Property Overview
This one-storey home on Jamison Avenue is a classic, no-frills property built in 1922. Its key characteristic is its modest scale, with 840 sqft of living space and a 2,544 sqft lot that is typical for the immediate street but smaller than the Winnipeg average. The home features a detached garage and an unrenovated basement. Its appeal lies in its straightforward, manageable size and its position as an affordable entry point into the Winnipeg market. The lot offers potential for expansion or outdoor space relative to the home's footprint. It last sold in 2016 for $140,000, and its current assessed value is notably lower than city-wide averages.
This property would best suit a first-time buyer, an investor looking for a rental property, or someone seeking a low-maintenance footprint. It's a practical choice for those comfortable with a home that may require updates over time, rather than a turn-key or luxury purchase. A less obvious perspective is that its smaller lot and living area, while modest, could mean lower utility costs and property taxes, aligning with a minimalist or budget-conscious lifestyle.
Frequently Asked Questions
What does "unrenovated basement" typically mean?
It generally indicates the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates and consider it a blank canvas, but also be prepared for possible maintenance items related to its age.
How significant is the difference between the 2016 sale price and the current assessed value?
The assessed value for taxation purposes ($16,600) is not a market price. The 2016 sale price ($140,000) is a historical market data point. A current market valuation would consider both, alongside present condition and market trends, to determine today's likely selling price.
Is the smaller lot size a disadvantage?
Not necessarily. On this street, the lot is around average. A smaller lot can mean less yard maintenance and lower exterior upkeep costs, which can be an advantage for some buyers.
What is the significance of the home's rankings versus the neighbourhood and city?
The rankings show this property is very typical for its specific street in terms of size and age. It becomes "below average" only when compared to much broader areas, highlighting that Chalmers and Winnipeg overall have many newer or larger homes. This underscores the property's position as a standard, established home in its immediate locale.
Who should be mindful of the 1922 build date?
While the home has clearly stood the test of time, buyers should ensure thorough inspections for aging components like plumbing, electrical, and the foundation. This age also means any renovations would need to comply with modern building codes, which can add to project costs.