153 Wildwood Crescent Park – Property Summary

Key Characteristics & Buyer Suitability

This 1947 bungalow sits on a 6,476-square-foot lot in Winnipeg’s Wildwood Park neighbourhood. At 978 square feet, the living area is noticeably smaller than most homes on the same street (where the average is 1,450 sqft) and well below the neighbourhood average of 1,657 sqft. Citywide, it still falls below average but is less of an outlier. The assessed value of $469,000 sits below the street and neighbourhood averages, but ranks in the top 25% citywide—meaning this property is priced modestly for its street while representing above-average value compared to homes across Winnipeg.

The land is where this property stands out differently depending on your perspective. It’s the smallest lot on the street (bottom 100%), but the street itself has larger-than-average lots. Compared to the city overall, this lot is still in the top 23% for size. The home itself is older—built in 1947, among the oldest on the street and in the neighbourhood—but this also means it’s on a street with character and established landscaping rather than newer infill.

Appeal: The main draw here is entry into a desirable older neighbourhood at a relatively lower price point. A smaller home and lot mean lower maintenance and property taxes than many neighbours. The age and size may appeal to buyers looking for a project—someone who wants to renovate a bungalow in a good location without paying a premium for move-in condition. It could also suit a downsizer who values the neighbourhood and wants a compact home on a manageable lot. It’s less suited to families needing large living spaces or a big private yard.

Frequently Asked Questions

1. Why is the assessed value below the street average but above the citywide average?
The street has relatively high-value homes (average $499,900), so $469,000 is below that. But citywide, the average for comparable homes is $390,100, so this property sits well above that baseline. It’s a moderately priced home in an above-average-value area.

2. Is a 978 sqft bungalow too small for resale?
That depends on the market segment. It’s small by neighbourhood standards, which could limit the pool of buyers. However, well-renovated smaller homes in mature neighbourhoods often sell quickly to couples, retirees, or investors. The key is that the price reflects the size—if it’s priced competitively, it won’t sit.

3. What does “ranked #36 out of 36” for land area actually mean?
It means this property has the smallest lot on the street. Every other home on Wildwood C Park has a larger land area. The street average is 7,461 sqft, and this lot is 6,476 sqft—about 13% smaller than the typical neighbour.

4. Is a 1947 home a concern for insurance or renovations?
Many insurers treat homes built before 1950 differently, sometimes requiring updated electrical, plumbing, or roofing for full coverage. Renovations in older homes can also uncover issues with foundations or knob-and-tube wiring. A thorough inspection is strongly recommended, especially if you plan to update systems.

5. How does this compare to other bungalows in Wildwood Park?
This home is smaller in both living area and lot size than most Wildwood bungalows. It’s also among the oldest. That combination means it’s likely one of the more affordable entry points into the neighbourhood—but future resale will depend on how well it’s updated and whether buyers prioritize location over square footage.