500 Jamison Avenue

Property Overview & Key Characteristics

This one-storey home at 500 Jamison Avenue in Winnipeg's Chalmers neighbourhood presents a practical opportunity. Built in 1914, its key appeal lies in offering above-average living space (1,306 sq ft) for its immediate area, ranking in the top 10% locally. The assessed value of $250k is also above average for both the street and Chalmers, suggesting a solid foundation of value within this specific market context. The property sits on a standard city lot and includes a basement that has not been renovated.

Its primary appeal is for value-conscious buyers seeking more interior space than is typical for the price in this locale. It would suit a handy buyer comfortable with a home that has a historic character and an unfinished basement, viewing it as a canvas for future projects. A less obvious perspective is that, while its metrics are strong locally, its city-wide rankings for value, lot size, and year built are more modest. This highlights a property that is a standout on its own street but should be evaluated within the context of the established, older Chalmers community rather than compared to newer suburban areas.

Frequently Asked Questions

1. What does the "above average" ranking for living area actually mean?
It means that, compared to other homes directly on Jamison Avenue and within the Chalmers neighbourhood, this home's interior square footage is larger than most. It ranks in the top 6% on its street and the top 9% in the area.

2. Is the basement usable?
The listing notes the basement exists but is "not renovated." Buyers should anticipate it being in original or rough condition, suitable for storage or future finishing, but not as modern living space without investment.

3. Why is the city-wide assessed value ranking much lower?
The $250k assessment is below the city-wide average because comparison homes across all of Winnipeg include newer properties and those in higher-value suburbs. This metric underscores that the home's value proposition is strongest within its own established, older neighbourhood.

4. Are there any garage or parking facilities?
The listing specifies "Garage: None." Parking would be via driveway or on-street, which is typical for homes of this era in the area.

5. How does the lot size compare?
The lot is approximately 2,957 sq ft, which is fairly typical for the street and neighbourhood but below the much larger average lot size found in newer, suburban parts of the city.