Property Overview: 462 Jamison Avenue, Winnipeg

Key Characteristics & Appeal

This 806 sqft bi-level home at 462 Jamison Avenue is a study in contrasts, offering modern convenience within a well-established Chalmers neighbourhood. Built in 2011, it is a notably newer construction compared to most homes on its street and in the wider area, which typically date back to the 1930s. This is its primary appeal: it provides move-in readiness with a renovated basement and likely fewer immediate maintenance concerns than its century-old counterparts.

The home’s assessed value is significantly above average for both Jamison Avenue and Chalmers, reflecting its modern build and condition, though it sits below the citywide average. The living space is compact but functional for the area, while the lot size is modest, especially compared to typical city lots. This combination suggests a property that prioritizes efficient, low-maintenance living over spaciousness.

This home would suit first-time buyers or downsizers seeking a modern, manageable property in a mature neighbourhood without the unpredictability of an older home. It’s also a practical choice for investors looking for a newer asset with potentially lower upkeep costs in a stable area.

Frequently Asked Questions

1. Why is the assessed value so much higher than neighbouring properties?
The primary reason is the year of construction (2011). Compared to the many heritage-era homes in the area, this property benefits from modern building standards, materials, and systems, which are reflected in its official valuation.

2. Is the living area sufficient for a small family?
At 806 sqft, the home is compact. Its bi-level layout and renovated basement can help maximize usable space. It may suit a small or young family comfortable with efficient living, but those needing multiple large bedrooms or dedicated play areas might find it limiting.

3. What does the "below average" citywide ranking for land area mean?
The lot is 2,544 sqft, which is smaller than the Winnipeg average of over 6,500 sqft. In practice, this means a smaller yard for gardening or recreation. However, it aligns more closely with typical lot sizes in this specific, long-developed neighbourhood.

4. How does the 2016 sale price relate to the current assessed value?
The home sold for $25,800 in 2016 and is now assessed at $27,600. This indicates a modest increase in assessed value over eight years, suggesting stable, gradual appreciation in line with its specific market niche.

5. Are there any obvious trade-offs for buying a newer home here?
The trade-off is often space and established landscaping. You gain modern construction, but you might have less interior square footage and a smaller, less mature yard compared to buying an older, larger home on a bigger lot in the same area for a similar price.