Property Overview: 319 Johnson Avenue W, Winnipeg
Key Characteristics & Buyer Appeal
This is a compact, one-storey home built in 1906 on a standard city lot in the Chalmers neighbourhood. Its primary appeal lies in its position as an entry-point property with a very low assessed value, one of the most affordable in the city. The 690 sqft living area is modest, ranking below average even for its immediate street, making it suitable for a minimalist lifestyle or as a foundational investment. The basement exists but is unrenovated, and the property has no garage or pool.
The home suits a specific type of buyer: those seeking an extremely low-cost entry into homeownership, willing to live simply or undertake gradual improvements. It could also appeal to an investor looking for a rental property with minimal upfront capital. A less obvious perspective is its potential for someone interested in the history and character of early 20th-century Winnipeg homes, as it is notably older than almost all properties in its comparison groups. The lot size, while average for the area, offers relative outdoor space that is a rarity for similarly priced units in denser formats.
Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
The assessed value reflects the home's very small size, age, and lack of renovations compared to the broader Winnipeg market, which includes many larger, modern, and updated properties.
2. What does "below average" for Year Built mean for maintenance?
Built in 1906, the home is significantly older than most in Winnipeg. Buyers should budget for potential updates to older systems like wiring or plumbing and anticipate maintenance consistent with a 120-year-old structure.
3. Is the land size a positive aspect?
The lot is around average for the Chalmers neighbourhood. It provides a standard outdoor space for a home of this era but is not exceptionally large. Its value is more in providing ground-level ownership rather than extensive yard space.
4. Who might this property not suit?
It is likely not a fit for families needing multiple bedrooms, anyone seeking a move-in-ready or modern home, or buyers who prioritize amenities like a garage or updated basement.
5. How should I interpret the sale history?
The home last sold in April 2017 for $11,600. This historical price, along with the current low assessed value, underscores its position as a long-standing entry-level property in the market.