Property Overview: 398 Jamison Avenue

Section 1: Key Characteristics & Appeal

This bi-level home at 398 Jamison Avenue stands out as a modern offering in Winnipeg's Chalmers neighbourhood. Built in 2020, it is a notably newer construction compared to most homes in the area, which primarily date back to the early 1900s. The property features a renovated basement and a living area of 963 sqft on a 2,412 sqft lot.

Its primary appeal lies in its combination of modern build quality and established location. You're acquiring a home with contemporary systems and finishes, potentially bypassing the major maintenance or renovation projects often associated with century-old houses. The lot size is generous for the street, and the home's assessed value ranks highly within its immediate area, suggesting a solid investment in a transitioning community.

This property would suit first-time buyers or downsizers seeking a low-maintenance, move-in-ready home without the premium of a brand-new subdivision. It also appeals to value-conscious buyers who prefer the character of an older neighbourhood but want the reliability of modern construction. A thoughtful perspective is the long-term advantage of owning one of the newest homes on the block, which may age more gracefully in terms of upkeep costs compared to its neighbours.

Section 2: Frequently Asked Questions

1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A viewing or follow-up with the listing agent is necessary to determine if it’s a finished living space, a modern utility area, or includes legal secondary suite potential.

2. How does the lack of a garage affect parking and storage?
The property has no garage. Buyers should assess on-street parking availability on Jamison Avenue and consider the basement and main-floor layout for alternative storage solutions, which is a common adjustment in older neighbourhoods.

3. The assessed value is $340k, but what are similar homes selling for?
The assessed value is for municipal tax purposes and can differ from market value. The listing provides comparable nearby properties primarily by assessed value; however, their older building ages and varying conditions make direct price comparisons challenging. A market analysis based on recent sale prices of similar bi-levels or newer homes in Chalmers would be more informative.

4. Is the neighbourhood undergoing renewal?
The presence of this 2020 home among many built before 1930 indicates pockets of new development. This can signal investment and renewal, but it's wise to research area plans and visit at different times to get a feel for the community's overall character and pace of change.

5. What are the typical property taxes for this home?
With an assessed value of $340,000, property taxes can be estimated using Winnipeg's current mill rate. You can calculate a rough annual estimate by multiplying the assessment by the mill rate (e.g., $340,000 x 0.01235 = approximately $4,199), but confirming the exact current rate and any applicable credits is recommended.