Property Overview & Key Characteristics
This two-storey home at 226 Johnson Avenue W in Winnipeg's Chalmers neighbourhood presents a distinct value proposition centred on space and recent investment. Built in 1954, its primary appeal lies in its generous proportions. With over 2,000 square feet of living area, it ranks in the top 3% of similar homes on its street and the top 1% within Chalmers, offering significantly more interior space than local averages. The property sits on a large 5,743 sqft lot and features a renovated basement, adding to its functional living space.
Its appeal is rooted in being a spacious, established home in a neighbourhood where such size is uncommon. The renovated basement suggests modernized living areas without the premium price of a fully new build. This home would suit practical buyers looking for ample room for a family, a home office, or hobbies without venturing into newer, more expensive suburbs. It’s also a fit for value-conscious purchasers who prioritize interior square footage and a sizable yard over a modern exterior or garage, as the property has no garage. The historical sale prices indicate a market that has seen shifts, potentially offering an entry point into a home of this scale.
Frequently Asked Questions
1. How does the assessed value relate to the likely sale price?
The current assessed value is $35,600, but it's crucial to note this is for taxation purposes and is typically much lower than market value. Recent sale prices for the home ($300k in 2019 and $34.5k in 2021) provide better benchmarks, with the 2021 sale being an outlier. Market conditions and the home's features will determine the actual listing and sale prices.
2. What does "renovated basement" specifically mean?
The listing confirms the basement is renovated but does not detail the scope. Buyers should inquire about the quality of the renovation, when it was completed, whether it included moisture-proofing, and if it added legal living space or bedrooms.
3. There's no garage. How is parking handled?
The property has no garage. Prospective buyers should verify the driveway capacity and on-street parking regulations on Johnson Avenue W to ensure it meets their needs for vehicles and guest parking.
4. The home is older. What should I investigate regarding maintenance?
Built in 1954, key areas for inspection include the age and condition of the roof, windows, plumbing, electrical systems, and the foundation. The recent basement renovation may have addressed some issues, but a thorough home inspection is essential.
5. How does the living space compare to a typical new home?
With 2,048 sqft, this home offers substantially more interior space than the average Winnipeg home (approx. 1,342 sqft) and especially more than most in its immediate area. This means more room per dollar compared to many newer builds, though the layout and room sizes may differ from modern open-concept designs.