94 Oak Street – Property Summary

Key Characteristics & Buyer Profile

This 2,728 sqft home built in 1929 sits on an 8,780 sqft lot in Winnipeg’s Wellington Crescent area. Its standout feature is scale: across every geographic comparison—street, neighbourhood, and city-wide—the living area ranks in the top tier. At the city level, it falls within the top 2% of homes by size, and its assessed value of $976,000 lands in the top 1% city-wide. The land parcel is also generous relative to the immediate street, measuring nearly 3,000 sqft above the Oak Street average.

What makes this property less obvious is the age profile. A 1929 build places it among older homes even on its own street, where the average build year is 1945. That means the home likely carries original character and construction methods that appeal to buyers who value pre-war craftsmanship, but it also suggests potential maintenance considerations around systems, insulation, and foundation that a newer home wouldn’t present.

The appeal lies in the combination of interior space and lot size within an established neighbourhood. It’s not the largest home in Wellington Crescent by land (it ranks mid-pack there), but it offers more interior square footage than most properties at this address tier. The assessed value being well above street and neighbourhood averages reinforces that this is a high-equity asset in a desirable pocket.

This property would suit buyers who want substantial interior space on a good-sized lot without moving into a newer subdivision. It’s appropriate for someone willing to work with an older home’s quirks in exchange for location and square footage that’s hard to replicate. Families needing room to spread out, or buyers looking for a renovation project with strong underlying value, would find it particularly relevant.

Five Possible FAQs

1. How does the assessed value compare to similar homes nearby?
The home’s assessed value of $976,000 ranks 12th out of 255 properties on Oak Street (top 5%), and 129th out of 548 in the Wellington Crescent area (top 24%). City-wide, it lands in the top 1% of all comparable homes. That puts it well above both street and neighbourhood averages, which sit at $548,400 and $805,600 respectively.

2. Is the 1929 construction a concern?
It depends on your tolerance for older homes. The property is older than most on its street (ranked 184 out of 255, top 72%), but many homes in Wellington Crescent date from similar eras—the neighbourhood average build year is 1940. Buyers should budget for potential updates to electrical, plumbing, or insulation, but a 1929 home of this size and value likely has had significant work done over the years. A thorough inspection is advisable.

3. How does the lot size compare to others in the area?
The 8,780 sqft lot is well above the Oak Street average of 5,862 sqft (top 7% on the street). Within Wellington Crescent, it’s closer to average (the neighbourhood average is 9,488 sqft), so you’re getting a larger-than-typical lot for the immediate street but a fairly standard size for the broader area.

4. What’s the breakdown of living space versus total square footage?
The listing provides living area at 2,728 sqft, but does not specify whether that includes basement space. Given the era and typical Winnipeg home layouts, this likely refers to main and upper floor finished area. Buyers should confirm the total finished square footage, including any developed basement, as that can significantly affect usable space and value.

5. Is the neighbourhood analysis map viewable?
Yes, the listing includes a link to an interactive neighbourhood map that lets you compare this property’s year built, living area, assessed value, and lot size against nearby homes. It’s a useful tool for understanding how 94 Oak Street fits into the immediate context beyond the raw rankings.