472 Jamison Avenue

Property Overview & Key Characteristics

This one-storey home at 472 Jamison Avenue is a property defined by its balance of space and value. Its key appeal lies in its generous 5,088 sqft lot, which is significantly larger than most in the immediate area and neighbourhood, offering ample outdoor potential. The house itself is modest at 680 sqft of living space with an unrenovated basement, reflecting its 1914 construction era. The detached garage adds practical storage or workshop space.

Its assessed value is positioned below the city average but is more aligned with local norms, suggesting a manageable entry point into the market. This home would suit a first-time buyer, an investor, or a hands-on owner comfortable with a property that offers land size as its primary asset, with the home itself presenting a canvas for future updates. It’s a practical choice for those prioritizing lot size over finished living space and who see value in a well-located, character home with room to grow outdoors.

Frequently Asked Questions

1. What is the true standout feature of this property?
The land size is the most notable asset. At over 5,000 sqft, the lot is in the top 7-9% for the street and Chalmers neighbourhood, offering rare space for gardens, expansion, or outdoor living in this area.

2. Is the basement finished or usable?
The basement is noted as “not renovated.” Buyers should anticipate an unfinished space that may require addressing foundational, moisture, or accessibility issues common in century-old homes, but it also offers raw storage or future development potential.

3. How does the assessed value compare to the recent sale price?
The property was last sold in September 2023 for $16,800, which is virtually identical to its current assessed value of $16,900. This suggests the assessment closely reflects a very recent market transaction.

4. What should I consider about the home’s age and condition?
Built in 1914, the home is older than the city average. Prospective buyers should budget for and investigate potential updates to major aging systems (like plumbing, electrical, or the roof) and be mindful of maintenance consistent with a 110-year-old structure.

5. How does the living space compare to nearby homes?
At 680 sqft, the living area is below average for the street, neighbourhood, and city. This emphasizes a lifestyle trade-off: you are acquiring a larger-than-average property lot, but the existing interior space is compact and efficient.