Property Overview: 366 Jamison Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home, built in 1914, presents a straightforward opportunity in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in its position as a modest, entry-level property with a decently sized lot. With 736 sqft of living space and an unrenovated basement, it is a basic canvas. The land area of 2,545 sqft is notably larger than many city lots, offering relative outdoor space for the area.

The home suits practical buyers looking for an affordable foothold in the market, such as first-time purchasers comfortable with a property requiring updates, or investors seeking a rental property with a low entry point. Its assessed value is significantly below the city average, indicating a lower property tax burden—a key, less obvious advantage. While the home itself is smaller and older than many in Winnipeg, its metrics are generally around or slightly below average for its immediate street and neighbourhood, suggesting it's a typical offering for this specific, more affordable part of the city. The appeal is grounded in value and potential, not in turn-key condition or size.

Section 2: Frequently Asked Questions

1. What is the true condition of the basement?
The listing explicitly states the basement is "not renovated." Prospective buyers should budget for inspections and potential updates, as this often indicates an original or utilitarian state.

2. How does the low assessed value impact me?
A lower assessed value typically translates to lower municipal property taxes, which is a recurring annual savings. It's important to distinguish this from the market sale price.

3. Is the lot size a advantage?
At 2,545 sqft, the lot is larger than many in the city and is above average for the local area. This provides more outdoor space than you might find in similarly priced homes, offering potential for gardening, expansion, or simply more privacy.

4. How does this home compare to others on the street?
The data shows this home is generally around average for Jamison Avenue in terms of year built, living area, and value. It is not an outlier, but a representative property for this specific street.

5. What should I consider about a home built in 1914?
While charm and character are possible, the major systems (plumbing, electrical, structure) may be original or dated. A thorough inspection is crucial to understand the scope of any needed maintenance or modernization for safety and efficiency.