Property Overview: 304 Johnson Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1912, situated on a modestly-sized lot in the Chalmers neighbourhood. Its primary appeal lies in its renovated basement, which adds functional living space to the 850 sqft main floor. The home presents a practical, no-frills opportunity.
The property’s standout feature is its value proposition. With a historically low assessed value and recent sale price, it represents one of the most accessible entry points into Winnipeg’s housing market. This isn't a sprawling property; its living area and land size are below city averages, but they are more typical for its specific street and neighbourhood context.
This home would best suit a first-time buyer, an investor, or a downsizer seeking extreme affordability and a straightforward project. It’s for someone comfortable with an older home’s character and potential maintenance, who prioritizes getting into the market over size or modern finishes. A thoughtful perspective: its below-average lot size for the city translates to less exterior upkeep, which could be a hidden benefit for a buyer seeking a low-maintenance footprint without condo fees.
Section 2: Frequently Asked Questions
1. What does "renovated basement" mean here?
The listing confirms the basement has been renovated, but specifics on finish quality, ceiling height, permits, or moisture control are not provided. This is a key item for a professional home inspection.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the home’s age, modest size, and the market values within the Chalmers area. It indicates this is a lower-cost property compared to the Winnipeg-wide average, which is skewed by newer, larger homes in different areas.
3. Is the land size a disadvantage?
At 2,874 sqft, the lot is smaller than most in Winnipeg. However, it is closer to the average for the Chalmers neighbourhood. This means smaller yard maintenance but also limited potential for large additions.
4. What can recent sale prices tell me?
The home sold for $19.9k in 2023 and $13.5k in 2016. This history shows very low and stable pricing, consistent with its assessed value. It underscores the property's position as a budget-friendly option rather than a rapidly appreciating asset.
5. Who are the typical neighbours or buyers here?
Given the home’s profile and the presence of many similar-valued properties nearby, the area likely attracts pragmatic buyers—investors, first-time owners, or those seeking an affordable, long-term holding. The community is established, not trendy, which contributes to its affordability.