Property Overview: 102-250 Wellington Crescent

Key Characteristics & Appeal

This is a compact, 633 sqft condominium built in 1964, located on the prestigious Wellington Crescent in Winnipeg’s McMillan neighbourhood. Its primary appeal lies in its exceptional location, offering an entry point into one of the city’s most sought-after addresses at a relatively accessible price point. The data underscores this: while its living area and assessed value rank in the bottom percentiles for Wellington Crescent itself, they are much more competitive when viewed across the wider city, indicating you are paying predominantly for the location.

The unit would suit a specific buyer: a minimalist, a first-time buyer prioritizing location over space, or an investor looking for a rental in a high-demand area. It’s for someone who values walkability, proximity to the Assiniboine River, and the cachet of the address more than interior square footage. A thoughtful perspective is that this property represents a strategic compromise—acquiring a "footprint" in a prime area where the land and location hold the value, with the understanding that the private living space is modest.

Frequently Asked Questions

1. Why is the assessed value so much lower than other homes on Wellington Crescent?
This is a condominium unit, so the assessed value reflects only the interior unit and a share of common elements, not a large private land parcel. Most other homes on the street are single-family houses, hence the significant disparity in value.

2. What does the sold price history tell me?
The public data shows it last sold between $100k-$150k in 2022. This range is consistent with a smaller, older condo in a premium location. For the exact sale price, you can request it directly from the site via email.

3. Who would this property not suit?
It would likely not suit a family needing multiple bedrooms, anyone requiring significant storage or living space, or a buyer unwilling to live in a building that is over 60 years old and may have associated maintenance or layout considerations.

4. The rankings show it's "below average" for the street. Is that a concern?
Not necessarily, as it's comparing a condo to much larger houses. It’s more informative to look at the city-wide rankings, where it performs much better (e.g., top 93% for living area among all city properties). This confirms it's a smaller home, but not an outlier in the broader market.

5. What are the immediate neighbours like?
The listing suggests several directly adjacent units (e.g., 108-250, 104-250 Wellington Crescent), indicating this is part of a larger condominium complex or row of townhomes, not a standalone building.