Property Overview: 220 Johnson Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic two-storey home built in 1912, situated on a standard residential lot in the Chalmers neighbourhood. Its primary appeal lies in its position as an affordable, no-frills entry point into the Winnipeg housing market. With 960 sqft of living space, it offers compact, functional accommodation. The home features an unrenovated basement and does not include a garage or pool.
The property suits practical, value-conscious buyers. It would be a fit for a first-time homeowner comfortable with a project, an investor looking for a straightforward rental property, or someone seeking a modest footprint with lower property taxes, as reflected in its assessed value. A less obvious perspective is its potential for someone interested in the character and history of early 20th-century homes, willing to modernize incrementally. While its metrics are generally average or below average for the city, they are mostly in line with its immediate street and neighbourhood, presenting a typical profile for the area without unexpected outliers.
Section 2: Frequently Asked Questions
1. What does "unrenovated basement" typically mean for a house of this age?
It likely indicates the original foundation and layout, with finishes such as plaster or concrete walls and basic flooring. Buyers should budget for potential updates to moisture control, insulation, or electrical systems to modernize the space.
2. How significant is the lack of a garage?
For this neighbourhood and price point, it's common. Buyers should plan for street parking and consider the cost of adding a shed or future parking pad if needed.
3. The assessed value seems low. What does this indicate?
The assessed value is for municipal tax purposes and reflects the property's modest size, age, and market position relative to the city. It generally correlates with lower annual property taxes, which is a key ongoing cost savings.
4. The home sold recently in April 2024. What does the sale history suggest?
The sale four months prior suggests a relatively quick turnaround. The price increase from its last sale in 2020 aligns with broader market trends, indicating stable demand for affordable housing in the area.
5. Are the "average" rankings for the street a positive sign?
Yes. While the home may rank below average citywide in size and value, being around average for its specific street and neighbourhood means it fits the local context. This can provide stability and predictability, as the property isn't an outlier that might be over-improved or under-improved for the area.