95 Academy Road – Property Summary

Key Characteristics & Buyer Profile

This is a character-rich home on Academy Road, built in 1905. Its living area is generous by citywide standards—2,316 square feet, placing it in the top 5% across Winnipeg. The lot is also notably large at 7,180 square feet, well above the citywide average. However, the assessed value of $362,000 is modest relative to the surrounding Wellington Crescent neighbourhood, where the average is over $800,000. The home is among the oldest on the street and in the area, which likely explains the lower valuation—it may require updates or lack the premium finishes of newer builds.

The appeal lies in the combination of space and location without the premium price tag of the neighbourhood’s top-tier properties. Buyers get a large home and lot on a desirable street, but at a price point that reflects the home’s age and condition rather than its address. This would suit someone looking for a project—perhaps a buyer with renovation experience or a long-term vision—who values square footage and land over move-in readiness. It’s less suited to those seeking a turnkey property in a high-value area, or anyone who needs financing to reflect full market potential.

Five Possible FAQs

1. Why is the assessed value so much lower than the neighbourhood average?
The home is over 100 years old and ranks among the oldest in Wellington Crescent. Assessed value typically reflects condition and recent sales, and older homes with original features or deferred maintenance are often valued below newer or fully renovated properties nearby.

2. Is the home considered large for its area?
On Academy Road, it’s above average. Citywide, it’s exceptional—top 5% for living area. But within the Wellington Crescent neighbourhood, it’s around average, since many homes there are also spacious.

3. What does the land area mean practically?
At 7,180 square feet, the lot is larger than most in Winnipeg but slightly smaller than the typical lot on Academy Road. It’s still a good-sized yard for a home of this age, and well above the city median.

4. Does the year built affect insurance or renovations?
Yes. Homes from 1905 often have different framing, wiring, and foundation materials. Insurance may be slightly higher, and renovations can uncover issues like knob-and-tube wiring or settling. It’s wise to budget for surprises.

5. How does this property compare to others nearby?
It’s cheaper than most homes on Academy Road and significantly below the Wellington Crescent average. You’re essentially paying for space and location, not for a recently updated interior. The trade-off is more square footage and land for less money—if you’re willing to invest in the structure.