227 Academy Road

Wellington Crescent, Winnipeg

Property score

71.5

Good

Overall 71.5 · Smaller but newer than most nearby homes

1,204 sqft (bottom 11%) · Built in 1951 (11 yrs newer than avg)

Located in a high-income area with median household income of ~149k

Transit 94.0 · 1-min walk to transit with 4 nearby routes · Within 500m: 3 schools nearby

Living Area

Below average

49% smaller than neighborhood avg.

Year Built

Above average

11 yrs newer than neighborhood avg.

Mother tongue

English · 79%French · 2%

Past 10 years Wellington Crescent sales snapshot (~80% of all data)

Sold Count

208

Median price

707.5k

$/sqft

$349/sqft

Avg build year

1940

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Property score

71.5 is composed by the two sections below.

Property Score

61.6Fair
Living Area1,204 sqft66Good
Year Built195136Low
Lot Size6,002 sqft81Excellent
Neighbourhood Sales Activity53Fair

Community Score

86.3Excellent
Household Income93Excellent
Education Level91Excellent
Housing Stress74Good
Core Housing Need100Excellent
Employment Health42Low

Neighbourhood Sales

Wellington Crescent

How to read: Share of sales in each ~$50k price band for “wellington crescent” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110662

Community deep dive

$149K

Median household income

$252K

Average household income

11%

Low income (LIM-AT)

0.5

Income inequality (Gini)

8.4

P90 / P10 ratio

18%

Single-person households

35%

Families with children

Population, labour & age

Population (2021)478
Labour force participation rate54%
Median age48.0
Avg household size2.6
Unemployment rate17%
Population density1327 / km²

Households & income

Low income (LIM-AT, % pop.)11%
Single-person households18%
Couple families with children35%
Median household income (2020)$149K

Housing

Renter households25%
Condominium dwellings8%
Median dwelling value (owners)$750K

Diversity, education & language

Immigrants (share of pop.)15%
Visible minority11%
Bachelor's or higher (25–64)54%
Mother tongue (1st)English · 78%
Mother tongue (2nd)French · 2%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,204 sqft
0255075100
Same streetBottom 23%Same areaBottom 11%CitywideTop 50%
Same street · Academy Road
#48 / 62
Bottom 23% · Avg 1,864 sqft
Same area · Wellington Crescent
#488 / 548
Bottom 11% · Avg 2,343 sqft
Citywide · Winnipeg
#96,569 / 194,458
Top 50% · Avg 1,342 sqft

Tax-Assessed Value

around average
426k
0255075100
Same streetTop 50%Same areaBottom 18%CitywideTop 33%
Same street · Academy Road
#31 / 62
Top 50% · Avg 440.4k
Same area · Wellington Crescent
#450 / 548
Bottom 18% · Avg 805.6k
Citywide · Winnipeg
#63,603 / 194,458
Top 33% · Avg 390.1k

Year Built

above average
1951
0255075100
Same streetTop 31%Same areaTop 20%CitywideBottom 29%

Lot Size

around average
6,002 sqft
0255075100
Same streetBottom 19%Same areaTop 50%CitywideTop 31%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

227 Academy Road — 3 amenities found within 500 m, across 1 categories, including 3 education (nearest 175 m).

Search radius
🏫Education3

Crime & Safety

Wellington Crescent · WPS public data · 2026

Annual incidents

13

2026

vs. city avg

-56%

relative to avg

Year-over-year

-93%

vs. prior year

Primary type

Property

77%

Sales History

Sold 6/2021CA$400k–450k
Sold price

Same street

Top 43%

Same area

Bottom 30%

City-wide

Top 27%

Related homes

Highlights & common questions: 227 Academy Road, Winnipeg

227 Academy Road – Property Summary

Key Characteristics and Buyer Profile

This 1,204-square-foot home, built in 1951, sits on a 6,002-square-foot lot in Winnipeg’s Wellington Crescent area. Its assessed value is $426,000.

The property’s size and value are modest relative to its immediate street and neighbourhood. On Academy Road, it ranks near the bottom for living area (top 77%) and lot size (top 81%), and its assessed value sits around the midpoint (top 50%). Within the broader Wellington Crescent area, it falls well below average on both size and value—many neighbouring homes are significantly larger and more expensive.

Citywide, the picture shifts. The living area is slightly below the median for comparable homes, but the assessed value lands in the top third, and the lot size is near average. The year built is older than most Winnipeg homes (top 71%), but not unusual for this neighbourhood, where many houses date from the 1930s and 1940s.

The appeal lies in relative affordability within a prestigious area. A buyer gets a foothold on a well-regarded street without the premium price tag of the larger, grander homes nearby. It suits someone who values location over square footage—perhaps a downsizer, a first-time buyer with some flexibility, or an investor who sees potential in a smaller property in a desirable pocket. The house is likely a more modest post-war build, not a showpiece, so expectations around finishes and space should match that reality.


Frequently Asked Questions

1. How does the property compare to others on Academy Road specifically?
It’s smaller than most. Living area and land are both below average for the street, though the assessed value is about average. It’s one of the more modest homes in that immediate stretch.

2. Is the neighbourhood considered expensive?
Yes. The Wellington Crescent area has a high average assessed value—over $800,000—so this property is well below the neighbourhood norm. That’s both a warning (you’re not getting a typical “Wellington Crescent home”) and an opportunity (you’re paying less for the address).

3. What’s the lot like?
At 6,002 square feet, it’s on the smaller side for the street and neighbourhood, but roughly average for Winnipeg in general. Enough for a yard and garden, but not expansive by local standards.

4. Is the 1951 build a concern?
Not necessarily for the area—many homes here are older. But the citywide average is 1966, so it’s older than typical Winnipeg stock. Buyers should budget for updates to mechanicals, windows, or insulation, which are common in homes of this vintage.

5. Who typically buys this type of property?
People who want to live in a sought-after area without buying a full-scale family home. It could also suit someone planning a renovation or addition, provided zoning allows. It’s a compromise between location and size—worth it if the location matters more than having extra rooms.

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