| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Year Built 1964 （62 years ago） | Top 73%561/773 Avg1977 Top 42%244/582 Avg1957 Top 88%23666/26841 Avg1990 507-250 Wellington Crescent: For Year Built. On Wellington Crescent, below average — Top 73%, rank 561 of 773, and comparable homes in that group average about 1977. in Mcmillan, around average — Top 42%, rank 244 of 582, and comparable homes in that group average about 1957. citywide, below average — Top 88%, rank 23666 of 26841, and comparable homes in that group average about 1990. | ||
Living Area 630 sqft | Top 96%741/773 Avg1,400 sqft Top 86%498/582 Avg1,016 sqft Top 93%24994/26841 Avg1,042 sqft 507-250 Wellington Crescent: For Living Area. On Wellington Crescent, below average — Top 96%, rank 741 of 773, and comparable homes in that group average about 1,400 sqft. in Mcmillan, below average — Top 86%, rank 498 of 582, and comparable homes in that group average about 1,016 sqft. citywide, below average — Top 93%, rank 24994 of 26841, and comparable homes in that group average about 1,042 sqft. | ||
Assessed Value 15.40k | Top 94%728/773 Avg37.10k Top 88%513/582 Avg24.40k Top 84%22664/26841 Avg25.60k 507-250 Wellington Crescent: For Assessed Value. On Wellington Crescent, below average — Top 94%, rank 728 of 773, and comparable homes in that group average about 37.10k. in Mcmillan, below average — Top 88%, rank 513 of 582, and comparable homes in that group average about 24.40k. citywide, below average — Top 84%, rank 22664 of 26841, and comparable homes in that group average about 25.60k. | ||
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: colored length ≈ share of peers you outperform; vertical line ≈ median benchmark; white tick = your position. Badge tint: gold / blue / gray / dark gray for top ~1–5% / 5–30% / 30–70% / beyond.
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Property Summary: 507-250 Wellington Crescent
Key Characteristics & Appeal
This is a compact, 630 sqft apartment unit within a well-established building on one of Winnipeg's most prestigious streets. Built in 1964, it sits in the highly sought-after McMillan neighbourhood. The unit's primary appeal lies in its exceptional location, ranking in the top tier for its street, neighbourhood, and city-wide. It offers a rare, lower-barrier entry point into a prime area known for its grand homes, mature trees, and proximity to the Assiniboine River, Osborne Village, and downtown.
The very low assessed value and modest living space indicate this is likely a practical, no-frills condo. It has no garage or basement, suggesting a lock-and-leave lifestyle. This property would suit a first-time buyer, a downsizer seeking a manageable home in a premium location, or an investor looking for a rental in a consistently high-demand area. Its value is almost entirely in the address and lifestyle, not the unit's size or features. A thoughtful perspective is recognizing this as a "foot-in-the-door" property for the area; it provides the neighbourhood benefits and potential for equity growth without the upkeep of a large, historic home, but also without the modern finishes of newer builds.
Frequently Asked Questions
1. What does the "507-" in the address mean?
This indicates it is Unit 507 within the multi-unit building at 250 Wellington Crescent. The listings for other units (e.g., 102-250, 106-250) in the nearby properties section confirm this.
2. Why is the assessed value so much lower than the nearby houses?
The assessed value reflects this specific condo unit's share of the property, not the entire building or land. It is based on the unit's relatively small size (630 sqft), age, and likely modest interior, compared to the large, single-family homes that dominate the street.
3. What are the monthly condo fees, and what do they cover?
This information is not provided in the data. This is a critical question for any buyer, as fees impact affordability and cover building maintenance, insurance, and potential amenities. This must be obtained directly from the listing agent or corporation.
4. How does the 1964 building age affect the unit?
While the building is well-maintained given its location, a 1960s build may mean original windows, plumbing, or electrical systems that could require updates. The building's reserve fund study and health would be a key due diligence item.
5. The living area is very small. Is there any additional storage?
The listing notes there is no basement and no garage. Secure, on-site storage lockers may or may not be available. This is an important practical consideration for potential owners and should be verified.
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