Property Overview: 547 Jamison Avenue
Key Characteristics & Appeal
This 2018-built, one-and-a-half storey home in Chalmers stands out for its modern age within a mature neighbourhood. Its key characteristics include a generous 1,386 sqft of living space, a fully renovated basement, and a notably large 2,542 sqft lot. The data suggests a home that balances space, newer construction, and established surroundings.
Its primary appeal lies in offering a contemporary, low-maintenance living experience without the premium often associated with brand-new subdivisions. The property ranks in the top tiers for its street and neighbourhood in terms of lot size, building age, and living area. This indicates a home that is both newer and more spacious than most around it. The significant difference between the recent sale price and the assessed value is a notable point for buyer consideration.
This home would suit first-time buyers or young families looking for a move-in-ready property without the worries of an older home’s major systems. It also appeals to value-conscious buyers who prioritize modern interiors and a larger lot but wish to be part of an established community with mature infrastructure. The lack of a garage may suit those comfortable with street parking or considering a future addition.
Frequently Asked Questions
1. Why is there such a large gap between the assessed value and the recent sale price?
Assessed values in Manitoba are primarily for municipal tax purposes and may not reflect current market value, which is influenced by factors like recent renovations, specific market conditions at the time of sale, and the property's modern features compared to its neighbours.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A viewing is essential to determine if it's a finished living space, a rental suite (subject to local zoning), or a modernized utility and storage area.
3. How does the lack of a garage affect daily living and property value?
The property has no garage, which means reliance on street parking. This is common in the area, but buyers should assess parking availability firsthand. The large lot does offer potential for adding a garage in the future, subject to municipal permits.
4. The home is newer than most in the area. What are the potential pros and cons of this?
A major pro is newer construction standards, likely leading to better energy efficiency and fewer immediate repair needs. A less obvious consideration is that the architectural style and lot use might differ from neighbouring, older homes, which can affect streetscape cohesion but also offer a modern living environment.
5. What is the neighbourhood character, based on the nearby property data?
The nearby listings show a mix of early 1900s homes and several very new builds (like the 2024 home on the same street), indicating a neighbourhood in a state of gradual renewal. This suggests a diverse community with a range of housing styles and ages, appealing to those who appreciate an evolving streetscape.