Here is a clean, standalone write-up for 140 Brock Street.

Key Characteristics & Ideal Buyer Profile

This is a 1,120-square-foot home built in 1923 on a 4,300-square-foot lot, located in the Wellington Crescent neighborhood. Its assessed value is $447,000. The property’s primary appeal lies in its strong relative affordability within a prestigious area. While the house is smaller and sits on a less expansive lot than its direct neighbors—ranking in the bottom quartile for both living and land area on Brock Street—it offers a citywide assessed value that sits above average. The home represents a genuine entry point into a high-demand postal code, where the neighborhood average assessed value is over $800,000. The trade-off is clear: you get the location and the address, but with a significantly smaller footprint and older construction than the surrounding properties. This would suit a buyer who prioritizes location over square footage, is comfortable with a fixer-upper or a modest home, and is looking for value in an area where the land or the address holds as much weight as the house itself.

Five Possible FAQs

1. How does this property compare to others on the same block?
The home is smaller than most of its immediate neighbors. It ranks in the bottom 13% for living area and bottom 15% for lot size on Brock Street. The assessed value is around average for the street, which suggests that while the physical structure is modest, the land or location holds comparable worth.

2. Is this a good investment for a first-time buyer in Winnipeg?
Potentially, but not without caution. The citywide assessed value is above average, but this is heavily driven by its location. The actual house is older and smaller than average, which may require significant maintenance or updates. It is a classic “buy the worst house on the best street” scenario, which can work well if you have the budget for renovations and are comfortable with a slower appreciation rate on the structure itself.

3. The property is described as "below average" in its neighborhood—why?
This is relative. The Wellington Crescent area is home to some of Winnipeg’s largest properties, with average living areas near 2,400 square feet and average lot sizes close to 10,000 square feet. Compared to that standard, 140 Brock Street is unusually modest. The rankings reflect a comparison to these exceptionally large neighboring homes, not to typical Winnipeg houses.

4. What does "assessed value" really tell me about what I’d pay?
It’s a benchmark, not the sale price. The $447,000 assessment is the city’s estimate of market value for tax purposes. In a neighborhood like this, a home with a lower-than-average assessment often attracts buyers looking for a relative deal, which can drive the final sale price up above the assessed value. It’s a starting point for negotiation, not a guarantee.

5. What are the main trade-offs of buying this home?
You sacrifice size, modernity, and lot space to afford the location. You will have a smaller living area than most city homes, a very compact yard, and a century-old house that likely needs updates. The reward is access to a high-amenity, established neighborhood with strong resale demand and a cost of entry far lower than comparable properties in the immediate area.