Property Summary: A-207 Academy Road

Key Characteristics and Buyer Profile

This 1,750-square-foot home, built in 1911, sits on Academy Road in Winnipeg’s Wellington Crescent area. Its defining feature is space: citywide, it ranks in the top 3% for living area, well above the typical 1,042-square-foot comparable home. On its own street, it’s above average but not the largest, and within the neighborhood it lands around the average.

Where the property stands out is value relative to size. Its assessed value of $320,000 is notably low for the street and neighborhood—ranking near the bottom—but above average compared to the city as a whole. This creates an interesting gap: you get a home that’s considerably roomier than most city properties, at a valuation that hasn’t caught up to its neighbors. The 1911 build date places it among the older homes in every category, meaning it likely has original character and may require more upkeep than newer stock.

Who it suits: Buyers who prioritize generous indoor space over a modern or fully updated interior, and who are comfortable with an older home in a well-established, higher-value area. It could appeal to someone looking to gain square footage in a central, traditionally expensive pocket of Winnipeg without paying the typical premium—either as a value play or a renovation opportunity. Because its assessed value sits well below the street and neighborhood medians, it may also suit investors or buyers who see room for long-term appreciation if the property is improved or the market shifts.

Five Possible FAQs

1. How does the low assessed value compare to the actual market price?
The $320,000 assessment is a baseline used for property taxes—not necessarily the sale price. In a neighborhood where average assessments are around $500,000, this home’s value is an outlier. If the property is well maintained, market pricing could be higher, but the assessment suggests it may be priced more affordably than most homes in the area.

2. What should I expect from a 1911 home in terms of maintenance?
Older homes often have original materials like plaster walls, knob-and-tube wiring, or aging plumbing. You should budget for inspections of the electrical system, foundation, roof, and windows. The upside is that pre-war construction tends to be solid, but systems and insulation may need updating to modern standards.

3. How does the living area compare to other homes in the area?
It’s above average on its street and roughly equal to the neighborhood norm. The real story is citywide: at 1,750 square feet, it’s about 70% larger than a typical comparable home in Winnipeg, which averages 1,042 square feet. That makes it a spacious option relative to most city listings.

4. Is the neighborhood desirable for families or professionals?
Academy Road and Wellington Crescent are central, established areas with good access to amenities, parks, and schools. The home’s age and size could work well for a family needing room, but the lack of modern finishes might not suit someone looking for move-in-ready convenience. It’s worth touring to see if the layout and condition fit your needs.

5. Why is the assessed value so far below the street average?
Assessment reflects the property’s condition, age, and recent sales of comparable homes. A 1911 home that hasn’t been extensively renovated will naturally appraise lower than newer or updated houses on the same street. The large living area helps its citywide rank, but within a high-value pocket, age and condition tend to pull the assessment down.