Property Overview: 176 Johnson Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1907, presents a classic character property with modern updates. Its key feature is a generously proportioned living space of 1,446 sq ft, which ranks well above average for both its immediate street and the broader Chalmers neighbourhood. This offers a tangible sense of space that is less common in homes of this vintage. The home sits on a modest, manageable lot and includes a detached garage and a renovated basement, adding functional utility.
The primary appeal lies in its balance of historic charm and practical living space within an established community. It suits buyers looking for a home with more room than typical for the area, without the upkeep of a large yard. It’s an ideal match for a first-time buyer or a small family seeking character and interior space over a sprawling property, or for an investor attracted by the below-average citywide assessed value and the potential in a renovated basement.
A less obvious perspective is the advantage of its older construction year. While often seen as a negative for maintenance, it places the home in a distinct category of pre-war builds, which can offer superior craftsmanship, architectural details, and solid construction not always found in later builds, appealing to a specific buyer looking for authentic character.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home was last sold in June 2017 for $190,000. Its current assessed value is $22,100. It’s important to consult with a real estate professional, as assessed values for municipal tax purposes can differ significantly from current market value.
2. Is the living area unusually large for the area?
Yes. The living area is notably larger than most comparable homes on its street and in the Chalmers neighbourhood, ranking in the top 5% locally. This is a standout feature for interior space.
3. What should I consider about the year it was built (1907)?
While offering classic charm, a 119-year-old home will likely have older infrastructure. A thorough inspection is essential to understand the condition of major systems (plumbing, electrical, foundation) and the scope of any required updates, balanced against the quality of original materials.
4. How does the lot size impact this property?
The land area is below the citywide average, resulting in a smaller yard. This translates to less outdoor maintenance—a plus for some—but may limit expansion plans or extensive landscaping.
5. What does the "renovated basement" typically mean for a home of this age?
This suggests the below-ground space has been updated for modern use, such as a family room or additional storage. It’s crucial to verify the quality of the renovation, ensure proper moisture control, and check for necessary permits, as basements in century-old homes can present unique challenges.