160 Elm Street

160 Elm Street – Property Summary

Key Characteristics & Buyer Profile

This 1926 home on Elm Street offers 1,792 sq. ft. of living space on a notably large 6,315 sq. ft. lot. The lot size is the property’s strongest feature—ranked in the top 6% on the street and top 25% citywide. Living area is above average for Winnipeg as a whole, though slightly under the neighbourhood average in Wellington Crescent. The assessed value of $479K sits near the middle of the street, well below the neighbourhood median of $805K, reflecting the fact that many homes in the area are much larger and more expensive. The year built (1926) is older than most homes citywide and on the street itself, which may appeal to buyers who appreciate pre-war character, original details, or established neighbourhoods—but also warrants attention to systems and maintenance history.

Who it would suit: Buyers who prioritize outdoor space and a central, established address over a move-in-ready or recently updated interior. It could work well for someone willing to invest in thoughtful upgrades over time, or for those who want a larger lot in a desirable area without paying the premium for a fully modernized home. Less suited to buyers seeking a turnkey property or a home that blends in with newer neighbourhood averages.

Frequently Asked Questions

1. How does the assessed value compare to similar homes on the street?
The assessed value of $479K is slightly below the street average of $520.8K, ranking in the middle (top 54%). This suggests the home is priced modestly relative to immediate neighbours, possibly reflecting differences in condition, updates, or interior finishes.

2. Is the living area considered small or large for Wellington Crescent?
At 1,792 sq. ft., the home is below the neighbourhood average of 2,343 sq. ft., ranking in the top 63%. It’s typical for the street itself but on the smaller side for the broader Wellington Crescent area, where homes are often quite large.

3. What should a buyer know about a home built in 1926?
Homes from this era often feature solid construction, plaster walls, and character details not found in newer builds. However, buyers should budget for potential updates to electrical, plumbing, insulation, and windows. A thorough inspection is recommended, particularly for the foundation and roof.

4. How usable is the 6,315 sq. ft. lot?
The lot is generous by city standards, ranking in the top 25% citywide and top 6% on Elm Street. It offers more outdoor space than most homes in the immediate area, which is appealing for gardening, expansion, or simply having room to spread out. Keep in mind the neighbourhood average is nearly 9,500 sq. ft., so it’s still modest compared to some nearby properties.

5. Does this home represent good value compared to other options in Winnipeg?
The assessed value ranks in the top 23% citywide, meaning it’s priced above a typical Winnipeg home but below the median for its own neighbourhood. The combination of a large lot and older structure in a well-regarded area can offer a value play for buyers who are comfortable with some sweat equity or deferred maintenance.