233 Academy Road – Property Summary

Key Characteristics & Buyer Profile

This is a 1,112-square-foot home built in 1949 on a 6,002-square-foot lot, located on Academy Road in Winnipeg’s Wellington Crescent area. Its assessed value is $423,000.

The property sits in a neighbourhood where the averages are notably higher: typical homes on Academy Road are around 1,864 square feet, and the average assessed value in Wellington Crescent is over $800,000. Citywide, however, this home falls close to the middle for living space and value. The lot is also smaller than most on the street—6,002 square feet versus a street average of 8,323—though it’s still within a typical range for the city overall. Built in 1949, it’s newer than most houses on Academy Road (where the average is 1938) but older than the citywide average (1966).

Where the appeal lies: This is a home that offers access to a prestigious address without the premium price tag or oversized footprint that usually comes with it. You’re not paying for a grand estate or a massive lot—you’re paying for a modest, solidly built postwar house in a sought-after area. It may lack the square footage or land that neighbours have, but it also avoids the high carrying costs and maintenance that go with them.

Who it suits: Buyers who want to live in Wellington Crescent but don’t need a large home or yard. It could work well for someone downsizing from a bigger property in the same neighbourhood, a professional looking for a convenient location near downtown or the river, or anyone who values the address and the surrounding area more than interior space. It’s less suited to families needing room to grow or buyers looking for a high-end renovation project with a large lot.

Frequently Asked Questions

1. How does the assessed value compare to the neighbourhood?
The home is valued at $423,000, which is roughly average for Academy Road itself (average $440,400). But in the broader Wellington Crescent area, the average is $805,600—so this property is well below the neighbourhood norm. That gap is the main story here: you get the location at a fraction of the typical price.

2. Why is the living area so much smaller than other homes on the street?
At 1,112 square feet, this is one of the smallest houses on Academy Road (ranked 57th out of 62). The street has many larger, older homes, some of which were built as single-family estates. This property was built in 1949, later than many neighbours, and likely was designed as a more modest dwelling from the start.

3. Is the lot size a downside?
It depends on your expectations. The lot is 6,002 square feet—smaller than most on Academy Road, where the average is 8,323. But citywide, it’s actually slightly above average. For someone who doesn’t want a large yard to maintain, it could be a plus rather than a drawback.

4. How old is the house, and is that a concern?
The house was built in 1949, which makes it older than the Winnipeg average but newer than most homes on its own street and in Wellington Crescent. Postwar construction is generally solid, but buyers should expect systems (electrical, plumbing, heating) that may be original or close to it. A home inspection is especially important for a house of this era.

5. What does “Top 92%” or “Top 82%” mean in the rankings?
These comparisons show how this property ranks against similar homes in three scopes: the street, the neighbourhood (Wellington Crescent), and the city. “Top 92%” on the street means it underperforms 92% of its neighbours in that category (in this case, living area). “Top 59%” citywide means it outperforms 59% of comparable homes across Winnipeg. The colour-coded bars show whether a category is a strength or weakness relative to each peer group.