69 Academy Road – Property Summary

Key Characteristics & Buyer Profile

This 1,144-square-foot home built in 1950 sits on a notably compact 3,861-square-foot lot in the Wellington Crescent neighbourhood. Compared to others on Academy Road and within the immediate area, the property ranks low for both living area and land size. Its assessed value of $245,000 is well below the street average of $440,400 and the neighbourhood average of $805,600—placing it in the bottom tier locally. However, the home is nearly average citywide in living space and sits in a desirable postal code with older, larger homes nearby.

The main appeal here is not the house itself, but the address. Buyers would be paying for access to a prestigious pocket of Winnipeg with a relatively modest entry point. The property suits someone who values location over square footage and is willing to renovate or hold for future land value. It may also appeal to investors looking for a smaller footprint in an area where average lot sizes are more than double this one—meaning the price reflects the lot constraints, not the street name. This is not a home for someone seeking move-in-ready space or a large yard; it works best for those who see the trade-off clearly.

Frequently Asked Questions

1. Why is the assessed value so low compared to neighbours?
The assessment reflects both the smaller living area and the significantly smaller lot. On Academy Road, most homes sit on lots averaging 8,323 square feet—more than double this property's 3,861 square feet. The home itself is also smaller and older than many in the immediate area. The citywide assessment median is $390,100, so the $245,000 figure is below that as well, but not as dramatically as it appears within the Wellington Crescent context.

2. Does the “Top 87%” living area ranking mean this is a small home overall?
Not citywide. The home ranks in the top 56% for living area across Winnipeg, meaning it's around average for the city. The “Top 87%” ranking applies only to Academy Road, where homes average 1,864 square feet. The contrast highlights how much larger homes are in this specific pocket, not that the house itself is unusually small.

3. How does the 1950 build year affect maintenance or renovations?
Homes from that era typically have solid framing but may need updated electrical, plumbing, and insulation. The property is relatively young compared to the neighbourhood average of 1940, so it avoids some of the quirks of pre-war construction. Citywide, the average build year is 1966, so this home is older than typical Winnipeg stock but not unusually old for the area.

4. Is this a teardown candidate?
Possibly, but not an obvious one. The land is small by local standards, which limits what could be built without a variance. A teardown would make more sense on a lot closer to the street average. That said, if someone wanted a new home in this postal code and didn't need a large footprint, the land cost is relatively low compared to neighbouring lots. The math depends on construction costs and what the buyer is willing to spend for the location.

5. How does this property compare to others on the neighbourhood map?
The neighbourhood analysis page (linked above) shows side-by-side comparisons of year built, living area, assessed value, and lot size for nearby homes. Visually, this property will appear as one of the smaller and lower-valued homes on the street. The map is useful for understanding whether this is an outlier or part of a cluster of similar homes—helpful context before making an offer.