Key Characteristics & Ideal Buyer Profile

This is a 1,628 sqft home built in 1922 on a 4,300 sqft lot at 131 Niagara Street. Its appeal is rooted in solid, above-average living space relative to the city as a whole (ranking in the top 24% citywide for size), paired with a property tax assessment that also sits above the city average. However, within its immediate neighbourhood of Wellington Crescent, both the home’s size and land area are noticeably smaller than the local norm—where average living space is 2,343 sqft and average lot size is nearly 9,500 sqft. This dynamic gives the property a kind of dual character: it offers good value and square footage from a citywide perspective, yet sits as a more modest offering in a high-end area.

The house itself is older, built in 1922, which places it among the older homes on its street and in the city (top 86% citywide for age). For the right buyer, this could mean period character and established construction, but it also implies the need for ongoing maintenance. The property is best suited for someone who values a larger-than-average home by Winnipeg standards and wants to be in the Wellington Crescent area, but is realistic about what that budget can buy in that specific pocket—namely, a home that is less ostentatious than its neighbours in terms of both footprint and land. It is less ideal for buyers seeking maximum space within the neighbourhood or a large yard.

Five Possible FAQs

1. How does this home’s value compare to others nearby?
The property’s assessed value of $46.7万 is close to the street average of $47.7万, which puts it roughly on par with immediate neighbours. However, in the broader Wellington Crescent area, the average assessed value jumps to $80.6万, meaning this home is assessed at well under half of the community average. It is a relatively affordable entry point into that neighbourhood.

2. Is the land size considered small for the area?
Yes, within Wellington Crescent, the 4,300 sqft lot is notably smaller than average. The neighbourhood average is roughly 9,488 sqft, making this lot about 45% of the typical size. Across the city, it is closer to average (ranking in the top 69%), so it is not unusually small by city standards—just within its immediate community.

3. Does the 1922 build date mean the home is in poor condition?
Not necessarily. An older build date (ranking in the top 86% oldest citywide) suggests the home has historic character and likely solid framing, but it also means systems—like plumbing, electrical, and insulation—may have been updated or may need attention. The data does not reflect condition, only age. A thorough inspection would be essential to understand what has been maintained or replaced.

4. Why is the living space above average citywide but below average in the neighbourhood?
The citywide average living area is 1,342 sqft, so this home’s 1,628 sqft is a clear step up across Winnipeg as a whole. However, the Wellington Crescent community averages 2,343 sqft, with many larger, older homes and newer infills. The property is essentially a “good size for the city, modest for the area” situation.

5. How does this property rank for value—is it a good deal?
Its assessed value ranks in the top 25% citywide, yet it is well below the Wellington Crescent average. This suggests the property may offer relative value for someone looking for a home in that desirable neighbourhood without paying for the largest lot or square footage. The trade-off is that you are buying a smaller piece of the community’s real estate profile, which may also impact future resale if buyers in the area consistently prioritize more space.