227 Academy Road – Property Summary
Key Characteristics and Buyer Profile
This 1,204-square-foot home, built in 1951, sits on a 6,002-square-foot lot in Winnipeg’s Wellington Crescent area. Its assessed value is $426,000.
The property’s size and value are modest relative to its immediate street and neighbourhood. On Academy Road, it ranks near the bottom for living area (top 77%) and lot size (top 81%), and its assessed value sits around the midpoint (top 50%). Within the broader Wellington Crescent area, it falls well below average on both size and value—many neighbouring homes are significantly larger and more expensive.
Citywide, the picture shifts. The living area is slightly below the median for comparable homes, but the assessed value lands in the top third, and the lot size is near average. The year built is older than most Winnipeg homes (top 71%), but not unusual for this neighbourhood, where many houses date from the 1930s and 1940s.
The appeal lies in relative affordability within a prestigious area. A buyer gets a foothold on a well-regarded street without the premium price tag of the larger, grander homes nearby. It suits someone who values location over square footage—perhaps a downsizer, a first-time buyer with some flexibility, or an investor who sees potential in a smaller property in a desirable pocket. The house is likely a more modest post-war build, not a showpiece, so expectations around finishes and space should match that reality.
Frequently Asked Questions
1. How does the property compare to others on Academy Road specifically?
It’s smaller than most. Living area and land are both below average for the street, though the assessed value is about average. It’s one of the more modest homes in that immediate stretch.
2. Is the neighbourhood considered expensive?
Yes. The Wellington Crescent area has a high average assessed value—over $800,000—so this property is well below the neighbourhood norm. That’s both a warning (you’re not getting a typical “Wellington Crescent home”) and an opportunity (you’re paying less for the address).
3. What’s the lot like?
At 6,002 square feet, it’s on the smaller side for the street and neighbourhood, but roughly average for Winnipeg in general. Enough for a yard and garden, but not expansive by local standards.
4. Is the 1951 build a concern?
Not necessarily for the area—many homes here are older. But the citywide average is 1966, so it’s older than typical Winnipeg stock. Buyers should budget for updates to mechanicals, windows, or insulation, which are common in homes of this vintage.
5. Who typically buys this type of property?
People who want to live in a sought-after area without buying a full-scale family home. It could also suit someone planning a renovation or addition, provided zoning allows. It’s a compromise between location and size—worth it if the location matters more than having extra rooms.