Property Overview & Key Characteristics
This one-storey home at 543 Jamison Avenue is a compact, no-frills property built in 1921. With 693 square feet of living space and an unrenovated basement, it presents as a straightforward, functional dwelling. The lot size is modest at just over 2,500 square feet, and there is no garage or pool. Its assessed value is significantly below city averages, reflecting its simpler nature.
The primary appeal lies in its affordability and potential as a starter home or investment property. It suits first-time buyers seeking an entry point into the market without a large financial commitment, or investors looking for a rental property with lower carrying costs. A thoughtful perspective is that its smaller size and vintage can mean lower utility bills and simpler upkeep compared to larger, newer homes. While it ranks below average in size and value within its own neighbourhood and city-wide, it sits closer to the middle of the pack for its age on Jamison Avenue, fitting the area's established character.
Frequently Asked Questions
1. What is the true scale of this home?
At 693 sqft, this is a compact home. It is smaller than the average house on its own street (869 sqft) and significantly smaller than the Winnipeg average (1,342 sqft), indicating a efficient, cozy layout.
2. Why is the assessed value so much lower than the city average?
The assessed value of $14,100 is in line with similar homes on Jamison Avenue but is far below the city-wide average of $390,000. This reflects the home's smaller size, age, and the generally more affordable market in the Chalmers neighbourhood.
3. What does "basement, not renovated" imply?
This indicates the basement exists but is in original or utilitarian condition. Buyers should budget for potential updates and anticipate a space suited for storage or basic laundry facilities, not a finished living area.
4. How does the property compare to its immediate neighbours?
Nearby homes vary widely in age and size, from a 527 sqft house built in 1915 to newer builds over 1,300 sqft. This property sits in the middle of that spectrum, offering a balance of established neighbourhood roots without being the oldest or smallest on the block.
5. What are the long-term considerations given its age?
Built in 1921, the home is over a century old. While its systems may have been updated over time, prospective buyers should be prepared for the maintenance and potential repair needs typical of a house of this vintage, and factor in a thorough inspection.