681 Wellington Crescent – Property Summary

Key Characteristics & Buyer Profile

This is a 1955-built home on a notably large lot (21,297 sqft), with a living area of 2,329 sqft and an assessed value of $789,000. Its standout feature is the land itself. Citywide, the lot ranks in the top 1%, and within the Wellington Crescent neighbourhood it’s in the top 7%. The house is solidly above average for its street in terms of age—newer than many of its neighbours, which tend to be from the 1940s—but the living area and assessed value are roughly in line with the street and area averages.

The real appeal here is balance. You’re getting a generous piece of land on one of Winnipeg’s most established streets, without paying a premium for a newly built or fully renovated home. The living area, while not outsized compared to neighbours, still puts the property in the city’s top 5%. For someone who values outdoor space, privacy, and the flexibility to renovate or expand over time, this property offers room to grow—literally. It would suit buyers who want the prestige of a Wellington Crescent address and the asset of a large lot, but are comfortable with a house that is liveable rather than showroom-ready. Think of it as a solid foundation for a long-term project, not a turnkey trophy.

Five Possible FAQs

1. How does the assessed value compare to the neighbourhood?
The assessed value of $789,000 is below the neighbourhood average of $805,600 and well below the Wellington Crescent street average of $929,100. On the street, it ranks in the top 41%, meaning there are many higher-valued homes nearby, but it also sits comfortably above the citywide median. This suggests the home is priced reasonably for its lot and location relative to its immediate peers.

2. Is a 1955 home considered old or well-maintained for this area?
It’s newer than the typical Wellington Crescent home, where the average build year is 1948, and ranks in the top 24% on the street. Citywide, however, the average home is from 1966, so this is older than much of Winnipeg’s housing stock. The question isn’t so much age as maintenance history—homes from the 1950s in this area often have solid bones but may need updates to systems like wiring, plumbing, or insulation.

3. Why is the lot size so exceptional relative to the living area?
This is the property’s strongest asset. At 21,297 sqft, the lot is nearly 50% larger than the street average of 13,936 sqft and more than triple the citywide average. Combined with a living area that is only slightly above the neighbourhood norm, it’s clear that the land holds disproportionate value. Buyers should consider whether they want to use that space for gardens, additions, or simply as a buffer from neighbours.

4. Who typically buys homes with this kind of land-to-house ratio?
It often appeals to buyers who see the land as the primary investment—whether for future development, a major renovation, or simply to have more outdoor living space than a typical city lot allows. It can also suit families who want room for kids to play, hobby gardeners, or anyone who values a private, park-like setting without moving farther from the city core.

5. What does “Top 5% citywide” for living area actually mean in practice?
It means the home is larger than about 185,000 other properties in Winnipeg, despite being modest in size compared to its own street. This is a reminder that Wellington Crescent is an outlier—homes here are generally much larger than average. For a buyer coming from a different part of the city, this house will feel spacious. For someone already living on the Crescent, it may feel more typical or even compact.