95 Waterloo Street – Property Summary

Key Characteristics and Buyer Profile

This is an exceptionally large property by nearly any measure. The home sits on 12,011 square feet of land, ranking in the top 2% on Waterloo Street and the top 4% citywide. The living area is 3,277 square feet—roughly double the average for its own street and more than double the citywide average for comparable homes. The assessed value of $1.2 million places it in the top 1% citywide, reflecting both size and location.

The house was built in 1956, giving it a solid mid-century structure with room for updates. On its street, it’s newer than most (top 9%), but citywide it’s roughly average in age.

The appeal here is twofold. First, the sheer scale of the lot and living space offers something most properties in Winnipeg cannot: privacy, room to expand, and a footprint that suits multi-generational living or serious entertaining. Second, the street-level ranking (top 4% by living area, top 2% by land) suggests a pocket of the Wellington Crescent area where this home stands out even among large neighbours. That’s rare.

This property would suit a buyer looking for a long-term family home with space to grow, or someone who values a large lot in a prestigious neighbourhood but doesn’t need a brand-new build. It may also appeal to those who see potential in updating a mid-century home in a top-tier location, rather than paying a premium for a fully renovated house.

Frequently Asked Questions

1. How does the property compare to others on Waterloo Street?
It ranks in the top 4% for living area, top 2% for land size, and top 7% for assessed value. The average home on this street is about half the size (1,633 sqft living, 5,833 sqft land). This is a standout property even among large homes.

2. Is the 1956 build a concern?
Not necessarily. Many homes in this neighbourhood are older (the street average is 1946). A 1956 home often has good bones, solid framing, and mature landscaping. The main considerations are systems (roof, HVAC, plumbing) and whether the layout suits modern living. A pre-purchase inspection is always wise.

3. What does “assessed value of $1.2M” mean for taxes?
Assessed value is used to calculate property taxes, but it’s not the same as market value. In Winnipeg, taxes are based on a portion of this assessment. A $1.2M assessment is high citywide, but comparable to other homes in Wellington Crescent. Your realtor or lawyer can give a precise tax estimate.

4. How does the lot size affect usability?
At over 12,000 sqft, the lot is large enough for extensive gardens, a pool, a detached workshop, or even a future secondary suite (pending zoning). It’s also large enough that neighbouring homes don’t feel on top of you—something that’s increasingly rare in central Winnipeg.

5. Who typically buys homes like this?
Families who intend to stay for a decade or more, professionals relocating to Winnipeg who want space without moving to the suburbs, and buyers who appreciate mid-century architecture and are willing to invest in updates. It’s less suited to first-time buyers or those looking for a move-in-ready, low-maintenance property.