133 Elm Street – Property Summary
Key Characteristics & Buyer Profile
This 1931 home on Elm Street offers 2,563 square feet of living space on a 9,004-square-foot lot, with an assessed value of $1 million. Its standout feature is the lot: it ranks 2nd out of 258 homes on the street (top 1%), more than 70% larger than the street average. The living area is also well above typical for the street and citywide, ranking in the top 5% on Elm and top 2% across Winnipeg.
However, the property is not uniformly exceptional. The house itself is older than the city average by 35 years, and within the Wellington Crescent neighbourhood, its size and value are closer to the middle of the pack. That means a buyer gets a large, valuable property on an unusually generous lot—but one that likely needs updating or maintenance consistent with a home built in the 1930s.
The appeal here is space and land in a desirable area, rather than a turnkey modern interior. This would suit a buyer who prioritises outdoor space and room to expand, renovate, or garden, and who appreciates an established street with high property values. It may be less suited to someone looking for a move-in-ready home with contemporary finishes, or to a buyer who prefers a smaller lot with lower upkeep. The assessed value is elite citywide, so the property is priced accordingly; the buyer should be comfortable with the premium that large land in a top-ranked area commands.
Five Possible FAQs
1. How does the age of the house compare to other properties in the area, and what should I expect maintenance-wise?
The house was built in 1931, which is around average for Elm Street (median is 1941) and for the Wellington Crescent neighbourhood (median 1940). Citywide, it's older than most homes (median 1966). That means systems like plumbing, electrical, and roofing may be original or have been updated at various points. A thorough inspection and a clear understanding of the home's mechanical history are recommended.
2. The lot is large for the street but only average for the neighbourhood. Why is that?
Elm Street has relatively small lots on average (5,222 sqft), so this property stands out there. In the wider Wellington Crescent area, lots are generally larger (median 9,488 sqft), so while this lot is still big, it’s not unusual for the neighbourhood. The true rarity is having that much land on this particular street.
3. What does "top 2% citywide" for assessed value actually mean for resale?
It means the property is among the most valuable 2% of homes in all of Winnipeg. That generally indicates strong demand, low turnover, and stable or appreciating values in that segment of the market. However, it also means the pool of potential buyers is smaller, and financing may be more stringent. Resale could take longer than a more moderately priced home.
4. Is the living area likely to feel larger or smaller than 2,563 square feet suggests?
Homes from 1931 often have different floor plans than modern builds—more defined rooms, less open concept, and potentially less efficient use of square footage. The actual feel will depend on layout, ceiling height, and natural light. It's worth walking through to see if the space works for your needs, rather than relying purely on square footage.
5. How does this property compare to others on Elm Street specifically?
On Elm Street, it ranks in the top 2% for assessed value, top 5% for living area, and top 1% for lot size. Year built is around average. So among its immediate neighbours, it is one of the largest and most valuable homes, with notably more land than most. That gives it a strong position on the street, but it also means the property taxes and maintenance expectations will be on the higher end for the area.