141 Montrose Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1914-built home with 2,704 square feet of living space and a 5,994-square-foot lot in Winnipeg’s Wellington Crescent area. Its standout feature is scale: citywide, it ranks in the top 2% for living area and top 3% for assessed value ($717K). On its own street, it sits comfortably above average for both size and value (top 7% and top 9%, respectively). The assessed value is notably below the neighborhood average of $805K, which reflects that Wellington Crescent includes some significantly larger or more premium properties.

The home is older than most—within the neighborhood, only 7% of comparable houses are older—which suggests it has original character but may also require more upkeep than a newer build. The land area is roughly average for the street and city, but smaller than the neighborhood norm, meaning the lot isn’t unusually spacious for the area.

This property suits buyers who value generous interior space and a strong citywide value position over a large yard or a newer structure. It would appeal to someone looking for a substantial older home in a well-regarded neighborhood, where the price is driven more by livable square footage than by land or prestige upgrades. A practical buyer—someone willing to invest in maintenance or renovations—would likely see the most potential here.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
On Montrose Street, the home is above average—ranked 26th out of 287 properties (top 9%). In the broader Wellington Crescent neighborhood, it’s around average, ranked 220th out of 548. Citywide, it’s in the top 3%, which reflects how much larger and more valuable this home is than the typical Winnipeg property.

2. Is the property considered large for its area?
The living area is well above the street average (1,766 sq. ft.) and the city average (1,342 sq. ft.), but the lot size—5,994 sq. ft.—is about average for the street and slightly smaller than the neighborhood norm of 9,488 sq. ft. So it offers a lot of house on an average-sized lot.

3. What should a buyer know about a home built in 1914?
This is an older home by any standard—citywide, 89% of homes are newer. Buyers should expect systems (plumbing, electrical, roofing) that may be original or partially updated. The age ranking suggests it’s one of the oldest homes on its street and in the neighborhood, which can mean unique architectural details but also a higher likelihood of needing structural or mechanical work.

4. How does this home’s value compare to its street and neighborhood?
On Montrose Street, the home is valued above average ($717K vs. $523K average). But in Wellington Crescent, it’s around average, because that neighborhood includes many higher-end homes. So you’re getting a property that stands out on its street but doesn’t break the neighborhood’s upper price range.

5. Who is this home not ideal for?
It’s less suited for buyers seeking a large, private lot, or someone who wants a move-in-ready home without the possibility of updating older systems. It may also not appeal to those looking for a home that’s typical of the neighborhood in terms of lot size—since the land is notably smaller than the Wellington Crescent average.