Property Overview: 2A-229 Wellington Crescent, Winnipeg
Key Characteristics & Appeal
This condominium at 229 Wellington Crescent in Roslyn presents a compelling blend of modern convenience and above-average investment metrics. Its primary appeal lies in its relative newness within a well-established, desirable area. Built in 2009, it is exceptionally modern for its street and neighborhood, ranking in the top 1% in both categories, which suggests lower immediate maintenance costs and more contemporary building standards compared to most neighbors.
With 1,260 sqft of living area, the unit offers space that is above the neighborhood and city averages. Its assessed value of $445k sits significantly above local averages, ranking in the top 9% in Roslyn and the top 6% city-wide, indicating strong perceived value by the assessment authority. A recent sale occurred between February 2023 for a price between $400k-$450k, placing that transaction in the top tier of the market at that time.
This property would suit a buyer looking for a low-maintenance lifestyle in a prime location without sacrificing space. It’s particularly suited for professionals or downsizers who value a modern building envelope and systems but want to be in a mature, central neighborhood. The data suggests it’s a property that outperforms most of the market in terms of assessed value per square foot and modernity, offering a grounded, premium option rather than a fixer-upper.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 1,260 sqft, this unit offers more space than the average Winnipeg or Roslyn home. However, on Wellington Crescent itself, it is slightly below the street's average of 1,400 sqft, positioning it as a spacious condo but not the largest home on the block.
2. What does the high assessed value relative to averages indicate?
An assessed value ($445k) that ranks in the top 6% city-wide generally reflects a combination of factors like location, building age, and unit size. It suggests the property is in a coveted segment of the market, but it's important to note that assessed value is for tax purposes and may differ from current market value.
3. The unit sold recently in 2023. Is that price data reliable?
The provided sold price range ($400k-$450k) is based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site, as industry rules prevent the display of official MLS records here.
4. What is the significance of the "Elite" ranking for the year built?
Ranking in the top 1% for year built on its street and in Roslyn means this is one of the newest homes in the area. This is a less obvious advantage that can translate to newer plumbing, electrical systems, windows, and building materials, potentially reducing near-term capital costs.
5. Are the other units in the building similar?
The listing shows several other units at 229 Wellington Crescent (2B, 2C, etc.) with zero meters distance, confirming this is a multi-unit building. While specifics may vary, this indicates a condominium or apartment-style ownership structure, so reviewing the condo corporation's financial health and bylaws is an essential next step.