Property Overview: 222 Gilmore Avenue, Winnipeg
Key Characteristics & Appeal
This 1,088 sqft bungalow, built in 1960, presents a solid, middle-of-the-road opportunity in Winnipeg's River East neighborhood. Its primary appeal lies in its balance and potential rather than standout luxury. The home sits on a slightly larger-than-average lot for its street (over 6,000 sqft), offering valuable outdoor space for gardening, play, or future expansion—a key asset where many lots are smaller. While the living area is modest compared to the neighborhood average, its assessed value of $356k is positioned below the area average, suggesting a potentially more accessible entry point into the community.
The data paints a picture of a home that is fundamentally average or slightly below average in size and age for its immediate area, but not disproportionately so. This makes it a pragmatic choice. It would suit first-time buyers or downsizers looking for a manageable footprint without sacrificing yard space, or value-oriented investors seeking a rental property in a stable, established neighborhood. The home’s age implies potential for updates, appealing to those with a vision for gradual renovation who appreciate the character and mature streetscape of an older, well-located street like Gilmore Avenue.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
Based on available data, the home last sold between $300k-$350k in mid-2020, a price point that was in the top 41% for the street at that time. Its current assessed value of $356k is slightly above the street's average assessed value, indicating its official valuation has remained competitive.
2. Is the smaller living area a significant drawback?
At 1,088 sqft, the home is cozier than the River East neighborhood average. However, it is very close to the average size for Gilmore Avenue itself. This suggests the street consists of similar, modestly sized homes, so the property is in keeping with its immediate surroundings. The trade-off is the larger lot, which provides expansion potential.
3. What should I consider given the home’s age (built 1960)?
Being older than most homes on the street and in the neighborhood, a thorough inspection is crucial. Focus on the condition of major systems (roof, plumbing, electrical, foundation) and insulation. While it may require more maintenance or updates, this older vintage often comes with better-built materials and a larger lot compared to newer builds in the area.
4. The data shows "around average" for many metrics. Is that good or bad?
It indicates stability and predictability. The home isn't an outlier in terms of value, size, or assessment, which can reduce risk. You're less likely to be overpaying for an inflated feature or dealing with a property that is unusually difficult to compare or finance.
5. How can I get the exact historical sold prices?
The precise sale figures are not publicly displayed due to industry data rules. You can request the exact sold price history by emailing the site directly. They will perform a manual lookup and provide the figures, typically by the end of the same business day.