Property Overview
This 2017-built bi-level home at 425 Jamison Avenue in Winnipeg's Chalmers neighbourhood presents a distinct mix of modern construction and modest scale. Its appeal is rooted in being a newer property within an area of much older homes, offering move-in readiness without the immediate concerns of aging infrastructure. The home sits on a standard city lot and features an unrenovated basement, providing functional space and future potential.
Key Characteristics & Ideal Buyer
The primary draw is the home's age. Built in 2017, it ranks in the top 3-7% for year built within its immediate area and citywide, meaning it is significantly newer than most comparable properties. This translates to modern building standards, newer major systems, and less anticipated maintenance in the near term. With 970 sqft of living space, it offers comfortable room for a small household, ranking above average for size on its own street.
The property suits first-time buyers or downsizers seeking a low-maintenance, modern home without a premium suburban price tag. It’s also a practical choice for investors looking for a newer asset in a established neighbourhood, likely appealing to tenants wanting a contemporary rental. A thoughtful perspective is that while the assessed value is above average for the local area, it is below the Winnipeg city average, highlighting its positioning as an affordable entry into a newer build. The unrenovated basement is a blank canvas, allowing the next owner to customize without first undoing someone else’s project.
Frequently Asked Questions
1. Is this a small house?
While its 970 sqft living area is below the Winnipeg city average, it is actually above the average size for homes on Jamison Avenue itself. It provides efficient, modern space suitable for 1-2 people.
2. Why is the assessed value relatively low for a newer home?
The assessed value reflects its specific location and market within Chalmers. It is above average for the neighbourhood but below the citywide average, which is influenced by higher-value areas. This can represent a value opportunity for a newer build.
3. What does "bi-level" mean for this property?
A bi-level typically features a ground-level entry with stairs leading immediately to both an upper living level and a lower level. This home’s lower level is a full, unrenovated basement, offering substantial storage or future living space.
4. How does the land size compare?
The lot is 2,544 sqft, which is around average for the street but below average for both the Chalmers area and Winnipeg overall. It provides a standard urban yard space.
5. Are there any major red flags given it was sold recently in 2023?
The 2023 sale does not inherently indicate a problem. It could reflect a normal life change for the previous owner. The key point is the home’s modern 2017 construction, which largely avoids the aging components that often motivate quick sales in older homes.