880 Wellington Crescent – Property Summary

Key Characteristics & Appeal

This is a 2,802-square-foot home on a 9,831-square-foot lot, built in 1927, located on Wellington Crescent in Winnipeg. Its assessed value is $1.04 million.

The property’s standout feature is its citywide positioning. It ranks in the top 1% of all Winnipeg homes for both living area and assessed value. Compared to the citywide average of 1,342 square feet and $390,100, this property is in a completely different tier. The lot size also ranks in the top 6% citywide, offering more outdoor space than most urban properties.

Within its own neighbourhood, the home is above average in size and value but not the largest or most expensive on Wellington Crescent itself. The street-level ranking (top 31% for assessed value, top 35% for living area) suggests this is a solid, respected home on a prestigious street, but it sits among peers of similar stature rather than towering above them. The year built (1927) is older than both the street and city averages, which is typical for this area and adds character, though it means the home may require more upkeep or updating than a newer build.

Who it suits: Buyers who want a strong foothold in one of Winnipeg’s most established neighbourhoods without paying a premium for the absolute top-tier homes on the street. It appeals to someone who values space, lot size, and location over a turn-key modern interior. It would also suit a buyer who appreciates older construction and sees potential in a home with good bones. It is less suited to someone seeking a recently built, low-maintenance property or the largest house on the block.

Frequently Asked Questions

1. How does this home compare to others on Wellington Crescent?
It sits around the middle of the pack for both size and value on the street itself. It is not oversized for the area, so it won’t look out of place, but it also doesn’t lead the street in square footage or price. Many homes on the crescent have larger lots.

2. Is the older construction (1927) a concern?
It is older than the neighbourhood average (1940) and significantly older than the city average (1966). Homes of this vintage often have solid framing, high ceilings, and unique detailing, but mechanical systems, insulation, windows, and roof may need attention. A thorough inspection is recommended.

3. How does the lot size compare to similar homes nearby?
At 9,831 square feet, the lot is larger than 71% of homes in the neighbourhood and 94% of homes citywide. However, the average lot on Wellington Crescent is nearly 14,000 square feet, so the lot is actually slightly smaller than typical for this street.

4. Why is the assessed value lower than some homes on the same street?
The assessed value reflects the home’s size, age, condition, and lot relative to others on Wellington Crescent. While the property is elite citywide, other homes on the crescent are larger, newer, or sit on bigger lots, pushing their values higher. This makes the property a relatively accessible entry point for the street.

5. What does the ranking data actually tell a buyer?
The rankings show where the property stands among three reference groups. The citywide ranking (top 1%) confirms the home is a large, high-value asset. The neighbourhood ranking (top 21%–29%) shows it is competitive within its immediate area. The street ranking (top 31%–35%) is the most specific benchmark: it tells you this home offers a real presence on Wellington Crescent, but it is not among the street’s elite properties. This matters if you want to be among the top homes on your block versus just in your city.