1191 Wellington Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a new-construction home on one of Winnipeg’s most established streets, completed in 2024. It sits on a 33,000-square-foot lot—nearly two and a half times the average for its neighbourhood—and offers 5,445 square feet of living space. The assessed value of $3.11 million places it among the top 1% of properties citywide, and it ranks first on its street for year built.
The appeal here is twofold. First, the combination of a very large lot with a brand-new house is rare in an area where most homes date from the 1940s. Second, the property’s ranking data suggests it outperforms nearly all nearby homes in size, value, and modernity, which means it stands out even on a street known for prestige. Buyers who would suit this property are typically those looking for a move-in-ready home with no renovation timeline, who value privacy and land area over a central location. It may also appeal to someone who wants a long-term family compound in a mature neighbourhood, rather than a speculative flip or a pied-à-terre.
Frequently Asked Questions
1. How does the assessed value compare to other homes on Wellington Crescent?
This property is assessed at $3.11 million, ranking 5th out of 267 homes on the street. The average assessed value on Wellington Crescent is roughly $929,000, so this home is well above the street norm and in the top 2% locally.
2. Is the lot size unusually large for this area?
Yes. At 33,000 square feet, it ranks in the top 9% on Wellington Crescent and top 4% in the wider neighbourhood. The average lot in the area is about 9,500 square feet, so this is roughly 3.5 times larger than typical nearby properties.
3. What condition is the home in, given it was built in 2024?
It is brand new. It ranks first on its street and first in its neighbourhood for year built, meaning it is the most recently constructed home among comparable properties in both areas. No major updates or repairs should be needed for the foreseeable future.
4. How does the living space compare to other top-tier homes in Winnipeg?
The 5,445 square feet of living area places it in the top 1% citywide. By comparison, the average living area for high-end homes in Winnipeg is around 1,342 square feet. Even within the immediate neighbourhood, the average is 2,343 square feet, so this home offers more than double the typical space.
5. What type of neighbourhood analysis is available for this property?
There is a detailed neighbourhood map analysis that allows you to compare this home to nearby properties side by side. It includes data on year built, living area, assessed value, and lot size, so you can see how this property ranks relative to specific neighbours rather than just broad averages.