Property Overview: 258 Jamison Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home on Jamison Avenue is a property defined by its land and potential. Built in 1914, it sits on a generously sized lot of 4,583 sqft, which is notably larger than most in the immediate Chalmers neighbourhood. The home itself is modest, with 828 sqft of living space and an unrenovated basement, anchored by a detached garage. Its last recorded sale was in 2019 for $180,000.

The primary appeal lies in the land itself. The lot size is well above average for the area, offering rare space for gardening, expansion, or future redevelopment. This makes it a practical canvas for a hands-on buyer. The property suits those looking for an affordable entry into the market who are comfortable with a home that requires updates, or an investor seeking a land-value opportunity in a stable, established neighbourhood. It’s less suited for those seeking a modern, move-in-ready home without renovation plans.

A less obvious perspective is its statistical positioning: while the home’s assessed value and living area are below Winnipeg’s city-wide averages, they are perfectly typical for its own street and neighbourhood. This highlights a property that is unassuming in its current state but sits on a parcel of land that is a local standout.

Section 2: Frequently Asked Questions

1. What does "unrenovated basement" typically mean?
It indicates the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates to flooring, walls, and utilities, and should prioritize a thorough inspection for moisture and foundation integrity.

2. How significant is the lot size?
Very. The lot is in the top 15% for the Chalmers area. This extra outdoor space is a valuable asset not commonly found in older neighbourhoods and provides flexibility that smaller lots do not.

3. Is the 1914 build date a concern?
It requires due diligence. While the structure has proven durable, a pre-purchase inspection is essential to understand the condition of wiring, plumbing, insulation, and the foundation. Its age is typical for the street.

4. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home’s modest size, age, and condition relative to the entire Winnipeg market. It is more aligned with values in the immediate Chalmers area, where smaller, older homes are common.

5. Who would this property not suit?
It may not suit buyers who want a large, modern living space immediately, or those unwilling to manage renovations over time. The value here is in the land and long-term potential, not in current finishes or square footage.