This 744 sqft property (built 2007) is notably smaller than its neighbours on Academy Road and within the Wellington Crescent area, ranking last on its street and in its immediate community for living space. However, its assessed value of $264,000 is close to the Winnipeg city average and significantly lower than the high-end homes surrounding it, ranking in the 39th percentile citywide. The building is newer than most nearby options (2007 vs. area averages around 1993–1996), offering a more modern structure. The appeal lies in accessing an upscale, well-regarded neighbourhood at a comparatively modest price point, effectively trading square footage for location and a newer build. This would suit buyers who prioritize being in a desirable area (Wellington Crescent) and value a lower entry cost over having a large floor plan—first-time buyers, downsizers, or investors looking for a smaller unit in a premium market might find it a practical fit.
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Why is the living space so much smaller than other homes in the area?
The property is likely a condominium or apartment within a building on Academy Road, whereas many comparable listings nearby are larger single-family homes. The data reflects the entire street and community, which includes those houses.
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How does the property compare in value to similar-sized homes citywide?
Its assessed value is very close to the citywide average ($256,000), but it sits in a higher-priced pocket of Winnipeg. You are paying for the location rather than the square footage.
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Is the building age an advantage here?
Yes. At 2007, it is newer than most properties on the street and in Wellington Crescent, meaning it may require less immediate maintenance for major systems (roofing, plumbing, electrical) compared to older homes.
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What does the "progress bar" ranking actually mean?
The coloured bar shows roughly how this property compares to others within the same range. For example, a short bar for living space indicates it is on the smaller end, while a fuller bar for assessment suggests it’s nearer to average citywide.
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Can I see how this unit compares to nearby standalone houses?
Yes. The listing includes a link to open a surrounding map analysis, which allows a direct, side-by-side comparison of this property with individual nearby homes for details like land size and construction year.