860 Wellington Crescent – Property Summary
Section 1: Key Characteristics & Buyer Profile
This is a 1929-built home with 2,716 square feet of living space on a 9,752 square foot lot. Its assessed value is $1.17 million.
What stands out is how the property performs relative to different benchmarks. Within the Wellington Crescent street, it’s close to average in size, lot area, and age. But zoom out to the city of Winnipeg, and it ranks in the top 2% for living area and top 1% for assessed value. That gap matters: you’re buying a home that fits its immediate surroundings but sits well above the citywide norm in terms of scale and value.
The appeal is twofold. First, the property offers a strong combination of interior space and land in a prestigious street context—without being the largest or most expensive on the block. Second, the assessed value suggests solid long-term positioning within the city’s upper tier of residential real estate. It’s not flashy, but it’s established.
This property would suit buyers who want a home in a sought-after Winnipeg address, value space both inside and out, and are comfortable with an older home (1929) that likely needs ongoing maintenance or updating. It’s not for someone seeking a turnkey modern build, but rather for those who appreciate character, location, and a property that holds its own among comparable homes on the street and beyond.
Section 2: Five Possible FAQs
1. How does this home compare to others on Wellington Crescent?
On the street, it’s near the average for living area, lot size, and build year. It ranks in the top third for assessed value—above average but not at the top. So it’s a solid, middle-of-the-pack option in a high-end area.
2. Is the 1929 build year a concern?
Properties from that era often have quality construction and established landscaping, but systems (plumbing, electrical, insulation) may be original or outdated. It ranks older than most homes citywide, but within the Wellington Crescent area, it’s close to the median. A thorough home inspection is advisable.
3. What does “assessed value” mean for a buyer?
The city’s assessment of $1.17M is used to calculate property taxes. It doesn’t necessarily equal market value, but it gives a sense of how the property is valued relative to others in the area and across Winnipeg. The top 1% ranking citywide reinforces the property’s position in the upper tier.
4. How does the lot size affect usability?
At 9,752 sqft, the lot is above average for the neighbourhood and well above the city average. It’s smaller than the Wellington Crescent average (13,936 sqft), so expect less sprawling yard space than some neighbours, but still generous compared to most homes in Winnipeg.
5. Who typically buys on Wellington Crescent?
Buyers are often professionals, families, or long-term residents who prioritize location, prestige, and space over modernity. Many are willing to invest in older homes for the address and the character that comes with it. It’s not a first-time buyer market; more suited to those with renovation experience or a clear vision for updates.