Property Overview

This condominium at 704-365 Wellington Crescent offers a unique entry point into one of Winnipeg's most prestigious neighbourhoods, Roslyn. Built in 1974, the 900 sqft unit presents a practical opportunity in a high-demand location. Its primary appeal lies in its address and value proposition: it allows for ownership on a celebrated street where single-family homes are often multimillion-dollar properties. The unit ranks in the top tier for its location within both the street and the wider city, but its smaller size and lower assessed value reflect a more modest, manageable footprint within that elite context.

It would suit a specific buyer: perhaps a downsizer seeking a lock-and-leave lifestyle without sacrificing a prime location, a first-time buyer prioritizing postcode over square footage, or an investor looking for a rental in a consistently desirable area. It’s a property for those who value location and community prestige above interior spaciousness or modern build year. A thoughtful perspective is that this home trades sheer space for access—offering walkable proximity to the Assiniboine River, Wellington Crescent's park-like boulevard, and nearby amenities, which for many can outweigh a larger home in a less central area.

Frequently Asked Questions

1. Why is the assessed value significantly lower than the last sale price?
Municipal assessed value for tax purposes is often a lagging indicator and uses a mass appraisal system. It may not capture recent market shifts, specific unit conditions, or the premium buyers place on a Wellington Crescent address. The 2021 sale price is likely a more current reflection of its market value.

2. What does "No Basement, No Garage" mean for daily living?
This indicates the unit is likely a condo apartment within a larger building. You would not have private basement storage or a dedicated garage, though the condominium corporation may offer shared parking or storage lockers. This simplifies maintenance but requires adapting to shared amenities.

3. The living area is 900 sqft. How does that compare to nearby properties?
This unit is notably more compact than many neighbouring houses, as shown in the comparisons. This is typical for a condo versus single-family homes. It emphasizes efficient use of space and likely lower utility costs, but means storage and layout need to be considered carefully.

4. The building is from 1974. What should I be aware of?
A building of this age may have had significant updates to common elements like windows, roof, or plumbing. A review of the condominium's reserve fund study and minutes is essential to understand the building's health, any recent special assessments, and planned future repairs.

5. Who manages the building and what are the monthly condo fees?
This information is not provided in the data. You must request the condominium documents to learn the fee amount, what it covers (e.g., heat, water, building insurance, grounds maintenance), and the reputation and financial management of the condominium corporation.