Property Overview: 222 Hampton Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1928, presents a straightforward opportunity in Winnipeg's King Edward neighbourhood. With 962 sqft of living space, its size is very typical for the immediate area and represents a compact, manageable footprint. The property’s assessed value is modest and aligns closely with area averages, indicating a stable, entry-level point in the market.
The primary appeal lies in its practicality and location. It suits a first-time buyer, an investor, or someone seeking a low-maintenance base in a central community. The home has an unfinished basement, offering functional storage or future expansion potential, but comes without a garage. A thoughtful perspective for buyers is the lot size: at just under 2,500 sqft, it is notably smaller than most in the city. This translates to less outdoor upkeep—a potential advantage for those prioritizing simplicity over space—but limits possibilities for additions or extensive landscaping.
Recent sales history shows consistent activity, suggesting a property that holds its value in the local context. It’s a home for someone comfortable with a vintage layout and who views the untouched basement as a blank canvas rather than a drawback. The buyer best suited here values function and location over modern finishes or large square footage.
Frequently Asked Questions
1. What is the actual sold price history?
The public records show estimated sale ranges. For example, it sold for an estimated $22.5k–$25.5k in October 2022. The exact, precise sale prices are available by request from the listing service.
2. How does the lot size impact the property?
At 2,411 sqft, the lot is smaller than most in Winnipeg. This means lower maintenance for the yard but may affect future expansion potential or outdoor privacy compared to larger standard lots.
3. What does "one-and-a-half storey" typically mean for a 1928 home?
This style often features a main floor with principal rooms and a second floor under sloped ceilings, which may have smaller bedrooms or cozier spaces characteristic of its era.
4. Is the assessed value a good indicator of the market price?
The assessed value is for municipal tax purposes. While it provides a benchmark and is in line with area averages, the market price is determined by current buyer demand, condition, and recent comparable sales.
5. What are the implications of an unfinished basement?
It provides essential utility space and storage. While it offers potential for future development, any renovation would be an additional project and investment for the buyer, as it is not currently finished living space.