Property Overview & Key Characteristics
This home at 1-100 Wellington Crescent presents a compelling blend of established neighbourhood character and modern practicality. Built in 1994, it offers a more contemporary layout compared to many heritage homes in the area, featuring 1,443 sqft of living space and a renovated basement. Its assessed value of $470k positions it well above most neighbouring properties on Wellington Crescent, suggesting significant updates, a premium location within the street, or a larger unit size given the address format.
The appeal lies in its relative modernity within a mature, sought-after neighbourhood. It suits buyers looking for the established streetscape and convenience of the McMillan area but preferring a home from the 1990s with likely fewer maintenance concerns than a century-old property. It’s a practical choice for those who want character without the full restoration project, possibly appealing to downsizers from larger area homes or young families seeking move-in-ready space. A less obvious perspective is its value proposition: while the assessment is high for the street, it may represent a more energy-efficient and easily customizable blank slate compared to pricier, fully renovated heritage homes.
Frequently Asked Questions
1. Why is the assessed value so much higher than nearby homes on the same street?
The significantly higher assessment ($470k vs. others on the street often below $100k) strongly indicates this is a substantially renovated property, a larger condominium or townhouse unit within the 100 Wellington Crescent complex, or a home with significant additions. It reflects a major modernization that municipal assessment recognizes.
2. What does the address format "1-100" likely indicate?
This typically denotes a unit number (Unit 1) within a multi-unit building or complex at the civic address 100 Wellington Crescent. This explains the shared address with the other "nearby properties" listed (e.g., 2-100, 3-100 Wellington Crescent).
3. Is there a garage or pool?
Based on the provided data, the property does not have a garage or a pool.
4. How does the living area compare to the neighbourhood?
At 1,443 sqft, the living area is above average for both the immediate street and the wider Winnipeg area, ranking in the top 52% and 69% respectively. It offers a comfortable size without being overly large.
5. The "related homes" viewed have much lower values. Are they good comparisons?
Not directly. The listed "related homes" are likely viewed due to the same street name or neighbourhood, but their vastly lower assessments and older construction dates (mostly early 1900s) show they are fundamentally different properties. They highlight the diversity of the area but don't reflect this specific home's modernized or larger-unit value proposition.