504-365 Wellington Crescent

Property Overview: Unit 504 at 365 Wellington Crescent, Winnipeg

Key Characteristics & Buyer Profile

This is an 800 sqft condominium built in 1974, located in the desirable Roslyn neighbourhood along Wellington Crescent. Its key appeal lies in offering a more accessible entry point into one of Winnipeg's most prestigious addresses. While its living space and assessed value are significantly below the street's average (ranking in the bottom 10% for both), this translates to a correspondingly lower price point and property tax burden compared to the grand single-family homes the street is known for. The unit is older than most in the city but is actually newer than many homes within the Roslyn area itself.

The property would best suit pragmatic buyers who prioritize location over size—such as a single professional, a downsizing empty-nester, or an investor seeking a rental in a high-demand area. It offers the quiet, tree-lined ambiance and central convenience of Wellington Crescent without the maintenance demands or price tag of a large house. A less obvious perspective is that this unit represents a strategic compromise: you gain an elite postal code and community, but the condo's specific value and size are more aligned with broader city averages, making it a practical rather than a luxurious holding within an affluent enclave.

Frequently Asked Questions

1. What is the likely price range for this unit?
Based on the provided data, the last recorded sale was between $200,000 and $250,000 in September 2019. The current assessed value for taxes is $166,000. A market price would likely be influenced by recent comparable sales, current condition, and market trends, falling somewhere above the assessed value.

2. How does the condo fee impact affordability?
The listing data does not include monthly condo fees. This is a critical factor to investigate, as fees in a older building can significantly affect the total monthly cost and should be weighed against the lower property tax assessment.

3. What does the ranking data actually mean?
The rankings compare this unit against "comparable" properties in each area. For example, being in the bottom 10% for size on Wellington Crescent simply confirms it's a condo among large houses. More meaningfully, it ranks closer to the average for size and value within the wider Roslyn community, giving a better sense of its local peer group.

4. How can I get exact historical sale prices?
The site indicates that precise sale data is not publicly displayed due to industry restrictions. They offer an manual service where registered users can request the accurate sale history via email, which they promise to provide without marketing spam.

5. What are the potential pros and cons of a 1974-built condo?
Pros include potentially larger room sizes than newer builds and a well-established building structure. Cons could include outdated building systems (plumbing, electrical), the need for interior updates, and the possibility of special assessments if major repairs (like windows, roof, or balconies) are upcoming. A review of the condo's reserve fund study and minutes is essential.