Property Summary: 292 Johnson Avenue W, Winnipeg

Key Characteristics & Appeal

This two-storey home in Chalmers presents a compelling mix of modern build and modest footprint. Built in 2016, it is a notably newer construction compared to most homes on its street and across the neighbourhood, offering contemporary systems and less immediate concern for major repairs. With 1,240 sqft of living space, it provides comfortable room for a small family or couple, ranking above average for size within its local context. The property sits on a smaller, 2,871 sqft lot, which translates to less yard maintenance—a potential perk for those seeking a low-maintenance lifestyle without sacrificing interior space. The home has an unfinished basement, presenting a blank canvas for future expansion or storage. Its appeal lies in this balance: it’s a turn-key, modern home in an established area, suited for first-time buyers, downsizers, or investors looking for a newer property that forgoes extensive landscaping for simpler upkeep. The above-average assessed value for the area suggests it is perceived as a solid asset within the community.

Frequently Asked Questions

1. Is the smaller lot size a disadvantage?
Not necessarily. While the land area is below the city average, it is a common lot size for the Chalmers neighbourhood. It means less time and money spent on yard work, which can be a significant advantage for buyers prioritizing interior space and modern amenities over extensive outdoor space.

2. What does the "unfinished basement" entail?
The basement is complete but not renovated. It offers functional space for storage, laundry, and utilities, and provides the future opportunity to add living space, a recreational room, or additional bedrooms according to a new owner's taste and budget, without the need for a major excavation.

3. How does the 2016 build date affect the home?
A build date of 2016 is a major standout feature. It typically means modern building codes, newer plumbing, electrical, and HVAC systems, and higher energy efficiency. This can translate to lower maintenance costs and utility bills in the near term compared to the century-old homes common in the area.

4. Who are the typical buyers in this area?
Chalmers is an established neighbourhood with a mix of long-time residents and newer buyers. This particular property, with its modern build and manageable size, would likely attract first-time homebuyers, practical downsizers from larger homes, or investors seeking a relatively new property with strong rental appeal due to its modern condition.

5. The home sold for $250k in 2016. What does that history indicate?
The 2016 sale price represents the original purchase price when the home was newly built. It provides a baseline but does not reflect current market value, which is influenced by factors like market appreciation, the property's condition today, and recent comparable sales in the area. The assessed value offers a separate, municipally-determined valuation for tax purposes.