Property Overview
This one-and-a-half storey home on Jamison Avenue is a classic Winnipeg character property built in 1916. With 894 sqft of living space, a detached garage, and a full (unrenovated) basement, it sits on a 2,542 sqft lot in the Chalmers neighbourhood. The home sold in March 2024 for $160,000. Its key metrics show it is a modestly-sized property that is very typical for its immediate street and area, but sits well below city-wide averages for size, land area, and assessed value.
Section 1: Key Characteristics & Appeal
The primary appeal of this home lies in its affordability and its position as a straightforward, no-frills entry point into the Winnipeg market. It suits a first-time buyer, an investor, or someone seeking a low-maintenance footprint. Its assessed value is notably low, which can be a double-edged sword: it suggests a potentially lower property tax burden, but also indicates the home may require modernization.
A thoughtful perspective is its context within the neighbourhood. While the home itself is smaller and older than the city average, it is actually quite typical for Chalmers and Jamison Avenue specifically. This means you are buying into a settled, established streetscape without the pressure of oversized or over-improved comparables nearby. The detached garage adds practical value in this setting. The unrenovated basement presents a clear opportunity for a buyer to add value according to their own needs and budget, rather than paying a premium for someone else’s finished project.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the sale price?
Municipal assessed value for tax purposes is not a direct reflection of market value. It is based on mass appraisal techniques and can lag behind rapid market shifts. The recent sale price is a stronger indicator of current market value.
2. What does "one-and-a-half storey" mean for this home?
Typically, this style features a full main floor with a second floor under a sloped roof (dormers), creating potentially cozy bedrooms or attic spaces. It’s a common design for homes of this era in Winnipeg.
3. The home is below average in size for the city. Is that a concern?
Not necessarily. It is average for the local area, meaning resale is aligned with neighbourhood norms. It offers a manageable space for individuals, couples, or small families looking to minimize upkeep and utility costs.
4. What are the implications of the unrenovated basement?
It provides utility space and storage as-is. Any finishing would be at the new owner's discretion, allowing for customization. It’s advisable to have it inspected for moisture issues, common in basements of older homes.
5. How does the recent sale of the neighbouring 513 Jamison Avenue affect this property?
That nearby home, sold at a similar time but newer and with a higher assessment, helps define the upper range of values on the street. It provides a useful contrast, highlighting how factors like age, condition, and updates are reflected in price within the same location.