125 Montrose Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1922 home with 2,401 sqft of living space on a 6,429 sqft lot, currently assessed at $746,000. What stands out most is how the property performs relative to its peers across different geographic scales.

On its own street, this home ranks in the top 7% for assessed value and top 6% for land area. That means it's one of the more substantial properties on Montrose Street, both in terms of lot size and market value. The living area (top 12% on the street) reinforces this: it's a large home for its immediate context.

Citywide, the numbers are even more striking. This property ranks in the top 3% for assessed value and top 4% for living area across all comparable Winnipeg homes. That's elite territory, suggesting it belongs to a small subset of the city's housing stock in terms of size and value.

The trade-off is age. At 102 years old, it ranks in the bottom 16% citywide for newer construction. Buyers should expect the character, maintenance needs, and layout quirks typical of a 1920s home—original details likely exist, but so do older systems.

Where the appeal lies: The property offers something increasingly rare—a large, well-located lot with a home that has both street-level prominence and citywide scarcity. It's not a teardown candidate (the land alone isn't outsized by neighborhood standards), but rather a home for someone who values established neighbourhoods, mature trees, and the bones of an older residence.

Suitable buyers: Someone looking for a character home in a desirable Winnipeg area who isn't fazed by a century-old structure. This would suit a buyer who prioritizes lot size and location over a move-in-ready, updated interior—or who has the budget to renovate. It's less suited to someone seeking a low-maintenance newer build or a property where the land value alone justifies the price.

Five Frequently Asked Questions

1. How does the assessed value compare to similar homes in the neighbourhood?
At $746,000, it's below the neighbourhood average of $805,600 but well above the street average of $522,700. The home sits in a middle tier for Wellington Crescent—not among the most expensive on the street, but clearly above typical Montrose Street values.

2. Is the land large enough to subdivide or build a secondary suite?
The lot is 6,429 sqft—larger than most on Montrose Street (top 6%) but smaller than the Wellington Crescent average of 9,488 sqft. It's unlikely to meet the minimum lot size for subdivision in this area without checking current zoning bylaws, but it does offer more yard space than many comparable city properties.

3. What should a buyer expect from a 1922 home structurally?
Original homes of this era often have plaster walls, knob-and-tube wiring (potentially updated), cast iron or clay drain pipes, and foundations that may need waterproofing. The age ranking (bottom 16% citywide) signals this isn't a recently modernized home. A thorough inspection of the roof, electrical panel, plumbing, and foundation is strongly recommended.

4. How does this property's living area compare to other homes in the city?
At 2,401 sqft, it's in the top 4% citywide—nearly 80% larger than the typical comparable Winnipeg home (1,342 sqft). Within Wellington Crescent, it's actually slightly below the neighbourhood average of 2,343 sqft, meaning it's a normal size for the area but a standout citywide.

5. What's the resale potential for this property given its age and location?
The combination of a top-tier lot on Montrose Street and a citywide ranking in the top 3% for assessed value suggests strong long-term value, especially if the home is well-maintained. However, older homes in desirable areas often sell for land value plus a premium for the structure. Buyers should factor in that renovation costs may not fully recoup at resale unless the updates are high-quality and period-appropriate.