Property Summary: 173 Academy Road, Winnipeg

Key Characteristics & Buyer Profile

This 1953 home on Academy Road offers a solid, unflashy package that stands out more for its size and age than its assessed value. The living area is 2,028 square feet, which is above average citywide (top 10%) and sits comfortably in the middle of the pack on its own street and neighbourhood. The land is 6,954 square feet—again, generous compared to most city properties (top 17%), though slightly smaller than the typical lot on Academy Road itself.

The year built is where the property truly distinguishes itself locally. At 1953, it ranks among the older homes on the street (top 11%) and in the Wellington Crescent area (top 16%), which suggests a more established construction era and potentially more mature landscaping or character details than newer builds.

The assessed value sits at $428,000. While this is around average for Academy Road and the city overall, it is significantly below the neighbourhood (Wellington Crescent) average of $805,600. This gap is worth noting: the property is in a high-value area but priced well under the local median, likely due to its smaller land size relative to neighbours and a less extravagant finish or square footage compared to the larger estates nearby.

Appeal & Buyer Fit: This home would suit a buyer who wants to live in the Wellington Crescent area but is not looking for—or cannot justify—the top-tier pricing of the largest, newest homes there. It appeals to someone who values older construction, a decent floor plan, and a good-sized city lot without paying a premium for a mansion-style property. It could also be an interesting option for a buyer who sees long-term value in a well-located, modestly assessed home that might offer more “bang for the buck” than the flashier listings in the immediate area.

Five Possible FAQs

1. How does the assessed value compare to similar homes nearby?
The home’s assessed value of $428,000 is roughly in line with other properties on Academy Road (average is $440,400), but it is far below the broader Wellington Crescent neighbourhood average of $805,600. This means you’re buying into an expensive area without paying the local median price, which could reflect differences in size, condition, or lot dimensions versus the larger, more lavish homes in the vicinity.

2. Is the land size considered small for the area?
Slightly. At 6,954 square feet, the lot is larger than the citywide average (6,570 sqft) and ranks in the top 17% across Winnipeg. However, on Academy Road, it falls in the lower half (top 65%), and in the Wellington Crescent area, it’s below the neighbourhood average of 9,488 square feet. So it’s not a tiny lot, but it’s on the smaller side for this particular street and neighbourhood.

3. What does “year built: 1953” suggest about the home’s condition?
A home from 1953 is generally considered mid-century, which often means solid construction, possibly with original features like hardwood floors or plaster walls, but also likely with older mechanicals (furnace, wiring, plumbing) unless updated. Being ranked among the older homes on the street (top 11%) suggests it precedes many of the larger, newer builds in the area, so a buyer should budget for potential updates or maintenance tied to its age.

4. Why is the property ranked differently on the street versus the neighbourhood?
Rankings are relative to different groups. On Academy Road (top 48% for assessed value), the home is unremarkable. But in the wider Wellington Crescent area (top 82%), it falls below average because that neighbourhood includes many higher-value properties. This simply means the home is a modest entry point into a generally expensive area—not that it’s undervalued or overvalued.

5. Would this property appeal to someone looking for investment potential?
Possibly, but with caution. The location in a high-value neighbourhood with below-average local pricing could indicate future appreciation if the area continues to rise. However, the smaller lot and older construction may limit major redevelopment or curb appeal compared to newer, larger homes. It's more likely a solid, long-term hold for someone who wants to live there rather than a short-term flip or rental with high immediate returns.