136 Montrose Street – Property Summary

Key Characteristics & Buyer Profile

This is a large, early 20th-century home with standout proportions. At 2,856 square feet of living area, it ranks in the top 1% citywide and top 5% on its street—meaning it offers significantly more interior space than most homes in Winnipeg. The assessed value of $774,000 reflects this size advantage, placing it in the top 3% citywide, though it sits around the neighborhood average for Wellington Crescent, where larger, pricier homes are more common.

The land area is modest for the neighborhood at 5,990 square feet, and the home was built in 1913, which puts it among the older properties on the street. That age translates into character, but also likely means older systems and finishes that may need updating.

The property’s appeal lies in its rarity: a home with this much square footage, on a respectable lot, in a prestigious Winnipeg address, at a price that sits below many newer or renovated comparables in the area. It would suit buyers who value interior space over lot size, who are comfortable with an older home’s maintenance demands, and who are willing to invest in updates to bring a historic property up to their own standards. It’s less suited to someone seeking a turnkey move-in or a large yard.

Five Frequently Asked Questions

1. How does this property compare to others on Montrose Street?
It ranks 14th out of 287 homes for living area (top 5%) and 16th for assessed value (top 6%). The average home on the street is roughly 1,766 square feet and valued at $522,700, so this property is substantially larger and more valuable than most of its immediate neighbours.

2. Is the assessed value of $774,000 reflective of current market conditions?
Assessed values are based on recent comparable sales and market data, not a list price. Buyers should verify whether this figure aligns with asking price and commission their own comparable market analysis, especially given the home’s age and condition may influence final sale price.

3. What should I expect from a home built in 1913?
Expect systems that may be original or older—plumbing, electrical, foundation, roof, and insulation are common concerns. While some historic homes have been well maintained or updated, this property’s rankings show it’s older than 90% of homes citywide. A thorough inspection is strongly recommended, focusing on structural integrity, knob-and-tube wiring, lead pipes, and asbestos in older materials.

4. How does the lot size affect usability?
The 5,990-square-foot lot is average for the street but smaller than the Wellington Crescent neighborhood average of 9,488 square feet. It’s functional for a garden, garage, or outdoor living space, but not expansive. Buyers expecting a large private yard may find it tight for this price point.

5. What makes Wellington Crescent a desirable neighborhood?
It’s one of Winnipeg’s most established, affluent areas, with large historic homes, tree-lined streets, and proximity to the Assiniboine River, parks, and amenities. The neighbourhood’s average assessed value of $805,600 reflects strong demand. However, older homes in this area often come with higher upkeep costs and property taxes, which buyers should budget for.