Key Characteristics & Buyer Fit

This property at 901 Wellington Crescent stands out primarily for its land. At 27,750 square feet, the lot ranks in the top 1% citywide and top 5% within its own upscale neighbourhood. For context, the average lot in Wellington Crescent is just under 14,000 square feet—this one is roughly double that. The home itself is also sizeable, with a living area of 2,574 square feet, though it sits closer to the average for the street. Built in 1948, it’s older than the citywide median (1966) but slightly newer than the neighbourhood average (1940).

The assessed value of $951,000 places it in the top 1% of all Winnipeg properties, though it falls within the top 35% on its own street—meaning it’s not the most expensive house on Wellington Crescent, but it’s priced in a bracket that reflects the premium land and location.

Where the appeal lies: The real draw here is the land. For buyers who value outdoor space, privacy, or the potential for future redevelopment, this lot offers something rare within the city. The home itself is solid but likely needs updating—a 1948 build at this size probably hasn’t been fully modernized. The address and the street carry weight, but the value proposition is in the land-to-building ratio.

Who it suits: Buyers who prioritize a large lot in a prestigious neighbourhood over a turnkey home. Think: someone willing to renovate, or a buyer with long-term plans who values the land appreciating independent of the structure. It’s less suited for someone wanting a move-in-ready, low-maintenance property.

Five Possible FAQs

1. How does the home’s age affect its value?
The 1948 build is older than most houses in Winnipeg (median 1966) but not unusual for Wellington Crescent (median 1940). Age typically means a buyer should budget for system updates—mechanicals, windows, insulation—but it also often means solid construction and established landscaping.

2. Is the assessed value of $951,000 realistic for this property?
Assessment is not market value, but it’s a useful benchmark. At $951,000, it ranks in the top 1% citywide but only top 35% on its own street. That suggests the market on Wellington Crescent runs significantly higher—so this may actually be an entry point into a higher-tier street, depending on the condition of the home.

3. What’s the advantage of having a lot this large in Wellington Crescent?
In a neighbourhood where lots average 9,488 square feet, having nearly three times that space offers flexibility: room for a pool, a large garden, or even future subdivision potential (subject to zoning). It also provides more separation between neighbours, which is increasingly rare in central Winnipeg.

4. How does the living area compare to other homes in the area?
At 2,574 square feet, this home is slightly above the neighbourhood average of 2,343 square feet, but within the same range. It’s decently sized but not oversized for the street. Buyers expecting a mansion might be underwhelmed; the real difference is outside, not inside.

5. Is this property good for investment or redevelopment?
Potentially, but check local zoning first. A lot of this size on a prime street is rare, and land value in top-tier neighbourhoods tends to hold or increase. The current home could be lived in while plans are made, or renovated to match the lot’s value. That said, high-end renovations are expensive, and return on investment depends heavily on finishing quality.