Property Overview: 705-365 Wellington Crescent

Section 1: Key Characteristics & Appeal

This is a compact, 618 sqft condominium in the sought-after Roslyn neighbourhood, situated directly on prestigious Wellington Crescent. Its primary characteristic is its modest scale and value relative to its high-profile location. The appeal lies squarely in the opportunity to secure an address in one of Winnipeg’s most established and desirable areas at an accessible price point, with an assessed value significantly below area averages. The unit, built in 1974, is newer than many character homes in the neighbourhood but represents a more basic building era.

It would best suit a specific type of buyer: a minimalist, a first-time buyer prioritizing location over space, or an investor looking for a rental in a high-demand area. It offers a practical foothold in a prime location rather than luxury or spacious living. A thoughtful perspective is that this property represents the "entry fee" for the Wellington Crescent postal code—you’re buying the address and the surrounding amenities, parks, and prestige, not the square footage. It’s for someone who values walkability to Osborne Village, The Forks, and downtown, and whose lifestyle is oriented outward into the city rather than centered on a large private living space.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the street average?
The assessed value reflects the property’s specific attributes, primarily its very small size (618 sqft) compared to the large single-family homes that define Wellington Crescent. Value is driven by the unit itself, not just the address.

2. What does the living area ranking mean for me?
The rankings clearly indicate this is one of the smallest properties on the street, in the neighbourhood, and citywide for comparable homes. You should expect a efficient, compact layout suitable for one or two people at most, with no extra space for a home office or guests without creative solutions.

3. Is this a good investment opportunity?
Potentially, due to the perennial demand for the location. Rental demand in the area is typically strong. However, investment returns would depend on condo fees, building financial health, and the specific rental market for small units, which should be investigated thoroughly.

4. How can I find out the exact past sale price?
The provided sold price data is an estimate. As noted on the detail page, you can request the exact sale history and verified figures directly via email from the site, as this information is not displayed publicly due to industry data rules.

5. What are the less obvious costs or considerations?
Beyond the purchase price, condominium fees are a critical factor that will impact monthly carrying costs and value. A building from the 1970s may also have specific maintenance or reserve fund considerations. It’s essential to review the condo corporation’s status certificate for a clear financial picture.