price provides a historical benchmark, but market conditions have shifted. The current assessed value and recent comparable sales in the area should be reviewed alongside a professional appraisal for an accurate current market value.