Property Overview: 2F-229 Wellington Crescent, Winnipeg
Key Characteristics & Appeal
This condominium at 229 Wellington Crescent in Roslyn presents a compelling blend of modern convenience and established prestige. Built in 2009, its age is a significant advantage, ranking in the top 1% of homes on its street and in the neighborhood. This translates to a more contemporary layout and potentially lower immediate maintenance costs compared to the area's predominantly older housing stock.
The 1,395 sqft living area is spacious, placing it above average for both the neighborhood and the city. The assessed value of $460k, however, is its most standout metric, ranking in the top 5% city-wide. This indicates a premium valuation for a property that sits in a desirable location on Wellington Crescent. The appeal lies in acquiring a relatively new, well-sized home in a prime area without the upkeep demands of a historic estate. It would suit professional buyers or downsizers seeking a low-maintenance lifestyle in a central, prestigious neighborhood, who value modern construction within a classic setting.
A less obvious perspective is the unit's context within a multi-unit building (as indicated by the "2F" prefix and nearby identical addresses). This offers community and security benefits but necessitates a close review of the condo corporation's financial health and bylaws. The prior sale in the $400k-$450k range in 2016 suggests significant equity growth, underscoring the long-term value of the location.
Frequently Asked Questions
1. What does the assessed value ranking actually mean?
An assessed value in the top 5% city-wide confirms this is a high-value property by Winnipeg standards. It reflects the premium for its combination of location on Wellington Crescent, modern build year, and above-average size. It is a strong indicator of the property's official valuation relative to the market.
2. How does the living space compare to nearby homes?
At 1,395 sqft, the unit is slightly below the average for Wellington Crescent itself but is notably larger than the typical home in both the Roslyn neighborhood and Winnipeg overall. It offers ample space compared to most city properties, while being efficient relative to some larger, older estates on its own street.
3. The build year is 2009—what are the advantages?
A 2009 construction means major components like roofing, windows, and mechanical systems are relatively young and likely built to more recent codes. This can offer peace of mind and reduced near-term capital repair costs compared to the area's many heritage homes.
4. Are exact past sale prices available?
The provided data shows a sold price range of $400k-$450k for December 2016. To obtain the exact historical sale figures and a full transaction history, you must request a manual lookup via email from the service, as MLS data is not displayed on this site.
5. What is the significance of the "2F" unit designation?
This confirms the property is a condominium within a multi-unit building. Essential due diligence includes reviewing the condo corporation's reserve fund study, financial statements, and bylaws to understand monthly fees, rules, and the long-term health of the shared property.