Property Summary: 301 Johnson Avenue W, Winnipeg
Key Characteristics & Buyer Profile
This one-and-a-half storey home, built in 1909, presents a unique opportunity centered on its land and location in the Chalmers neighbourhood. With a living area of 1,208 sqft, the home is notably spacious compared to others on its street and in the immediate area. Its primary appeal lies in its substantial 4,112 sqft lot, which is above average for Chalmers, offering valuable outdoor space and potential in a city where larger lots are increasingly rare.
The property’s assessed value is significantly below city averages, reflecting its vintage and an unrenovated basement. This positions it not as a move-in-ready home, but as a canvas for renovation or a strategic land-value purchase. It would best suit a hands-on buyer looking for a character home to personalize, an investor interested in the long-term value of a large lot in a established neighbourhood, or someone seeking a lower entry point into the market with the resources to invest in updates.
Frequently Asked Questions
1. What does "unrenovated basement" typically imply?
It generally means the basement retains its original state, likely with older foundational materials, mechanical systems, and finishes. Buyers should budget for potential updates to plumbing, electrical, or insulation to modernize the space.
2. The sale price in 2021 was very low. What does that indicate?
A sale price significantly below assessed value can indicate a prior sale under unique circumstances, such as a non-arms-length transaction between family members, or the sale of the land value only. It does not necessarily reflect the current market value for a standard sale.
3. How significant is the age of the home (1909)?
While it offers character, a home from this era requires a proactive maintenance mindset. Prospective owners should prioritize inspections for the foundation, roof, wiring, and plumbing to understand the scope of any needed updates or repairs.
4. The lot is large for the area. What are the advantages?
A larger lot provides more privacy, space for gardens, play areas, or additions like a shed or deck. In the long term, it may also offer more flexibility for potential subdivision or redevelopment, subject to city zoning bylaws.
5. There's no garage. How challenging is street parking?
The listing notes no garage. Buyers should visit the street at different times to assess on-street parking availability, especially considering the proximity of neighbouring homes, to ensure it meets their daily needs.