Property Overview
222 Academy Road is a character home in Winnipeg's desirable Crescentwood neighbourhood. Built in 1923, this one and three-quarter storey house sits on a large, approximately 9,900 sqft lot and features 2,408 sqft of living space, a renovated basement, and a detached garage.
Key Characteristics & Appeal
The primary appeal of this property lies in its combination of established neighbourhood charm and above-average space. The nearly 10,000 sqft lot is a significant asset, offering ample outdoor space that is well above the norm for both the street and the city. The living area is generous, ranking in the elite top 4% citywide, providing substantial room for a family.
Its appeal is nuanced: while the home itself is older and may require updates consistent with its age, it represents an opportunity in a prime location. It suits buyers looking for a classic Crescentwood property with a large yard, who are perhaps prepared to invest in thoughtful renovations over time. It would also appeal to those who value statistical upside—the lot size and living space metrics significantly outpace the city averages, suggesting a solid foundation of value. The renovated basement adds functional, modernized space.
Frequently Asked Questions
1. How does the home's age affect its value?
While older than many on its street, its age is typical for the historic Crescentwood area. The assessed value remains strong, indicating the lot size, location, and living space offset the older building year. Prospective buyers should budget for potential maintenance or updates expected of a century-old home.
2. Is the sale price from 2016 relevant today?
The 2016 sale price of $540k is a historical data point. Current value is better reflected in its assessed value and recent market comparisons. The market has evolved significantly since 2016.
3. What does the "above average" ranking for land area mean practically?
Ranking in the top 6% citywide for lot size means you are getting a much larger outdoor space than most Winnipeg homes. This allows for greater privacy, landscaping potential, garden space, or future expansion possibilities like a garage or addition, subject to zoning.
4. Who might this property not suit?
It may not suit buyers seeking a modern, turn-key home without any projects, or those who prefer a brand-new neighbourhood. The detached garage also means covered access to the vehicle in winter is not available directly from the house.
5. How does it compare to the neighbourhood average?
It presents a mix: while its living area is around the Crescentwood average, its lot size is notably larger (top 13% in the area). This suggests you're getting more land than many neighbouring properties, which is a key differentiator in established, in-fill neighbourhoods.