Property Overview: 222 Berry Street, Winnipeg
Key Characteristics & Appeal
This one-storey home on Berry Street in the King Edward neighbourhood is a study in contrasts, with its value rooted more in its land than its structure. The house itself is compact at 775 sq ft, placing it below average in size for the area, and it dates back to 1945. However, it sits on a generously sized lot of approximately 6,491 sq ft, which is notably larger than most in King Edward and offers significant potential. A key modern update is the renovated basement, adding functional living space. The detached garage provides practical storage or workshop space.
The primary appeal lies in this land-to-building ratio. For the right buyer, it represents a solid foundation—literally and figuratively. It suits practical, value-oriented buyers such as first-time homeowners comfortable with a smaller footprint, investors looking for a property with redevelopment or expansion potential, or downsizers seeking a manageable home with a private outdoor space. Its assessed value is consistent with the immediate area, suggesting it's a grounded opportunity rather than a speculative play.
Frequently Asked Questions
1. Is the house in move-in condition?
While specific interior condition isn't detailed, the listing confirms the basement has been renovated. The main house, built in 1945, will likely require a viewing to assess the state of its major systems and main-floor finishes.
2. Why is the lot size so important for this property?
The lot is a standout feature, ranking in the top 4% of the King Edward neighbourhood for size. This offers rare potential for additions, gardening, outdoor living, or future redevelopment where zoning allows, which is uncommon for homes in this price range.
3. How does the sold price history help?
The home sold in March 2025 for between $33.5k and $36.5k. Comparing this to its current assessed value of $26.7k provides a clear, recent benchmark of its market value, showing what a buyer was willing to pay.
4. What are the downsides of a home this age?
Built in 1945, potential buyers should proactively investigate the condition of the roof, foundation, plumbing, and electrical systems. While the basement is renovated, the main structure may require updates or maintenance.
5. Who are the neighbours, and what are nearby properties like?
The listing shows several directly adjacent homes on Berry Street, indicating a mature, established streetscape. The "similar assessed value" properties are all in Varsity View, suggesting this price point can access different neighbourhoods, making direct comparison to immediate neighbours on Berry Street important.