1480 Wellington Crescent

Property Overview

This 1941 two-storey home on Wellington Crescent is defined by its substantial, mature lot and its position within one of Winnipeg's most established neighbourhoods. Its primary appeal lies in the rare combination of a large, 12,376 sqft property in a prime central location, coupled with a renovated basement that adds functional living space. The 2,220 sqft home sits on a street where it ranks in the top half for lot size, but its assessed value is notably higher than many immediate neighbours, suggesting potential for the lot itself or a premium for its specific location and condition.

It would best suit a buyer who values space, privacy, and established character over a brand-new build. This property is ideal for someone looking for a project—whether that means renovating the 85-year-old home to modern standards or considering the long-term potential of the generous lot in a high-demand area. It appeals to those who understand the value of land in a prestigious neighbourhood and are prepared for the upkeep of a mature property.

Key Details & FAQs

• Key Characteristics: Built in 1941, 2,220 sqft two-storey home. Renovated basement. Detached garage. Large 12,376 sqft lot.
• The Appeal: A premier address on Wellington Crescent with an exceptionally large, private lot. The renovated basement adds immediate usable space. The property ranks in the top 2% of its neighbourhood for lot size.
• Ideal For: Buyers seeking land value and location in an established area. Those comfortable with a home of vintage character, possibly looking to update or capitalize on future redevelopment potential.

Frequently Asked Questions

1. Why is the assessed value significantly higher than some nearby homes?
The assessed value of $78.40k ranks in the top 5% of the Sir John Franklin neighbourhood. This premium likely reflects the combined value of its large lot size, specific location on Wellington Crescent, and the renovated condition of the basement, setting it apart from neighbouring properties.

2. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, adding valuable finished living space to the home's 2,220 sqft footprint. Specific details on the scope, finishes, or permits should be verified with the seller or a viewing.

3. Is the house original or has it been updated?
The home was built in 1941, and while the basement is noted as renovated, the listing does not specify updates to the main and upper floors. Buyers should be prepared for a property that may require modernization while offering classic character.

4. How does the lot size compare to others on the street?
The 12,376 sqft lot is a key feature, ranking in the top 56% on Wellington Crescent for size. This is considerably larger than many urban lots, offering unusual space and potential for gardens, expansion, or redevelopment, subject to zoning.

5. What is the neighbourhood like?
Sir John Franklin is a central, mature neighbourhood known for its river proximity and established streetscapes. This property's lot size ranks in the top 2% within the area, indicating it is among the largest and most private parcels available.