Property Overview: 281 Jamison Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1945, sits on a notably large lot in the Chalmers neighbourhood. Its primary appeal lies in the combination of generous outdoor space and a recently renovated basement. With over 6,100 square feet of land, the property ranks in the top 1% for lot size on its street and the top 3% within Chalmers, offering rare potential for gardening, expansion, or simply enjoying ample private space.
The home itself, with 1,085 sqft of living area, is above average for the immediate area, providing comfortable interior space. The detached garage adds practical storage or workshop potential. This property would suit a buyer who values land size over a large modern footprint—perfect for a first-time homeowner, a downsizer seeking a manageable home with a big yard, or an investor recognizing the inherent value in the lot itself. It offers a grounded opportunity in a mature neighbourhood, where the value is anchored more in the property's potential and land than in a high-end finished product.
Section 2: Frequently Asked Questions
1. What is the true significance of the lot size rankings?
The data shows the lot is exceptionally large for both the street and the wider Chalmers area. This isn't just a slightly bigger yard; it's a standout feature that offers more privacy and flexibility than nearly all comparable local properties.
2. The assessed value seems low. What does this indicate?
The assessed value is for municipal tax purposes and is often lower than market value, especially for older homes. Its "below average" city-wide ranking reflects Winnipeg's broad range of property values. More relevant is that it's above average for Chalmers, suggesting it is a solid property within its local market context.
3. How does the 2016 sale price relate to today's value?
The 2016 sale price of $160k is a historical data point. Given market changes and the home's renovated basement since then, current value would be determined by recent comparable sales, condition, and present market conditions.
4. What are the pros and cons of the home's age?
Built in 1945, the home is of average age for the area. This often means character and sturdy construction, but it also implies that major systems (like plumbing or electrical) may need evaluation or updating, even with a renovated basement.
5. Who might this property not suit?
It may not suit buyers seeking a modern, turn-key home with minimal upkeep, or those who prioritize a large, open-concept interior above all else. The value proposition here is balanced more toward the land and potential rather than a fully updated living space.