Property Summary: 294 Johnson Avenue W, Winnipeg
Key Characteristics & Buyer Profile
This two-storey home in Chalmers presents a practical blend of modern build and modest upkeep. Its primary appeal lies in being a relatively new construction (built 2016) in an established neighbourhood, a notable contrast to many older homes on the street and in the area. The 1,240 sqft living space is comfortably above average for the immediate locale, offering more room than many neighbouring properties. However, the lot size is on the smaller side for the street, and the home comes without a garage and with an unfinished basement, pointing towards a value-focused offering rather than a turn-key property.
This home would suit a first-time buyer or a pragmatic downsizer who prioritizes a newer building envelope (minimizing immediate worries about major aging components like roof or furnace) over finished amenities. It’s also a candidate for a buyer with a longer-term vision, comfortable with completing the basement and adding parking solutions over time. The appeal is grounded in solid fundamentals—modern construction, efficient space, and a lower assessed value—rather than immediate luxury.
Frequently Asked Questions
1. Is the property tax bill likely to be low given the assessed value?
While the assessed value is modest compared to the city average, property taxes are also determined by the municipal mill rate. The taxes will likely be reasonable, but it's wise to request current tax information from the seller.
2. What does "unfinished basement" mean for potential?
The basement has been left as a blank canvas. It has full ceiling height and is ready for insulation, drywall, and flooring, allowing a new owner to finish it to their specific needs—a potential rental suite, family room, or workshop—without having to undo previous renovations.
3. How does the lack of a garage affect daily living?
Street parking will be the primary option. Prospective buyers should observe parking availability on the street at different times to gauge convenience. There may be space to add a parking pad or garage in the future, subject to municipal bylaws and the lot's configuration.
4. The home is newer, but how does it fit with the older neighbourhood?
This is a key point. You benefit from modern building standards, but the home's character and lot size may differ from historic houses nearby. It’s worth walking the block to see if the streetscape and mix of home styles align with your preferences.
5. The sale history shows it sold for $250k in 2016. What does that indicate?
This confirms the original purchase price when the home was new. The current listing price will reflect market appreciation, updates (if any), and current conditions. This history is useful but not a direct indicator of today's value.