110-250 Wellington Crescent

Property Overview: 110-250 Wellington Crescent, Winnipeg

Key Characteristics & Appeal

This is a compact, 633 sqft unit built in 1964, located on the prestigious Wellington Crescent in the McMillan neighbourhood. Its primary appeal lies in its unique position: it offers an entry point into one of Winnipeg’s most sought-after addresses at a notably accessible price point. The assessed value of $13,500 is among the lowest in the area, placing it in the top 1% of affordability on the street. This creates a compelling value proposition for a specific buyer.

The unit suits a pragmatic, location-focused purchaser. It’s ideal for a first-time buyer seeking a foothold in a prime area, an investor looking for a rental in a high-demand location, or a downsizer who prioritizes neighbourhood prestige and walkability over interior space. The appeal is less about the unit's size or vintage and more about the opportunity it represents—owning a property on Wellington Crescent without the typical multi-million dollar price tag. It’s a strategic purchase for someone who values address and long-term potential over immediate square footage.

Frequently Asked Questions

1. Why is the assessed value so much lower than other homes on Wellington Crescent?
This is almost certainly a condominium or apartment unit within a larger building at 250 Wellington Crescent, not a standalone house. The assessed value reflects the individual unit, not the land or building value of the entire prestigious address.

2. What does the "Sold 2016 CA$100k–150k" price range indicate?
This public data suggests the unit last sold nearly a decade ago for a price significantly above its current assessed value. This is common, as assessed value for tax purposes doesn't always equal market value. It indicates the unit has a history of being a marketable property.

3. Who manages the building, and what are the condo/co-op fees?
This is a critical question. The listing data does not include monthly fee information. Prospective buyers must investigate the condo or co-op fees, what they cover, the financial health of the corporation, and any pending special assessments.

4. Is this a good investment opportunity?
Potentially, due to the iconic location. However, investment viability depends heavily on the factors above (fees, building condition) and rental bylaws. Its small size may limit tenant appeal, but the address could command a premium rent from the right tenant.

5. How do I get the exact sale history?
As noted, the exact sold prices are not public. You can provide your email to the listing service to request the precise figures manually from their records, which they promise to provide without marketing spam.