107 Academy Road – Property Summary
Key Characteristics & Buyer Profile
This home offers a strong mix of living space and location, with some trade-offs in land and assessed value. At 2,394 square feet, it ranks in the top 4% citywide for living area—well above the average of 1,342 square feet—and sits on a 5,388-square-foot lot. Built in 1960, it’s one of the newer homes on Academy Road (top 3% for that street), though slightly older than the citywide median. The assessed value of $366,000 is around average for Winnipeg, but notably lower than the neighbourhood average of $805,600, which points to a more modest entry point into the Wellington Crescent area.
The property’s appeal lies in its combination of generous interior space and a relatively recent build date for the street, without the premium price tag typical of the neighbourhood. Buyers get a home that feels spacious by any standard, in a well-regarded area, but aren’t paying for a large lot or a fully updated luxury finish. It would suit someone who values square footage and a central location over land size or curb appeal—perhaps a family looking for room to grow, or a buyer who wants to add value through updates rather than paying top dollar for a turnkey property.
Frequently Asked Questions
1. How does the land area compare to other homes in the area?
The lot is 5,388 square feet, which is smaller than both the street average (8,323 sqft) and neighbourhood average (9,488 sqft). It ranks in the bottom 10% on Academy Road, so if you’re looking for a large yard or garden space, this property may feel tight compared to its neighbours.
2. Why is the assessed value low relative to the neighbourhood?
The assessed value of $366,000 sits well below the Wellington Crescent average of $805,600. This likely reflects the home’s smaller lot size, its age (though newer than many on the street), and possibly less extensive renovations compared to higher-end properties nearby. It’s not a sign of poor quality, but rather a realistic benchmark for a home that hasn’t been fully upgraded to neighbourhood luxury standards.
3. Is the home considered old or new for the area?
The year built is 1960, which makes it newer than the typical home on Academy Road (median 1938) and in Wellington Crescent (median 1940). Citywide, it’s slightly older than average (1966). So it’s a mid-century home in an area with many older, pre-war houses—offering a good balance of character and more modern construction.
4. How does this property compare to citywide averages overall?
Living area is a standout: 2,394 sqft places it in the top 4% of Winnipeg homes. Land area (5,388 sqft) and assessed value ($366,000) are both around the city median. The year built is also close to average. In short, you’re getting a significantly larger interior than most homes in the city, on a typical-sized lot, at a typical price.
5. What kind of buyer would benefit most from this home?
It’s ideal for someone who prioritizes indoor space and a central location over a large yard or prestige address. A buyer who is comfortable with some updates—or who values the home’s solid bones and wants to customize—could find good value here. It’s less suited to someone seeking a sprawling lot or a fully finished luxury home without any work needed.