815 Wellington Crescent – Property Summary

Key Characteristics & Buyer Suitability

This property stands out primarily for its exceptional land size and high assessed value within Winnipeg’s most prestigious corridor. At 35,820 square feet, the lot ranks in the top 1% citywide and top 7% on Wellington Crescent itself, where the average lot is less than 14,000 square feet. The living area of 4,138 square feet also places it in the top 1% across the city, well above the typical home on the street. The assessed value of $2.09 million reflects both the scale of the house and the desirability of its location.

Built in 1949, the home is older than many citywide contemporaries but fits comfortably within the character of its neighbourhood, where many homes date from the 1940s or earlier. This is not a turnkey modern build; rather, it offers bones from a well-established era, on a lot size that is increasingly rare.

Appeal lies in three things: the privacy and outdoor potential of a large inner-city lot, the cachet of Wellington Crescent, and the relative value compared to similarly sized estates in other major Canadian cities. The property would suit buyers who prioritize land and location over a newly renovated interior—someone willing to invest in updates or who values original character. It is less suited to someone seeking a low-maintenance, contemporary home or a smaller, more manageable footprint.

Frequently Asked Questions

1. How does the property compare to other homes on Wellington Crescent?
It ranks among the top 10% for assessed value and top 7% for lot size on the street. The home itself is older than the street median (1949 vs. 1948), but the land is what truly sets it apart. Comparatively, most homes on this stretch have less than half the lot area.

2. Is the assessed value of $2.09M a reliable indicator of market price?
Assessed value is a baseline used for property tax purposes and may not match current market value, especially in a unique property segment. However, the fact that it ranks in the top 1% citywide suggests a high price floor. A professional appraisal would be needed for an accurate listing price.

3. What condition is the 1949 home in, and what major updates might be needed?
The provided data does not include condition reports. Given the age, potential areas of concern include electrical, plumbing, roofing, insulation, and windows. Buyers should budget for a thorough home inspection and possibly significant renovation costs, depending on prior upkeep.

4. How large is the lot relative to typical new subdivisions?
At 35,820 square feet (roughly 0.82 acres), this is substantially larger than most new suburban lots in Winnipeg. Citywide, the average lot for comparable homes is under 7,000 square feet. This property offers space for extensive gardens, a pool, or future expansion that subdivisions rarely allow.

5. Why does the property rank lower for year built citywide than on its street?
Citywide, the average home in comparable categories was built around 1966, making a 1949 build older than typical. On Wellington Crescent, however, many homes date from the 1940s or earlier, so this property aligns closely with the neighbourhood’s established character. It is neither unusually old nor new for its immediate area.