Property Overview: 221 Wellington Crescent, Phase 2
Key Characteristics & Appeal
This is a substantial, high-value property in Winnipeg’s prestigious Roslyn neighbourhood. Its primary appeal lies in its exceptional size and elite market position. With over 3,150 square feet of living space, it ranks in the top 1-2% of homes in Roslyn, on Wellington Crescent, and citywide for sheer scale. The assessed value of $819,000 further cements its status, placing it in the top 1% of Winnipeg homes by value.
While its 1966 build date is older than the city average, it is typical for its immediate, well-established area. The property is part of a multi-unit building (as indicated by the "Ph2-" prefix and nearby unit listings), offering a low-maintenance lifestyle without sacrificing significant interior space. This home suits buyers seeking a premium, spacious residence in one of Winnipeg’s most desirable areas, who may prioritize interior square footage and location over a standalone lot. It’s an ideal fit for those looking for a turnkey property in an elite enclave, potentially including professionals or downsizers who want room for family or entertaining without the upkeep of a large yard.
Frequently Asked Questions
1. What does "Ph2-" mean in the address?
This indicates the property is a specific unit within a larger building or complex at 221 Wellington Crescent, likely a condominium or similar stratified title. The nearby listings for units 2A, 2B, 2C, and 2D suggest a multi-residence structure.
2. How current and reliable is the sold price data shown?
The listed sale from April 2016 is based on publicly available data, not the MLS. The site notes that while reasonably reliable, figures have had limited verification. For fully verified transaction history and exact sale prices, you must request a manual lookup from the site.
3. The assessed value is much higher than area averages. What does this mean?
The $819,000 assessment is more than double the averages for the street and area, reflecting the property’s significantly larger size and premium value. It confirms the home is a high-tier asset within an already prestigious location, which will correspondingly influence property taxes.
4. Is the 1966 year built a concern?
While older than the Winnipeg average, the build date is around the median for Wellington Crescent and Roslyn. This is characteristic of mature, established neighbourhoods. Buyers should focus on the building's maintenance history, recent renovations, and condominium reserve fund health rather than the age alone.
5. How does this property compare to nearby "for reference" listings?
The comparison homes show that 221 Wellington Crescent (Ph2) offers substantially more interior space than most nearby properties, even those with similar or higher assessed values. This highlights that you are paying primarily for the generous square footage and location within this specific landmark building.