1278 Wellington Crescent

Property Overview & Key Characteristics

This is a substantial, character-filled home on a large, prestigious lot. Built in 1911, the two-and-a-half-storey house offers over 4,000 square feet of living space, placing it among the largest homes in Winnipeg. Its recent sale price significantly exceeds its assessed value, indicating a premium paid for its unique attributes. The appeal lies in its rare combination of historic charm, generous proportions, and a prime Wellington Crescent location. The renovated basement adds modern functionality to the classic layout.

It would best suit buyers looking for a legacy property with space and established character, who are prepared for the stewardship of a century-old home. This isn't just a house but a piece of local architecture, ideal for someone valuing history, space over new-build convenience, and the stability of a top-tier neighbourhood. The large lot also offers potential for gardens or expansion, a rarity in the area.

Frequently Asked Questions

1. Why is the recent sale price so much higher than the assessed value?
Assessed value is for municipal tax purposes and often lags behind market value, especially for unique, high-demand properties. The sale price reflects what buyers are currently willing to pay for a rare combination of lot size, historic home size, and location.

2. What should I consider with a home built in 1911?
While it offers immense character, a home of this age requires careful attention to its original systems (like plaster walls, original wiring or plumbing updates, and the foundation). The renovated basement is a positive, but a thorough inspection focused on the structure and updates is essential.

3. How does the large lot size benefit me?
Beyond privacy and space, a 13,000 sqft lot on Wellington Crescent is a long-term asset. It provides ample green space, potential for landscaping or gardens, and possible future development options subject to local bylaws, which is increasingly uncommon.

4. The home ranks very low for its year built on the street. What does that mean?
This statistic shows that most homes on Wellington Crescent are newer. It highlights that this is one of the older, more established homes on the street, contributing to its character and potentially its heritage value, rather than being a drawback.

5. Who might this property not suit?
It may not suit those seeking a low-maintenance, modern turn-key home. Buyers should be prepared for the energy costs and upkeep of a large, older house. It's also likely not for someone whose priority is maximizing new, open-concept layouts, as the floorplan may reflect its era.