Property Overview: 433 Jamison Avenue, Winnipeg

Key Characteristics & Appeal

This is a compact, one-storey home built in 1917, situated on a lot of approximately 2,544 square feet in the Chalmers neighbourhood. Its key features include a renovated basement and the absence of a garage or pool. The home’s primary appeal lies in its position as an affordable, no-frills entry point into the Winnipeg market. With a living area of 623 sqft, it is notably smaller than most homes in the city, which suggests a lifestyle of simplicity and efficiency.

The property would best suit first-time buyers, investors, or downsizers with modest space needs and a focus on value. Its assessed value is significantly below the citywide average, indicating a lower property tax burden. A thoughtful perspective for the right buyer is viewing the smaller house as an opportunity: it encourages a minimalist lifestyle and presents a manageable project for further updates. The lot size is fairly typical for the immediate street, offering balanced outdoor space without excessive maintenance. Its recent sale history (last sold in 2019 for $15,900) and current assessment suggest it is a stable, value-oriented asset rather than a premium property.

Frequently Asked Questions

1. How does the small living area impact daily life?
At 623 sqft, the home requires efficient use of space and is likely best for one or two people. The renovated basement adds functional area, but the main floor living space is well below the neighbourhood and city averages.

2. What does the assessed value tell me about this property?
The assessed value ($19,300) is around average for Jamison Avenue and Chalmers but is far below the Winnipeg average. This typically correlates with lower municipal property taxes, which is a key cost-saving factor.

3. Is the 1917 build date a concern?
While the home is over a century old, its year-built ranking is around average for its immediate area, meaning many neighbouring homes are of a similar vintage. A thorough inspection is essential to understand the condition of major systems and the scope of any needed updates.

4. Who might be interested in a home with no garage?
Buyers comfortable with street parking or those willing to add a shed or future parking pad. This feature is common in the area and contributes to the home’s affordability.

5. How does this property compare to others on the same street?
It sits on a slightly smaller-than-average lot for Jamison Avenue and has a much smaller living area than many nearby homes. However, its assessed value is very typical for the street, positioning it as a standard-value option within the local context.