Property Overview: 184 Johnson Avenue W, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1912, situated on a standard city lot in the Chalmers neighbourhood. Its key features include a renovated basement and a modest 714 sqft of living space. The data reveals a property that stands out for its affordability, with an assessed value significantly below area and city averages. Its appeal lies in its potential as a straightforward entry point into the housing market or as a low-maintenance investment property. The renovated basement adds functional space, which is a valuable asset in a smaller home.
This property would best suit a first-time buyer comfortable with a smaller footprint, an investor looking for a rental with a lower entry cost, or someone seeking a minimalist, efficient living situation without a large yard or complex upkeep. A thoughtful perspective is that while the home ranks below average in size and value on its street, it is actually closer to the typical size for the wider Chalmers area, suggesting it fits the local context better than the immediate block. Its age and lower assessment also indicate a potential for value growth through careful updates.
Frequently Asked Questions
1. What does "renovated basement" typically mean in a home of this age?
It indicates the basement has been updated, but specifics on finish quality, ceiling height, moisture control, and permits should be verified through a viewing and inspection.
2. With no garage, what are the parking options?
The property has no garage, so parking is likely via a rear lane or on-street. Checking local bylaws for street parking permits and confirming lane access would be important steps.
3. The assessed value is much lower than the last sale price. Why?
The sale price from 2018 reflects the market at that time, while the assessed value is for taxation purposes. This discrepancy doesn't dictate market value, but it does highlight the home's position as a lower-tier property in the assessment system, which can mean relatively lower property taxes.
4. Is the small living area a concern?
The 714 sqft layout is compact. It will suit those who prioritize efficiency and affordability over space. The renovated basement is crucial, as it likely provides essential additional room for laundry, storage, or recreation.
5. How does this home compare to others in Chalmers?
While it is smaller and older than many homes on its specific street, its living area is closer to the neighbourhood average. This suggests you are buying into the area at a more accessible price point, in a home that is more typical of Chalmers as a whole than the data for Johnson Avenue W alone implies.