Property Overview: 182 Johnson Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1909, situated on a modestly-sized lot in the Chalmers neighbourhood. Its key characteristics are its age, smaller scale, and value-oriented price point. The home has 692 square feet of living space, a basement that exists but is not renovated, and no garage.
The primary appeal lies in its affordability and potential as a foundational investment. It suits a very specific type of buyer: those seeking an entry point into homeownership with a minimal upfront investment, or an investor looking for a straightforward rental property with lower carrying costs. Its below-average living area and unrenovated state mean it is not suited for those needing move-in-ready space or modern amenities.
A thoughtful perspective for the right buyer is the lot itself. While the home is small, the land area (2,875 sqft) is more typical for the immediate area, presenting a long-term opportunity. For an investor or future owner, the value may be less in the current structure and more in the land and the option to improve or redevelop it over time, a less obvious angle in a market often focused on turn-key homes.
Section 2: Frequently Asked Questions
1. What does "basement, not renovated" typically mean?
It confirms the house has a basement, but it is in original or unfinished condition. Buyers should budget for potential moisture issues, foundational updates, or simply expect a raw utility space rather than a finished living area.
2. How significant is the 1909 build date?
Very significant. A home of this age will require a diligent inspection for foundational integrity, outdated wiring or plumbing, and overall structural upkeep. Its assessed value reflects this, being considerably below the Winnipeg city average.
3. Who would this property not suit?
It would not suit families needing multiple bedrooms, anyone unable to handle ongoing maintenance projects, or buyers seeking modern comforts and energy efficiency without a major renovation budget.
4. The sale price in 2019 was $12,500. What does that indicate?
This exceptionally low sale price suggests the property was likely sold in distressed condition, as-is, or for land value. It underscores the property's status as a fundamental project or investment vehicle rather than a conventional home sale.
5. Is the low assessed value a positive?
It can be, as it suggests relatively low property taxes. However, it is a direct reflection of the home's age, size, and condition compared to the broader market. It is a double-edged sword: lower carrying costs but also a sign of substantial depreciation of the structure itself.