Property Overview: 289 Jamison Avenue
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1914, presents a practical opportunity in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in its above-average living space (1,031 sq ft) for both its immediate street and local area, offering more room than many comparable homes. The lot size (3,056 sq ft) is also generous for the street, placing it in the top quarter of properties on Jamison Avenue.
The home suits buyers looking for a straightforward, value-conscious entry into homeownership or a long-term hold. It’s a property where the value is grounded in its spatial fundamentals—more indoor and outdoor space than typical for the immediate locale—rather than in updates or amenities, as it features an unrenovated basement and no garage. A thoughtful perspective for a buyer is to see this as a "blank canvas with good bones," where the existing equity is in the land and the floor area, not in recent finishes. Its last sale was in 2019 for $190k, a price point that was around average for the neighbourhood at the time, suggesting a stable, modestly valued asset.
Frequently Asked Questions
1. What is the true condition of the property?
The listing notes the basement is "not renovated," which typically indicates it remains in a basic, functional state. Prospective buyers should budget for potential updates and prioritize a thorough inspection to understand the condition of major systems in a home over 110 years old.
2. How does the assessed value relate to market price?
The municipal assessed value is significantly lower ($20.5k) than the home's last sale price. This is common, as assessed value is used for tax purposes and often lags behind market value. The sale history and comparable listings are better indicators of current worth.
3. Is the lack of a garage a major concern?
For this area and price point, the absence of a garage is not uncommon. Buyers should assess on-street parking availability and consider the cost of adding a shed or future parking structure, as the lot size could potentially accommodate it.
4. How does this home compare to others on the street?
The data shows this home ranks well on its own street for both living area and land size, meaning it offers more space than many of its direct neighbours. This is a relative strength within its micro-market.
5. What is the neighbourhood like?
Located in Chalmers, the property sits in a mature, established area. The metrics show its key features (year built, value, lot size) are generally around average for the broader neighbourhood, indicating it's a typical representation of the community's housing stock. Researching local amenities and street traffic would be advisable.