1340 Wellington Crescent – Property Summary
Overview & Buyer Profile
This is a 2,996 sqft home built in 1953 on a 9,111 sqft lot at 1340 Wellington Crescent. Its main appeal is scale and value relative to the broader city. While the living area is close to the average for its own street (2,574 sqft), it ranks in the top 1% citywide—meaning you get genuinely large interior space by Winnipeg standards. The assessed value of $1.25M also sits in the top 1% citywide, but it’s only slightly above the street average ($929k) and neighborhood average ($805k). This suggests the property is priced strongly for its location but is not an outlier within its immediate context.
The lot size is modest for the street (9,111 sqft vs. a street average of 13,936 sqft), landing in the 58th percentile on Wellington Crescent. Citywide, however, it’s still in the top 8%. So while you’re not buying a sprawling estate lot, the property holds its own in terms of land relative to most Winnipeg homes.
This property would suit a buyer who wants a large, well-placed home without the competition or premium of a true trophy property. It’s a solid fit for someone who values interior space and citywide exclusivity but is comfortable with a lot that’s more typical for the street. It may also appeal to those looking for a home on a prestigious crescent without paying a premium for the largest lot in the area.
Frequently Asked Questions
1. How does this property compare to others on Wellington Crescent?
The home is above average in assessed value (ranked 65 out of 267, top 24%) and year built (ranked 74, top 28%). Its living area is around average for the street (ranked 87, top 33%). The lot is slightly below average for the street (ranked 154, top 58%). So it’s competitive on value and condition, but not a standout for lot size on the crescent.
2. Is the lot considered small for this area?
Yes, relative to Wellington Crescent. The average lot on the street is nearly 14,000 sqft, while this one is just over 9,000 sqft. That said, it’s still well above the city average of 6,570 sqft, ranking in the top 8% citywide. So it’s not small overall—just smaller than most of its immediate neighbours.
3. How does the year built affect the property’s appeal?
Built in 1953, it’s newer than many homes on the street (average 1948) and in the neighborhood (average 1940). Citywide, it ranks in the top 69%, which is about average. That means it’s not a historic home, but it’s also not particularly new. It may offer a more modern layout than older stock, but buyers should still expect typical mid-century construction considerations.
4. What does “top 1% citywide” really mean here?
It applies to both living area (2,996 sqft) and assessed value ($1.25M). Out of roughly 194,000 comparable homes across Winnipeg, this property ranks 2,019th for size and 941st for value. In practical terms, it places the home in a very small group of high-end properties citywide—though within its own street, it’s more mid-range on size and slightly above average on value.
5. Should I expect this property to appreciate differently than others on the street?
Not necessarily. Its assessed value is already ahead of the street average, so some of the location premium is baked in. The lot is smaller than typical for the crescent, which may limit upside compared to larger-lot neighbours. However, the large living area and strong citywide ranking could support stable value over time. It’s not a ground-floor opportunity, but it’s also not overextended relative to its immediate benchmarks.