Property Overview: 1556 Wellington Crescent, Old Tuxedo, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Wellington Crescent presents a distinct profile within one of Winnipeg’s most established neighbourhoods. Its key characteristic is a notable contrast: the house itself is more modest in scale, with a living area (1,139 sq ft) that is well below the neighbourhood average, while it sits on a substantial, private lot of nearly 12,000 sq ft—a land size that ranks in the top 4% citywide. Built in 1950, it is typical for the area in age but offers a relatively accessible price point for Old Tuxedo, with an assessed value significantly below the local average.
The appeal lies in this unique balance. It offers a prestigious address and a large, verdant parcel of land without the correspondingly large footprint or premium of a mansion. This creates an opportunity for buyers who value location, privacy, and outdoor space over sheer interior square footage. It would suit a downsizer seeking a manageable home in a prime area, a buyer looking for a land-value play with future redevelopment potential (subject to zoning), or someone wanting to enter a top-tier neighbourhood who is comfortable with a cozier, classic home that they can personalize.
Section 2: Frequently Asked Questions
1. Is the house too small for the neighbourhood?
While the living space is below average for both Wellington Crescent and Old Tuxedo, it is close to the citywide average. This smaller footprint is precisely what makes the property more accessible and manageable compared to the much larger estates surrounding it.
2. What does the "Elite" ranking for land area mean?
This indicates the lot size of 11,842 sq ft is larger than approximately 96% of all residential lots in Winnipeg. In this context, it means you are acquiring a rare amount of private outdoor space, which is a major asset in a central urban area.
3. How does the assessed value compare to the past sale price?
The property last sold in December 2022 for an estimated $600k-$650k. The current assessed value of $526k is below that sale range. It’s important to consult with a real estate professional for a current market valuation, as assessed values for tax purposes can differ from market value.
4. Who would this property not suit?
It may not suit buyers seeking a move-in-ready, expansive modern home or those who prioritize large, updated interior spaces over lot size and location. The home likely requires consideration of updates due to its age.
5. How can I get the exact historical sale prices?
The provided sale data is based on public records and shows a range. For fully verified and exact sale figures from the MLS, you must request a manual lookup from the site via email, as industry rules prevent the direct display of that data.