662 Wellington Crescent – Property Summary

Section 1: Key Characteristics, Appeal, and Ideal Buyer

This is a 2,388-square-foot home, built in 1950, on a 9,456-square-foot lot. Its strongest market position is citywide: the living area ranks in the top 4% of comparable homes across Winnipeg, and the lot size is in the top 7%. The assessed value of $678,000 also places it in the top 4% citywide. However, within its own street and neighbourhood on Wellington Crescent, the property is more middle-of-the-pack. The living space and lot size are around average for the area, and the assessed value is slightly below the street average of $929,100. The home is older than the citywide average (1950 vs. 1966), but newer than the typical home in the immediate neighbourhood.

The appeal here is a combination of scale and accessibility. You get a genuinely large house and substantial lot by any Winnipeg standard, but without paying the premium commanded by the top-tier properties on this street. It avoids the “smallest house on the best block” dynamic, yet it’s still part of a prestigious address. This property would suit a buyer who wants Wellington Crescent cachet and city-leading space, but is comfortable with a home that isn’t the newest or most valuable on its own street. It’s a pragmatic entry into an elite area—a strong foundation for future renovation or personalization, rather than a move-in-ready showpiece.

Section 2: Five Possible FAQs

1. How does the assessed value compare to similar properties nearby?
   The home’s assessed value of $678,000 is below both the street average ($929,100) and the neighbourhood average ($805,600). It ranks in the middle (top 50% on the street, top 45% in the area). The value gap suggests potential for equity growth if the property is updated, or simply that it’s priced more affordably than its direct neighbours for its size.

2. Is the lot size considered large for this area?
   At 9,456 square feet, the lot is above average for the neighbourhood (top 30%) and very large citywide (top 7%). However, it’s smaller than the typical lot on Wellington Crescent itself, where the average is nearly 14,000 square feet. You get a generous yard by city standards, but it’s not oversized relative to the street.

3. What does the “Top 4%” ranking actually mean?
   It means that when compared to nearly 200,000 comparable residential properties across Winnipeg, this home’s living area (2,388 sqft) is bigger than about 96% of them, and its assessed value is higher than about 96% of them. These are elite citywide figures. The caveat is that on Wellington Crescent—a street of very large, high-value homes—those numbers drop to average or slightly below.

4. Is the 1950 build date a concern?
   The house is older than the typical Winnipeg home (72nd percentile citywide), but it is newer than the average home in its immediate neighbourhood (21st percentile). The neighbourhood skews older, so the building date is actually above average for the area. Buyers should consider typical maintenance for a mid-century home, but it’s not an outlier in age for the street.

5. Why are the rankings so different between street and city levels?
   This is a common pattern for properties on high-end streets. The home is a strong performer compared to the entire city, but Wellington Crescent has a very high baseline. Many homes there are larger, newer, and assessed higher. The street and neighbourhood rankings show that while you’re in a premium location, this specific property is not the standout on its block—it’s a solid, average-sized player in a very competitive local field.