Property Overview: 385 Jamison Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home on Jamison Avenue in Chalmers is a compact, character property built in 1912. Its key features include a renovated basement and a detached garage. With 806 sqft of living space, it offers a cozy footprint that is quite typical for its immediate street and neighbourhood.

The primary appeal lies in its value proposition and potential. The home’s assessed value ranks well above average for both its street and the Chalmers area, suggesting it is viewed as a solid asset within its local context. The renovated basement adds functional living space, a significant plus for a home of this era and size. The lot, while below the citywide average, is a manageable size for low-maintenance outdoor space.

This property would best suit first-time buyers, downsizers, or practical investors seeking an entry into the market with a home that has already seen some updates. It’s for someone who values character and location over sheer size, and who appreciates a home that stands out positively in its immediate community for its assessed worth. A thoughtful perspective is that its above-average valuation for the area could indicate a well-maintained or improved property compared to its peers, offering a sense of stability.

Section 2: Frequently Asked Questions

1. How does the home’s age affect maintenance?
Built in 1912, the home is among the older on its street. While the renovated basement is a positive update, potential buyers should budget for and investigate the condition of major aging components like the roof, foundation, and plumbing.

2. Is the living space sufficient for a small family?
At 806 sqft, the living area is modest. The renovated basement would be crucial for providing additional living or recreational space, making the home more functional for a couple or a very small family.

3. What does the above-average assessed value mean?
The home’s assessed value is in the top 21% on its street and top 18% in Chalmers. This generally suggests the city assesses it as more valuable than most comparable nearby properties, which can be positive for equity but also means property taxes will be based on this higher valuation.

4. How does the lot size compare?
The 2,543 sqft lot is smaller than the Winnipeg average but fairly typical for central neighbourhoods. It offers yard space without being burdensome to maintain, a balance that appeals to many.

5. What is the sales history?
The property sold previously in August 2016 for $230,000 and in July 2021 for $251,000. This shows steady price appreciation over that five-year period, providing useful context for current market value.