Property Summary: 108-250 Wellington Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, 405 sqft property built in 1964, located within a multi-unit building on the prestigious Wellington Crescent in the McMillan neighbourhood. Its primary appeal lies in its location, offering an entry point into one of Winnipeg’s most well-known areas at a very accessible price point, as reflected in its low assessed value. The unit ranks at the very bottom in terms of size and value compared to other homes on Wellington Crescent, which are typically large, single-family estates. This creates a unique dynamic: the address carries cachet, but the property itself is a modest condo.
It would best suit a specific type of buyer: a minimalist, a first-time buyer prioritizing location over space, or an investor looking for a rental in a high-demand area. The appeal is pragmatic—it’s about securing a foothold in a prime neighbourhood without the multimillion-dollar price tag of its neighbours. A less obvious perspective is that this property represents the economic diversity within an otherwise exclusive enclave, offering a completely different, low-maintenance lifestyle on the same storied street.
Section 2: Frequently Asked Questions
1. Is this a house or a condo?
This is a condominium unit within a larger building, not a standalone house. The address format (108-250) and the listing of immediate neighbouring units with similar addresses (e.g., 106-250, 104-250) confirm it is part of a multi-unit property.
2. Why is the assessed value so much lower than typical for Wellington Crescent?
The assessed value reflects the individual unit’s very small size and likely its condominium structure, not the value of the land or the large estates the street is known for. It is assessed in line with similar small condo units citywide, not with the single-family homes that dominate the street.
3. What are the condo fees, and what do they cover?
This information is not provided in the available data. Any serious buyer must request a full condominium disclosure package, which will detail monthly fees, the corporation’s financial health, reserve fund, and rules.
4. The sold price history shows a wide range (CA$50k–100k in 2023). Why is it not exact?
The listing service provides estimated sale price ranges based on public data. To obtain the exact sale price, you must request it directly from SaveOnHouse via the provided email link, as they manually verify this information.
5. What are the main trade-offs with this property?
The trade-off is clear: you gain a prime postal code and location but must accept one of the smallest living spaces available in the city. Considerations include whether the condo’s condition, layout, and rules suit your lifestyle, and how the unit’s value appreciates compared to the much larger homes around it.