211 Academy Road – Property Summary

Key Characteristics and Buyer Profile

This is a 1913 home on Academy Road with 3,564 square feet of living space and an 8,463-square-foot lot. Its assessed value is $653,000.

The property’s standout feature is sheer size. City-wide, it ranks in the top 1% for living area and top 10% for land area. On its own street, it places in the top 3% for living space and top 10% for assessed value. That means it’s one of the bigger homes on an already established street, and the assessed value reflects that scale rather than any recent updates or finishes.

The appeal here is space and potential. A 3,500+ square foot home from 1913—especially one sitting on a lot that’s above average even for Wellington Crescent—offers room for reconfiguration, renovation, or simply enjoying generous proportions that newer builds rarely match. The assessed value ($653k) is well below the neighbourhood average ($805k), which suggests the property hasn’t been fully updated to current Crescent standards. That gap can be an opportunity or a warning, depending on what a buyer is looking for.

This property would suit a buyer who values square footage and lot size over move-in readiness—someone with the budget and patience to undertake meaningful renovation, or who simply wants a large, older home in a top-tier location without paying a premium for a finished product. It’s less suited to someone seeking a turnkey property or a home with modern systems and finishes.

Five Possible FAQs

1. How does the age of the home affect its value compared to newer homes in the area?
The 1913 build date places it in the bottom 10% city-wide for age. Older homes often have solid framing, larger rooms, and mature landscaping, but may need updates to electrical, plumbing, insulation, and windows. The assessed value already reflects this—it’s well below the neighbourhood average—so the price accounts for the age to some degree. Buyers should budget for ongoing maintenance and potential system replacements.

2. Is the lot size competitive with other homes on Academy Road and in Wellington Crescent?
It’s roughly average for Academy Road (top 45%) and slightly below average for Wellington Crescent (top 35%), but it sits in the top 10% city-wide. For Winnipeg, 8,463 square feet is a generous lot. It’s not oversized for the immediate neighbourhood, but it’s larger than what most city buyers will find elsewhere.

3. Why is the assessed value below the neighbourhood average if the home is so large?
Assessed value considers size, age, condition, and recent sales of comparable properties. The home is both older and likely less updated than many nearby homes, which pulls its value down despite its size. In Wellington Crescent, where many homes are newer or extensively renovated, an older property with original systems can appraise for less even with more square footage.

4. What does “top 1% city-wide for living area” actually mean for a buyer?
It means this is among the largest homes in Winnipeg by interior square footage. That translates to bigger rooms, more space for multifunctional use, and higher heating/cooling costs. It also means any renovation project—flooring, drywall, painting—will cost more simply because there’s more surface area. For buyers who prioritize space, this is a rare find; for those who don’t need it, it’s excess square footage to maintain.

5. How do the rankings and fill bars work in the data provided?
The bars show roughly what share of comparable homes you outperform in each category. For living area and assessed value, larger and higher is better. For year built, newer is better. The fill color indicates performance tier (red/blue/amber/gray). The “Avg” shown is a median benchmark for similar homes within that scope, not a precise average. The rankings compare this property to other single-family homes in the same street, neighbourhood, and city-wide database.