Property Overview: 197 Johnson Avenue W, Winnipeg

Key Characteristics & Appeal

This home is defined by its generous, above-average lot size—over 5,700 sqft—which is a standout feature both on its street and in the sought-after Chalmers neighbourhood. The house itself is a one-and-three-quarter storey character home built in 1907, offering a modest 1,024 sqft of living space with a renovated basement. Its assessed value is notably higher than many neighbourhood peers, suggesting it is well-maintained or offers features the market recognizes.

The primary appeal lies in the land itself and the potential it represents. The lot is significantly larger than most in the area, providing rare outdoor space, garden potential, or future expansion possibilities in a mature community. It suits a specific buyer: someone seeking a character home on a substantial lot who is comfortable with the upkeep of an older property (119 years old) and sees value in land over sheer interior square footage. It’s a solid entry-point into a desirable neighbourhood where the land is the long-term asset.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
This is typical for older, character homes in established neighbourhoods. The assessment reflects factors like the home's age and smaller living area compared to newer suburban builds. The value here is more closely aligned with—and actually above—neighbourhood averages.

2. What does "renovated basement" likely mean for a home of this age?
While specifics aren't listed, in a 1907 home this typically indicates essential updates have been made, such as moisture control, foundational repairs, or finishing for livable space. It’s a significant plus, but buyers should inquire about the scope, permits, and if it includes updated electrical or plumbing.

3. How does the large lot size impact costs?
A lot of this size (5,745 sqft) means higher potential for gardening or recreation, but also entails more responsibility for maintenance, snow clearing, and possibly higher water costs for lawn care. It's an asset that comes with ongoing upkeep.

4. The home last sold in 2019 for $18,500. What does that indicate?
This very low sale price, common several years ago for older homes needing work, suggests the property may have been significantly updated or improved by the current owners. It highlights the importance of understanding what changes have been made since that last sale.

5. With no garage, what are parking options?
The listing indicates no garage. Buyers should verify if there is a dedicated driveway or rear laneway access for off-street parking, or if parking is solely on the street, which is common for homes of this era in Winnipeg.