155 Academy Road – Property Summary
Key Characteristics & Buyer Profile
This 1953 home on Academy Road offers 2,028 square feet of living space on a 7,191-square-foot lot. Its assessed value is $280,000.
The property’s strongest points are its living space and lot size relative to the rest of the city. Citywide, it ranks in the top 10% for living area and top 16% for land area, meaning it provides generous interior and outdoor dimensions compared to typical Winnipeg homes. Its year of construction (1953) is older than the citywide median of 1966, but it ranks near the top of Academy Road and the Wellington Crescent neighbourhood—these areas have many homes built in the 1930s and 1940s, so this property fits the local character rather than standing out as exceptionally old.
Where the property diverges is in assessed value. At $280,000, it sits well below both the Academy Road average ($440,400) and especially the Wellington Crescent average ($805,600). Citywide, it’s still below average but less dramatically so. This suggests the home may need updating, be smaller than nearby comparables, or sit on a less prominent stretch of the street.
Who it suits: Buyers who prioritize space—both indoors and outdoors—over move-in-ready finishes, and who are comfortable with a home that may need cosmetic or mechanical work. It could also appeal to someone who wants a foothold in the Academy Road/Wellington Crescent area without paying the premium for a fully renovated property. It’s less suited to buyers seeking turnkey condition or a home that matches the top-tier valuations in the immediate neighbourhood.
FAQs
1. Why is the assessed value so much lower than the neighbourhood average?
The Wellington Crescent area includes some of Winnipeg’s most expensive homes. Even though this property is spacious and on a good lot, its assessed value suggests it has not been updated to the same standard as many neighbours, or it may lack certain high-end features common in that pocket. A closer inspection would clarify whether the gap is mostly about finishes, square footage compared to neighbours, or location within the street.
2. How does the 7,191 sqft lot compare to typical Winnipeg lots?
It’s above average. Citywide, the median lot for comparable homes is 6,570 sqft, so this lot gives you more outdoor space than most. Within Academy Road itself, it’s slightly below the median (8,323 sqft), but still in the middle of the pack. For a city lot, it offers solid depth and width for gardens, a garage, or future additions.
3. Is a 1953 home likely to have original mechanicals or structure?
Possibly, but not necessarily. 1953 is late enough that the home may have poured concrete foundations and updated wiring if previous owners invested in improvements. That said, systems like the furnace, roof, and windows could be original or near-original. Buyers should budget for potential upgrades to heating, electrical, and plumbing that are common in homes of this vintage.
4. How does this property rank within Academy Road specifically?
On the street, it ranks 7th out of 62 for year built (among the older homes), 25th for living area (solidly above average), and 54th for assessed value (near the bottom). In other words, it’s one of the more affordable homes on a street where many properties command much higher prices. That can be an advantage—you may get similar square footage for less—but also indicates it doesn’t match the top end of the market.
5. What should I look for during a viewing?
Beyond typical home inspection items, pay attention to whether the house has been renovated recently or if it’s largely original. Check the basement for signs of moisture, given the age. Also note how the property sits on the lot—whether there’s room for expansion, a garage, or landscaping changes. Given the assessed value gap, a thorough inspection is especially important to understand what work might be needed and to compare the true cost of the home to other listings in the area.