Property Overview
This 1946 one-storey home at 312 Jamison Avenue is a property defined by its land and location. Sitting on a 6,107 sqft lot that ranks in the top 2% for size on its street, the primary asset is the generous, usable outdoor space. The home itself is modest at 920 sqft of living area, but features a renovated basement, adding functional space. It includes a detached garage and is situated in the Chalmers neighbourhood.
The appeal here is for a specific buyer: someone who values land and potential over a large, move-in-ready house. The lot size is a significant outlier for the area, offering room for expansion, gardening, or outdoor enjoyment that is uncommon for the price point. The renovated basement adds immediate utility. This property would suit a practical buyer, perhaps a first-time homeowner willing to live in a cozier main floor while they plan future upgrades, or an investor looking for a property with a strong land-to-structure ratio in a stable neighbourhood. Its above-average assessed value for the immediate area suggests it is already recognized as a solid holding within its local market.
Frequently Asked Questions
1. Is the lot size unusual for this area?
Yes. The property’s lot is over 6,100 sqft, which is nearly double the average for similar homes in the Chalmers neighbourhood and places it in the top 2-3% locally. This is its most distinguishing feature.
2. What does "renovated basement" typically mean for a home of this era?
While specifics should be verified by a viewing and inspection, in a 1946 home this often indicates updated finishes, moisture management, and conversion to livable space such as a family room, office, or additional bedroom, adding valuable square footage.
3. Who might this property not suit?
It may not suit buyers seeking a large, modern interior or a turn-key property without any projects. The living area is compact by city-wide standards, and the home’s age will require diligent maintenance.
4. The sale price in 2021 seems low compared to the assessed value. Why?
The 2021 sale price of $24.5k is likely not representative of a standard market transaction and may have been between family members, part of an estate settlement, or for the land only. The current assessed value of $260k is a more relevant market indicator.
5. How does the detached garage impact value?
It provides secure storage and workshop space, which is a practical asset. For this property, it also means the large lot isn't consumed by an attached structure, preserving more open yard space for other uses.