Property Overview: 431 Jamison Avenue, Winnipeg
Key Characteristics & Appeal
This bi-level home at 431 Jamison Avenue presents a practical opportunity in Winnipeg's Chalmers neighbourhood. Built in 1986, it is a notably newer construction compared to many homes on its street and in the wider area, which may appeal to those seeking a property with potentially fewer legacy maintenance issues. The home features a renovated basement and a living area of 798 sqft, offering a compact and efficient layout.
Its primary appeal lies in its value proposition and lot size. The property sits on a 2,544 sqft lot, which is around average for the immediate street but offers more outdoor space than many city-wide comparisons. The assessed value is above average for both the street and neighbourhood, yet the recent sale price sits below the city-wide average, suggesting a competitively priced entry point into the market. This combination suits first-time homebuyers, downsizers, or investors looking for a manageable property with a decent outdoor footprint. It’s a grounded choice for someone prioritizing a newer build year and a renovated basement over expansive interior square footage.
Frequently Asked Questions
Q: How does the property's age compare to others nearby?
A: Built in 1986, this home is significantly newer than most in Chalmers. It ranks in the top 9% for year built in the neighbourhood, where the average home was built in 1934.
Q: Is the living space smaller than average?
A: The 798 sqft living area is around average for Jamison Avenue and the Chalmers area, but below the city-wide average. It's a compact layout suited for efficient living.
Q: What does the "above average" assessed value mean for the street?
A: It means the municipal assessment for this property is higher than most on Jamison Avenue. However, the 2023 sale price of $260k was also above the street's average, indicating the market price aligned with that perceived value.
Q: Are there any obvious features missing?
A: Yes, the listing confirms the property has no garage or pool. Vehicle parking would be limited to driveway or street parking.
Q: How has the property's value changed over time?
A: It sold for $22.3k in 2017 and $260k in 2023. This significant increase is consistent with broader market trends and the addition of renovations during that period.