101 Academy Road – Property Summary
Key Characteristics & Buyer Profile
This is a large, older home on Academy Road in the Wellington Crescent neighbourhood. At 3,047 square feet, the living area ranks in the top 1% citywide and well above average on its street. The house was built in 1906, making it one of the oldest properties on the block—and in the neighbourhood—so original character and period details are likely present. The land area is 7,183 square feet, which is modest relative to other homes in the immediate area but still above average for Winnipeg as a whole.
The assessed value is $500,000. While that sits above the street average of $440,400, it is significantly below the neighbourhood average of $805,600. This gap suggests the property may offer more square footage for the dollar than many nearby homes, possibly because the house is older or needs updating. The combination of a top-tier living area, a below-average assessed value relative to the neighbourhood, and a century-old build makes this a property with both potential and trade-offs.
This home would suit a buyer who values interior space and is not intimidated by an older structure. It may appeal to someone looking for a project—whether cosmetic updates or more substantial renovations—in a desirable area. It could also work for buyers who prioritize square footage and location over move-in readiness or modern finishes. Families, downsizers, or investors who understand older homes and want a foothold in Wellington Crescent without paying the neighbourhood’s typical price point may find it worth a closer look.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
The assessed value is $500,000, which is above the street average ($440,400) but well below the neighbourhood average ($805,600). Citywide, it ranks in the top 20% of comparable homes. This suggests the property is priced below many others in the Wellington Crescent area, possibly due to its age or condition.
2. Is the house a good candidate for renovation?
The 1906 build date places it among the oldest homes on the street and in the neighbourhood. Original features are likely intact, but systems and finishes may be dated. The land area is not unusually large for the area, so any expansion would need to work within existing lot constraints. A thorough inspection would be essential before planning major work.
3. How does the land size stack up against other properties?
At 7,183 square feet, the lot is around average for Academy Road and slightly below average for the Wellington Crescent neighbourhood. Citywide, it ranks in the top 16% for land area, so it is generous by Winnipeg standards but not oversized for its immediate context.
4. What is the neighbourhood like?
Wellington Crescent is one of Winnipeg’s more established residential areas, with larger homes and mature trees. Academy Road runs through it and offers a mix of older houses and some newer infill. The area is known for its walkability, proximity to the river, and access to shops and services along Academy Road itself.
5. Why is the assessed value lower than the neighbourhood average despite the large living area?
Assessed value is influenced by factors beyond square footage, including age, condition, lot size, and recent sales of comparable properties. A 1906 home with an average lot in a neighbourhood full of newer or larger lots and more modern homes will likely be assessed lower, even if the interior floor plan is generous. This can sometimes represent an opportunity for buyers willing to invest in upgrades.