Property Overview
This modern, low-maintenance home at 4-509 Academy Road in Winnipeg’s desirable Wellington Crescent area offers a compelling blend of new construction and prime location. Built in 2023, it presents a turn-key opportunity with virtually no upkeep concerns for the near future. Its appeal lies in securing a brand-new dwelling within an established, high-ranking neighbourhood, providing immediate comfort without the typical worries of an older home.
The 1,380 sqft residence suits first-time buyers seeking a quality entry into a top-tier area, downsizers looking for modern convenience without sacrificing location, or investors attracted by the combination of new-build durability and a prestigious address. A thoughtful perspective is its value as a "lock-and-leave" property; the contemporary build likely offers better energy efficiency and modern systems, providing predictable monthly costs—an important factor beyond just the purchase price. While it has a basement, it is not renovated, presenting a clean canvas for future expansion or storage.
Frequently Asked Questions
1. What does the ranking data (e.g., Top 2% in street) actually mean?
This data compares specific metrics of this property against others on the same street, in the neighbourhood, and across Winnipeg. For example, its 2023 build year places it in the top 1% newest homes on its street, highlighting its modern status in an older, established area.
2. The assessed value is $430k, but it last sold for $55k in late 2023. Why such a large difference?
The 2023 sale likely reflects a pre-construction or bare land transaction before the home was built. The current assessed value reflects the completed property, accounting for the new structure and its value in the current market.
3. What is the significance of the "not renovated" basement?
This indicates the basement is unfinished. It provides functional space for utilities and storage but is a blank slate. Buyers should budget and plan for potential future development if they wish to add living space.
4. Who might this property not suit?
It may not suit buyers seeking a large yard, a garage, or immediate character-rich charm often found in older homes. Its appeal is modern convenience and location over traditional architectural details or extensive private outdoor space.
5. The related homes shown have a wide range of values. What does this indicate?
This shows the diversity of the area. You see everything from historic estates to more modest properties, confirming this is a mixed-street neighbourhood. This home offers a way to be in the area with a modern, middle-range property rather than a major renovation project or a premium estate.