Property Overview: 556 Jamison Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 2018-built bi-level home at 556 Jamison Avenue is a modern, low-maintenance property in Winnipeg's Chalmers neighborhood. With 810 square feet of living space and a renovated basement, it offers efficient, contemporary living. The home’s primary appeal lies in its combination of new construction benefits—like modern building standards and minimal immediate repair needs—within a typically more affordable price segment.
Its standout characteristic is its relative newness. Built in 2018, it is significantly newer than most homes on its street and in the wider city, ranking in the top 2-6% locally for year built. This is coupled with an assessed value that is above average for both Jamison Avenue and Chalmers, suggesting the property is well-regarded within its immediate context despite its compact size.
This home would suit first-time buyers seeking a move-in ready property without the worries of an older home, or investors looking for a modern rental with lower maintenance costs. It’s also a practical option for downsizers who want single-level living (with the basement providing extra space) and prefer a newer build. The smaller lot and living area mean it’s less suited for those needing ample indoor or outdoor space for a growing family.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to nearby homes?
The home’s assessed value is above the average for both Jamison Avenue and the Chalmers area, indicating it is valued higher than many of its neighbors. This is likely due to its modern construction (2018) compared to the predominantly older housing stock in the vicinity.
2. What does the "renovated basement" include?
The listing specifies a renovated basement, which adds valuable finished space to the 810 sqft main living area. Specific finishes and the scope of renovation should be verified with the seller or a viewing, as details are not provided.
3. Is there potential for future expansion or adding a garage?
The lot is 2,544 sqft, which is slightly below average for the street and more compact city-wide. While space may exist for a small addition or detached parking structure, the lot size could be a limiting factor. Any plans would require verification with local zoning bylaws.
4. How has the property’s value changed over time?
Previous sale data shows the home sold for $24.5k in March 2019 and then for $32.1k in July 2022. This represents a significant increase over a three-year period, reflecting strong appreciation, though market conditions have evolved since the last sale.
5. What is the neighborhood like for a newer home like this?
Chalmers features a mix of older and newer homes. As one of the newest properties in the area (top 2%), this home offers modern amenities in an established neighborhood. Buyers should consider if the style and value of this contemporary home align with the surrounding older properties when thinking about long-term streetscape appeal and resale.