137 Elm Street – Property Summary

Key Characteristics & Buyer Profile

This 1938 home on Elm Street sits on a 6,003 sqft lot with 2,632 sqft of living space and an assessed value of $886,000. The property's strongest asset is its size and value positioning: it ranks in the top 2% for living area citywide and top 3% for assessed value on its own street. That means you're getting a home that is significantly larger and more valuable than most comparable properties in Winnipeg, while still being priced within a range that reflects its neighborhood, not an outlier premium.

The appeal here is less about flash and more about substance. The house is older (1938), which places it in the middle of the pack for its street and neighborhood but well below the citywide average build year of 1966. That may matter to buyers who prioritize character and solid pre-war construction, or to those who see potential in updating a home with good bones rather than paying a premium for a newer build. The land area is above average for Elm Street but only average for the Wellington Crescent neighborhood, where lots tend to be larger. So while the house itself is spacious, the yard won’t feel oversized compared to immediate neighbors.

This property would suit a buyer who values interior square footage and a strong asset in a desirable area, but who is comfortable with an older home that may require maintenance or updates. It's a good fit for someone who wants a home that stands out in size and value within its immediate street context, without needing a massive lot or brand-new finishes.

Five Possible FAQs

1. How does the assessed value compare to similar homes nearby?
The assessed value of $886,000 is well above the Elm Street average of $520,800, placing it in the top 3% on the street. It's also above the neighborhood average of $805,600. Citywide, it ranks in the top 2% of comparable homes.

2. Is the lot size competitive for the neighborhood?
Not particularly. The lot is 6,003 sqft, which is above average for Elm Street specifically, but average for the city as a whole. In the Wellington Crescent neighborhood, the average land area is 9,488 sqft, so this lot is smaller than many nearby properties.

3. What should I know about the age of the home?
Built in 1938, the home is older than most in Winnipeg (average citywide is 1966). On Elm Street and in Wellington Crescent, it's roughly in line with neighboring homes. Expect original construction features and the possibility of older systems needing attention.

4. How does the living area compare to other homes in Winnipeg?
With 2,632 sqft, the living area is well above the citywide average of 1,342 sqft and ranks in the top 2% across Winnipeg. On Elm Street, it's also elite—ranked 6th out of 258 properties.

5. What does "rank by living area, larger = better rank" mean in the data?
The rankings compare this home to others in the same category (street, neighborhood, or city) based on that specific metric. A higher rank means the home outperforms more peers. For living area and lot size, larger is ranked better. For year built, newer is ranked better. For assessed value, higher is ranked better. The bar fill shows what percentage of comparable homes you exceed.