Property Overview: 297 Johnson Avenue W, Winnipeg
Key Characteristics & Appeal
This home is a classic one-and-a-half storey property built in 1909, situated on a notably spacious 4,602 sqft lot in the Chalmers neighbourhood. Its primary appeal lies in its land value and potential. The living space (1,145 sqft) is comfortably above average for the immediate area, offering solid foundations in a character home. A key feature is the existing, unrenovated basement, which presents a clear opportunity for future expansion or development.
The property’s standout characteristic is its lot size, which ranks in the top 14% within Chalmers. This generous outdoor space is a significant asset, especially for buyers interested in gardening, adding a garage or workshop, or simply valuing room to breathe. The recent sale price and assessed value are well below city averages, positioning this as an accessible entry point into the market. This home would suit a practical buyer—perhaps a first-time homeowner, an investor, or a hands-on renovator—who sees value in the land and the structural canvas of a century-old home, and is prepared to tailor the interior spaces to their own needs over time.
Frequently Asked Questions
1. What does "unrenovated basement" typically imply?
It generally means the basement is in original or functional condition, but not modernized. Expect a concrete floor, basic finishes, and older mechanical systems. It’s a space with utility or storage potential that awaits a future finishing project.
2. How does the age of the home (1909) affect ownership?
While offering character, a home of this age will likely have older building materials and systems. Prospective buyers should budget for ongoing maintenance and consider a thorough inspection to understand the condition of the foundation, wiring, and plumbing.
3. The assessed value is much lower than the city average. Why?
Assessed value is for municipal tax purposes and is influenced heavily by recent sale prices in the area. This figure reflects the home’s value as a modest, unrenovated property on a desirable lot, not the potential value after improvements.
4. Is the detached garage included?
The listing data specifies a "Detached Garage" under building features, so it is considered part of the property.
5. What is the neighbourhood context for this value?
The home’s metrics are generally average or above for its specific street and the Chalmers area, but well below Winnipeg-wide averages. This indicates it’s a competitively priced property within a more affordable, established neighbourhood, not an outlier.