150 Montrose Street – Property Summary

Key Characteristics & Buyer Profile

This is a 2,224 sqft home built in 1931 on a 5,990 sqft lot, assessed at $716,000. Its standout feature is citywide value: it ranks in the top 4% of Winnipeg properties by assessed value, while the living area ranks in the top 6%. That gap—strong value relative to size—suggests finishes, location, or architectural quality are driving the assessment beyond square footage alone.

The appeal lies in contrast. On its own street, the home is well above average for both size and value (top 17% and top 9% respectively), but within the broader Wellington Crescent neighbourhood it sits closer to the middle. That means a buyer gets street-level prominence without paying a premium for the full neighbourhood average. The land area is modest by local standards—just over half the neighbourhood average of 9,488 sqft—so this property rewards someone who prioritizes interior space and location over a sprawling yard.

This would suit a buyer looking for a pre-war home in a desirable Winnipeg neighbourhood who wants above-average space and value, but doesn't need a large lot. It's less ideal for someone seeking a newer build or a property with significant outdoor square footage. The 1931 build year is older than most citywide homes (top 82% older), but consistent with the street and neighbourhood, where the average home dates to the early 1940s. That points to an established, historically consistent area rather than one with recent infill.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
On Montrose Street, this home is in the top 9% (ranked 27th out of 287), with an average street value of $522,700. Within the Wellington Crescent neighbourhood, it falls near the middle (top 40%), where the average is $805,600. So it's a strong performer on its street, but not an outlier for the broader area.

2. Is the lot size unusually small for the neighbourhood?
Yes, relatively. At 5,990 sqft, it's slightly larger than the street average (5,723 sqft) but well below the Wellington Crescent neighbourhood average of 9,488 sqft. Citywide, it's around average. Buyers expecting a large lot in this area should check the specifics.

3. What does the 1931 build year mean for maintenance or character?
Homes built in 1931 are older than 82% of properties citywide, but typical for Montrose Street and Wellington Crescent. That usually means original detailing, plaster walls, and potentially outdated systems—worth budgeting for updates. The neighbourhood's average build year of 1940 suggests many homes have undergone sympathetic renovations.

4. Why is the assessed value so much higher than the street average?
The street average for assessed value is $522,700; this home is $716,000. The gap likely reflects specific features—square footage, finishes, condition, or location within the street—rather than just land area, which is only slightly above the street average. The citywide ranking (top 4%) indicates it holds up well against the entire market.

5. Who would benefit most from this property?
Someone who values interior space and location over a large yard. The home offers above-average living area at a value that's strong for its street, without reaching the top-tier prices of the surrounding neighbourhood. It's a good fit for a buyer who wants a character home in a historic Winnipeg area, but doesn't need extensive outdoor space.