1-509 Academy Road

Wellington Crescent, Winnipeg

Property score

81.5

Excellent

Overall 81.5 · Newer than most nearby homes

1,363 sqft (bottom 33%) · Built in 2023 (27 yrs newer than avg)

Located in a high-income area with median household income of ~101k

Transit 94.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 4 parks, 1 fuel station, and 1 place of worship nearby

Living Area

Below average

23% smaller than neighborhood avg.

Year Built

Above average

27 yrs newer than neighborhood avg.

Mother tongue

English · 85%French · 2%

Past 10 years Wellington Crescent sales snapshot (~80% of all data)

Sold Count

17

Median price

570.4k

$/sqft

$391/sqft

Avg build year

1996

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Property score

81.5 is composed by the two sections below.

Property Score

78.8Good
Living Area1,363 sqft71Good
Year Built2023100Excellent
Neighbourhood Sales Activity53Fair

Community Score

85.6Excellent
Household Income85Excellent
Education Level100Excellent
Housing Stress83Excellent
Core Housing Need88Excellent
Employment Health60Fair

Neighbourhood Sales

Wellington Crescent

How to read: Share of sales in each ~$50k price band for “wellington crescent” (Condos, 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110378

Community deep dive

$101K

Median household income

$122K

Average household income

7%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.6

P90 / P10 ratio

32%

Single-person households

22%

Families with children

Population, labour & age

Population (2021)541
Labour force participation rate68%
Median age44.0
Avg household size2.1
Unemployment rate16%
Population density2459 / km²

Households & income

Low income (LIM-AT, % pop.)7%
Single-person households32%
Couple families with children22%
Median household income (2020)$101K

Housing

Renter households19%
Condominium dwellings0%
Median dwelling value (owners)$380K

Diversity, education & language

Immigrants (share of pop.)11%
Visible minority9%
Bachelor's or higher (25–64)63%
Mother tongue (1st)English · 85%
Mother tongue (2nd)French · 1%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,363 sqft
0255075100
Same streetBottom 37%Same areaBottom 33%CitywideTop 16%
Same street · Academy Road
#17 / 27
Bottom 37% · Avg 1,675 sqft
Same area · Wellington Crescent
#14 / 21
Bottom 33% · Avg 1,781 sqft
Citywide · Winnipeg
#4,190 / 26,841
Top 16% · Avg 1,042 sqft

Tax-Assessed Value

above average
425k
0255075100
Same streetBottom 44%Same areaBottom 48%CitywideTop 7%
Same street · Academy Road
#15 / 27
Bottom 44% · Avg 484.3k
Same area · Wellington Crescent
#11 / 21
Bottom 48% · Avg 503.7k
Citywide · Winnipeg
#1,967 / 26,841
Top 7% · Avg 256.1k

Year Built

Elite
2023
0255075100
Same streetTop 4%Same areaTop 5%CitywideTop 1%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

1-509 Academy Road — 6 amenities found within 500 m, across 3 categories, including 4 parks (nearest 302 m).

Search radius
🌳Parks4
Fuel Stations1
Worship1

Crime & Safety

Wellington Crescent · WPS public data · 2026

Annual incidents

13

2026

vs. city avg

-56%

relative to avg

Year-over-year

-93%

vs. prior year

Primary type

Property

77%

Sales History

Sold 5/2024CA$500k–550k
Sold price

Same street

Top 43%

Same area

Bottom 47%

City-wide

Top 2%

Related homes

Highlights & common questions: 1-509 Academy Road, Winnipeg

1-509 Academy Road – Property Summary

Key Characteristics & Buyer Profile

This is a single-family home built in 2023, with 1,363 square feet of living space and an assessed value of $425,000. It sits on Academy Road in the Wellington Crescent neighborhood of Winnipeg.

The property’s strongest differentiator is its age. It’s the newest home on its street and in its immediate area, and ranks in the top 1% citywide for year built. For buyers who want a newer build without the wait or uncertainty of construction, this is a notable edge. The living space is slightly below the street and neighborhood averages (1,675 and 1,781 sqft, respectively), but well above the citywide average for comparable homes (1,042 sqft). Similarly, the assessed value is below local medians but well above the citywide average.

The appeal here is a trade-off. You get a very new house in an established, likely desirable neighborhood, with a size and value that sit modestly below nearby older homes. This might suit buyers who prioritize a modern build—lower maintenance, better energy efficiency, current finishes—over maximum square footage or the highest value per dollar on the street. It could also appeal to someone downsizing within the area or entering a higher-price-point neighborhood at a slightly lower entry point than many surrounding properties.

Five Possible FAQs

1. How does this home's size compare to typical houses in the neighborhood?
It's slightly smaller than average for Academy Road and the Wellington Crescent area. The average home on this street is about 1,675 sqft; this one is 1,363 sqft. However, it's significantly larger than the typical comparable home citywide (1,042 sqft).

2. The property is newer than almost everything nearby. Does that affect the assessed value?
In this case, being newer doesn't mean a higher assessed value relative to the street. The home's $425,000 assessment is below the street average of $484,300 and the neighborhood average of $503,700. New construction can have a higher cost per square foot, but the smaller size here likely balances that out.

3. What does "Top 1% citywide for year built" actually mean?
It means that out of over 26,800 comparable homes in Winnipeg, only about 379 are newer than this one. It's a very strong ranking, reflecting the rarity of a home built in 2023 in any established area, let alone one with older housing stock like much of Wellington Crescent.

4. Is the assessed value of $425,000 a reliable guide to market price?
Assessed value is used for property tax calculation, not a direct market valuation. It's useful for relative comparisons—this home is valued lower than its street and neighborhood averages, which could suggest it’s priced conservatively or reflects its smaller size. A real estate agent would need to factor in current market conditions, recent sales, and the premium (if any) for new construction.

5. What does "comparable homes" mean in the rankings?
The data compares this property to other single-family homes within the same street, neighborhood, and city. The "averages" are rough medians for homes considered comparable—likely similar in type and use, not including condos or commercial properties. The rankings show how this home stacks up specifically within those groups.

Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.