302 Johnson Avenue W

Property Overview & Key Characteristics

This 2019-built bi-level home on Johnson Avenue W in Chalmers presents a distinct profile. Its primary appeal lies in its modern construction, being one of the newest homes in the immediate area and neighbourhood. With a living area of 979 sqft, it offers compact, efficient living space. The property sits on a 2,876 sqft lot, which is modest for the city but typical for the local streetscape. Key features include an unrenovated basement and no garage. The home’s assessed value positions it above average for Chalmers, suggesting it is a higher-value property within that specific market.

This home would suit a first-time buyer or downsizer seeking a modern, low-maintenance build without the premium of a brand-new subdivision. It’s also a practical choice for an investor looking for a relatively new asset in an established neighbourhood. A less obvious perspective is that its newer systems and building envelope could offer energy efficiency and reduced immediate repair costs compared to the area's much older average stock, a significant hidden value.

Frequently Asked Questions

1. What does "bi-level" mean for this property?
A bi-level home typically has a ground-level entry leading to two short flights of stairs: one up to the main living areas and bedrooms, and one down to a lower level, which here includes an unrenovated basement.

2. How does the 2019 build date compare to the neighbourhood?
It is exceptionally new. The data shows the average comparable home in Chalmers was built around 1934, making this property notably modern in a neighbourhood of mostly heritage-aged homes.

3. Is the lot size a limitation?
The land area is below the Winnipeg average but is fairly typical for Johnson Avenue W itself. It provides a manageable yard space, which could be a benefit for those seeking minimal outdoor upkeep.

4. Why is the assessed value above average for Chalmers?
The significantly newer construction date is a major factor, as assessment models account for age, condition, and building quality. This modern home likely commands a higher value than the neighbourhood's older average stock.

5. What should I know about the 2020 sale price?
The home sold for $24,700 in early 2020. This is not a typical market sale price and likely represents a specific transaction, such as between family members or as part of an estate transfer. The current assessed value of $290k is a more relevant indicator for today’s market value.