Property Summary: B-207 Academy Road
Key Characteristics & Buyer Profile
This 1,750 sqft home sits on Academy Road in Winnipeg’s Wellington Crescent area, built in 1911. Its standout feature is size. At citywide level, this property ranks in the top 3% for living area—nearly 700 sqft above the city average for comparable homes. Locally, it’s not as unusual for the street or neighbourhood, where it’s still above average but not exceptional. The assessed value of $330,000 tells a different story: it’s below average for Academy Road and Wellington Crescent (bottom 15% and 14% respectively), yet comfortably above the city average for similar homes. This suggests a property that offers generous space at a price point that’s understated relative to its immediate surroundings. The 1911 build is old by any measure—among the oldest in the city—which may appeal to those interested in character homes or willing to take on updating.
This property suits buyers who prioritize square footage over a trendy address. It’s a fit for someone who wants more room than most city homes offer, without paying a premium for street or neighbourhood status. The contrast between top-tier living area and below-average assessed value for its immediate area hints at a property that may not have been fully renovated or may lack some of the finishes expected on Academy Road. Buyers comfortable with an older home’s quirks, or those looking to add value through updates, should take a closer look.
Five Possible FAQs
1. How does the size of this home compare to others nearby?
It’s larger than average. On Academy Road, it ranks #8 out of 27 homes for living area—top 30%. In Wellington Crescent, it's #8 out of 21, which is solidly above average. Citywide, it’s in the top 3%, so you’re getting significantly more space than most comparable Winnipeg homes.
2. Is the assessed value of $330,000 considered low for this property?
It depends on the comparison. For its own street and neighbourhood, yes, it’s below average—23rd out of 27 on Academy Road, and 18th out of 21 in Wellington Crescent. But citywide, it’s above average, ranking in the top 22%. The gap between its size ranking and its value ranking is worth investigating.
3. What does the 1911 build year mean for maintenance or renovations?
The home is among the oldest in the city—26,328 out of 26,841 comparable homes, in the bottom 2% for year built. That typically means older systems (plumbing, electrical, foundation) may need attention or have already been updated. Buyers should budget for potential upgrades, but also consider the character and craftsmanship often found in early 20th-century homes.
4. Why is the assessed value low relative to the street and neighbourhood?
Several reasons could explain it: the home may have fewer bedrooms, smaller rooms, or less desirable finishes than others in the area. It could also have a smaller lot, older mechanicals, or deferred maintenance. The value reflects the city’s assessment, not necessarily market price, but it’s a useful indicator that this property may be priced more affordably than its neighbours for a reason.
5. Is this home a good investment opportunity?
Potentially, if you’re comfortable with an older home and see room to improve it. The below-average assessment for a high-ranking size in a desirable neighbourhood suggests there may be untapped value. Buying a home that’s modestly priced relative to its immediate area, but with strong fundamentals like size and location, can work well for those who plan to update over time. It’s less suited for someone looking for a move-in-ready, low-maintenance property with top-tier finishes.