Property Overview: 222 Johnson Avenue W, Winnipeg
Key Characteristics & Appeal
This two-and-a-half storey home, built in 1914, presents a distinct opportunity in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in its generous living space. At 1,666 sqft, the home offers significantly more interior room than most in its immediate area and across the city, ranking in the top 6% on its street and top 3% in Chalmers. This makes it a standout for buyers seeking space in a mature neighbourhood.
The property sits on a modest, sub-3,000 sqft lot, which is smaller than the city average but typical for the area. While it features a basement, it is noted as not being renovated, and the home has no garage or pool. The assessed value is notably low compared to the Winnipeg average, reflecting its location and condition.
This home would best suit a practical buyer who prioritizes interior square footage over lot size or modern finishes. It’s a candidate for a live-in renovation project, an investor looking for a value-purchase with rental potential (given the multi-floor layout), or someone seeking an affordable entry into homeownership with the space to grow. Its character and scale are its main assets, offset by the need for updates and the lack of certain amenities.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value is based on a combination of factors including location, property size, and the home's condition and features. The value here reflects the older home in a neighbourhood with more affordable property values city-wide, as well as the unrenovated state of the home.
2. What does "two-and-a-half storey" mean for the layout?
Typically, this style features two full floors of living space, with a smaller top floor under a sloped roof—often used as additional bedrooms or storage. This contributes to the home's above-average living area.
3. The lot is smaller than average. What are the implications?
A smaller lot means less exterior maintenance and lower property taxes tied to land value. However, it also means limited space for additions, large gardens, or extensive outdoor recreation. It's a trade-off that keeps costs down but limits expansion potential.
4. The home last sold in 2022. What does the recent sale history indicate?
A sale just two years prior suggests a relatively quick turnaround. This could be due to many factors, such as an investor flipping the property, a change in the owner's circumstances, or a renovation project that was started but not completed. It warrants asking the seller about their reason for moving.
5. What is the neighbourhood context of Chalmers?
Chalmers is an established, older neighbourhood. The data shows homes here generally have smaller lots and lower assessed values compared to the wider Winnipeg market. Buyers should be attracted to the community's maturity and affordability, but should research specific amenities, schools, and transportation links to ensure it fits their lifestyle.