Property Overview: 186 Johnson Avenue W
Key Characteristics & Buyer Appeal
This is a compact, one-storey home built in 1912, situated on a standard-sized lot in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in its position as an affordable entry point into the market. With 806 sqft of living space, an unrenovated basement, and no garage, it presents a straightforward, low-maintenance footprint. The land size (2,875 sqft) is typical for the immediate area but smaller than the citywide average, emphasizing a focus on the dwelling itself rather than extensive outdoor space.
The home suits first-time buyers, investors, or downsizers seeking minimal upkeep and a very low property tax burden, as reflected in its assessed value. A thoughtful perspective for the right buyer is its potential as a "blank slate." Its below-average metrics for the street and area in size and value aren't necessarily drawbacks; they indicate a property that hasn't been expanded or highly upgraded, which could be ideal for someone wanting to customize gradually without over-improving for the neighbourhood. It represents a practical, no-frills opportunity where the investment is primarily in securing a land title and a solid, century-old structure.
Frequently Asked Questions
1. What does "below average" for land and living area actually mean for daily life?
It means the property and home are more compact than many others. The lot provides a modest backyard, and the living space is efficient. This is a trade-off for lower cost and less maintenance, suiting a simpler lifestyle.
2. The assessed value seems very low. Are property taxes correspondingly low?
Yes, the municipal property tax calculation is based on the assessed value. A value significantly below the citywide average, like this one, typically results in much lower annual property taxes compared to most Winnipeg homes.
3. Is the unrenovated basement finished or usable?
The listing specifies it is "not renovated," which generally means it is in a rough, unfinished state. It likely provides basic utility space and storage but would require investment to become a finished living area.
4. Given the age, what should I be most concerned about during an inspection?
For a home built in 1912, an inspector should pay close attention to the foundation, the condition of the original plumbing and electrical systems, and the roof structure. These are common areas where century-old homes may require updates or repairs.
5. How stable has the property's value been?
Recent sale history shows a modest increase from $12.3k in 2017 to $16.3k in 2020. This suggests steady, incremental value retention in line with its niche as an affordable property, rather than volatile market swings.