147 Wildwood Crescent Park – Summary

Key Characteristics & Buyer Profile

This property stands out most for its assessed value. At $590,000, it ranks #1 on its street and in the top 3% locally, while sitting in the top 9% citywide. That premium is not driven by size. The house is 1,538 square feet—slightly above the street average but roughly in line with the neighbourhood—and sits on a 7,198-square-foot lot, which is also comparable to nearby homes. The value is likely tied to location, condition, or unique features not captured by square footage alone.

The building itself dates to 1947. That is older than the citywide average (1966) but typical for the street and neighbourhood, which were developed in the same post-war period. The land area is above average citywide (top 15%), which may appeal to someone looking for outdoor space without an oversized interior.

This property would suit a buyer who values a strong location over maximum square footage. It is not a "move-in ready" turnkey house for someone wanting a newer layout, but it could work well for someone who sees the older structure as an opportunity to renovate, or who prioritizes the land and address. The high assessment relative to the local average suggests the home is already in solid shape, so a new owner may not face immediate major work, but they are paying a premium for that readiness.

Frequently Asked Questions

1. What does the assessed value rank tell me about the property?
It means this home is valued significantly higher than most on the same street and in the broader city. The $590,000 figure is about $90,000 above the street average and $200,000 above the citywide average for comparable homes. This suggests the property has been well maintained or upgraded, or that the location commands a premium.

2. Is the living area smaller than typical houses in Winnipeg?
No. At 1,538 square feet, it is above the citywide average of 1,342 square feet for comparable homes (top 28%). However, it is slightly below the neighbourhood average of 1,657 square feet, so it is not an unusually large house for the area.

3. How much land does it come with, and is that a lot for the neighbourhood?
The lot is 7,198 square feet. That is smaller than the neighbourhood average of 9,032 square feet, but still above average citywide (top 15%). On the street itself, it ranks in the top third, so it is not the largest lot locally, but it offers more outdoor space than most Winnipeg properties.

4. The year built is 1947. Should I be concerned about age?
Not necessarily, but it depends on maintenance history. Homes from this era in Wildwood are common, and many have been updated. The fact the assessed value is high relative to the neighbourhood suggests the current owner has invested in it. Buyers should still budget for a thorough inspection, especially for plumbing, electrical, and foundation.

5. How does this home compare to others nearby in terms of value?
It is the most expensive home on its street by a clear margin (top 3%) and ranks in the top 21% of the neighbourhood. This means you are paying a noticeable premium for this specific property. The value is not explained by size or lot alone, so it is worth understanding what drives that difference—whether it is finishes, location within the street, or recent upgrades.