1-116 Wellington Crescent

Property Overview: 1-116 Wellington Crescent, Winnipeg

Key Characteristics & Appeal

This is a well-situated condo unit in Winnipeg's McMillan neighbourhood, built in 1990. At 958 square feet, its living space is notably more compact than the average home on prestigious Wellington Crescent, but it stands out for its financial fundamentals. Its assessed value of $43,600 ranks in the top tier for the area, placing it significantly above averages for both the street and the wider city. This suggests a property that is financially efficient, carrying a relatively high valuation for its size.

The appeal lies in this value proposition. It offers an entry point to a desirable location without the maintenance demands of a large, older home. The unit’s age is a plus, being newer than most on its street, which can imply fewer major upkeep concerns compared to century-old properties nearby. It would suit a pragmatic buyer—perhaps a first-time homeowner, a downsizer, or an investor—who prioritizes location and solid assessment value over sheer square footage. It’s for someone who sees a higher valuation per square foot as a marker of underlying worth rather than a drawback.

Frequently Asked Questions

1. Is the living area small for the address?
Yes. At 958 sq ft, this unit's living space is below the average for Wellington Crescent. However, its assessed value is well above average for the street, indicating the market recognizes factors beyond just size.

2. What does the high assessed value ranking mean?
It means that, compared to similar properties, this unit is officially valued in the top percentile. In McMillan, it ranks in the top 4%. This strong assessment is a key feature, often reflecting the unit's condition, location, and market position.

3. The sold price history shows a range. Why isn't the exact price listed?
Exact sale prices in Manitoba are not publicly available. The ranges provided are estimates based on public data. You can request the precise historical sale price by email from the listing service.

4. What are the neighbours like?
The listing shows several other units at the same civic address (e.g., 2-116, 3-116 Wellington Crescent), indicating this is likely a condo or apartment block. Nearby properties on the crescent vary from large, early-1900s homes to more modern builds, creating a diverse streetscape.

5. How does its 1990 build year compare?
Built in 1990, this unit is newer than most homes on Wellington Crescent and in the McMillan neighbourhood, where many properties date back to the early 1900s. This can be an advantage for systems, layout, and potential renovation needs.