161 Academy Road – Property Summary
Key Characteristics & Buyer Profile
This 1953 home on Academy Road sits on a 7,192 sqft lot with 2,028 sqft of living space and an assessed value of $275,000.
The property's main appeal is its size relative to cost. Citywide, the living area ranks in the top 10% (larger than 90% of comparable homes), yet its assessed value sits well below average—both on the street and within the upscale Wellington Crescent neighbourhood. This creates a notable gap: you get a genuinely spacious home in a prestigious area without paying the premium typical of that location. The year built (1953) also stands out on this street—ranked 7th out of 62, meaning it's one of the newer homes on Academy Road, where the average build year is 1938.
The land is a mixed picture. The lot is slightly smaller than the street and neighbourhood averages, but still ranks in the top 16% citywide—a reminder that most Winnipeg homes sit on under 6,600 sqft.
This property would suit a buyer who values interior square footage and wants access to the Wellington Crescent area, but isn't chasing prestige finishes or a premium lot. It may appeal to someone willing to invest in updates—since the low assessed value likely reflects condition or features rather than location—or a buyer who prioritises usable space over street-level curb appeal. It's less suited to someone expecting turn-key luxury or a large, landscaped yard typical of the neighbourhood.
Frequently Asked Questions
1. Why is the assessed value so low compared to others on the same street?
The home ranks near the bottom for assessed value on Academy Road (55 out of 62). This likely reflects interior condition, finishes, or a lack of recent renovations rather than the location itself, since nearby homes carry much higher values.
2. How old is this house, and has it been updated?
Built in 1953, it's one of the newer homes on a street dominated by pre-1940s houses. The assessment doesn't specify renovations, so a buyer would need to inspect for updates to the mechanicals, roof, windows, and interior finishes.
3. Is the lot size considered small for this neighbourhood?
Slightly. The lot is 7,192 sqft, compared to the neighbourhood average of 9,488 sqft. Citywide, however, it's still above average. It's a reasonable lot for most uses but won't match the larger yards found on many Wellington Crescent properties.
4. How does this property compare to the typical home in Winnipeg?
Above average in living space (top 10%) and land area (top 16%), but below average in assessed value (bottom 23%). It's essentially a larger-than-normal house in a better area, priced more like an average city home.
5. Who typically buys in this price range on Academy Road?
Buyers here often value location and square footage over cosmetic perfection. Many are looking for a solid, spacious home in a desirable area that they can update over time, rather than a move-in-ready showpiece.