This is a near-new estate home, built in 2021, on one of Winnipeg’s most prestigious streets. The property ranks within the top 1% citywide for both living area (6,166 sqft) and assessed value ($3.86M). It also sits on a notably large lot—33,741 sqft—placing it in the top 1% citywide for land area and the top 8% on Wellington Crescent itself. The home’s appeal lies not just in its size or value, but in its relative newness: on a street where the average home was built in 1948, this property offers modern construction, systems, and finishes within an established, elite neighbourhood. It would suit a buyer seeking a turnkey estate home—someone who values privacy, space, and prestige but does not want the renovation or maintenance burden of an older property. Because the home is already at the top of the market in its immediate area, the buyer is likely someone for whom long-term value stability and exclusivity matter more than future upside.
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How does this property compare to other homes on Wellington Crescent?
It is the highest-assessed home on the street (ranked #1 out of 267) and among the newest (built 2021, ranked #5). The lot is larger than the street average, but not the largest—ranked #22 out of 267.
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What does “assessed value” mean here, and is it the same as the asking price?
The assessed value is the municipality’s estimate for property tax purposes, not a listing price. It reflects the market at the time of the last assessment. This home’s $3.86M assessed value confirms it is in the top tier citywide.
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Is the land area of 33,741 sqft considered large for Winnipeg?
Yes. The citywide average for comparable homes is 6,570 sqft. This lot is more than five times that size, placing it in the top 1% of all properties in Winnipeg.
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Why does the “year built” ranking show a 2021 home as only top 2%?
Because the citywide data includes all properties—many newer than 2021. On Wellington Crescent, however, a 2021 build is exceptionally new; the street average is 1948, so this home is substantially more modern than its neighbours.
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Does a top 1% citywide ranking guarantee a quick sale or high resale value?
Not necessarily. Top-tier properties often have a smaller pool of qualified buyers and can take longer to sell. The value is well-supported by data, but market timing, interest rates, and buyer preferences in the ultra-luxury segment can all affect how quickly it moves.