Property Overview: 5-1800 Wellington Crescent, Old Tuxedo
Key Characteristics & Appeal
This is a well-established, above-average sized home on the prestigious Wellington Crescent. Built in 1988, the 2,128 sqft residence offers space that ranks in the top 6% for its street and the top 2% within the elite Old Tuxedo area. Its assessed value of $682,000 positions it as a high-tier property city-wide (top 1%), while being more in line with the average for the upscale neighbourhood itself. This creates an interesting dynamic: you are acquiring a home of significant scale and value in a prime location, but one that is not an outlier among its immediate, high-value peers.
The appeal lies in its balanced position. It provides substantial living space in a coveted area without being the newest or most extravagant home on the block. This suits buyers seeking a established home in a mature, prestigious neighbourhood, who value location and size over a brand-new build. It would particularly resonate with those who appreciate statistical substance—the data clearly shows a property that outperforms most of the city and holds its own on a desirable street, offering a grounded entry point into one of Winnipeg’s most distinguished communities.
Frequently Asked Questions
1. How does the assessed value compare to likely market value?
While the city-wide assessment is in the top 1%, it is close to the average for Old Tuxedo. Market value is influenced by many factors beyond assessment, but this suggests the home is a typical, not extreme, valuation for this specific neighbourhood.
2. The home was last sold in 2016. What was the exact price?
The public data shows a sold price range of CA$700,000–750,000 for August 2016. To obtain the exact historical sale figure, a manual lookup request must be made directly to the site via email, as they do not display MLS records.
3. Is the 1988 build date a concern?
The year built is newer than most on Wellington Crescent (top 14%), but older than the average in Old Tuxedo. This indicates a home from a modern era of construction, yet one that may require due diligence on updates to major systems like roof, windows, and mechanicals, typical for a home of this age.
4. What does the "similar assessed value" list indicate?
The listed properties with the same $682k assessment are located across various city neighbourhoods. This highlights how the same official value translates to vastly different locations and property types, underscoring the premium for the Wellington Crescent address.
5. Are there many similar properties right nearby?
The listing shows several directly adjacent properties (e.g., 1-1800 through 6-1800 Wellington Crescent), suggesting this is part of a condo or townhome complex, or a series of subdivided lots. A neighbourhood map analysis would be needed to clarify the exact configuration and density.