951 Wellington Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a large, older estate property located on one of Winnipeg’s most prestigious streets. The home offers 3,163 square feet of living space, placing it in the top 1% city-wide for size, and sits on a notably expansive 55,408 square foot lot—among the largest on Wellington Crescent (top 2% on the street, top 1% in the city). Built in 1928, the home is older than the average in its immediate area, which aligns with the character of established neighbourhoods. Its assessed value of $1.32 million reflects both its scale and location, ranking in the top 1% across Winnipeg. The property’s appeal lies in its combination of rare land size and prestige address. It would suit buyers looking for a substantial lot in a prime Winnipeg location—likely those interested in renovation, rebuilding, or long-term land value, rather than a move-in-ready modern home. The age and size suggest a property that may require significant upkeep or updating, which appeals to buyers with both vision and resources.
Five Possible FAQs
1. How does the lot size compare to other properties nearby?
It ranks 5th out of 267 homes on Wellington Crescent for land area, and 5th out of 548 in the broader community. At over 55,000 square feet, it is roughly four times the average lot size on the street, making it one of the largest parcels in the area.
2. What does the assessed value of $1.32 million actually mean?
This is the city’s assessed value used for property tax calculation. It places the home in the top 1% city-wide. While not necessarily the market price, it reflects the property’s relative standing in terms of size and location.
3. Is the home original or updated?
The listing does not specify condition or renovations. The 1928 build date is older than the average home on Wellington Crescent (1948) and significantly older than the city average (1966). Buyers should budget for potential updates to systems, structure, and finishes.
4. Who typically buys a property like this?
It often appeals to buyers who value land and location above a turnkey home. This could include families planning a major renovation, developers looking at redevelopment potential, or long-term investors seeking a rare property in a sought-after neighbourhood.
5. How does this property compare to others in the same price range?
Within its price range, this property is unusual for its combination of very large lot and older home. Many comparably valued homes in Winnipeg may be newer or smaller. The land-to-building ratio here is significantly higher than average, which is a key differentiator.