306 Wildwood I Park

Key Characteristics & Buyer Profile

This is a 1,232-square-foot home built in 1947, sitting on a 7,195-square-foot lot in Winnipeg’s Wildwood I Park area. The property’s standout feature is its land: while the lot is smaller than the neighborhood average, it ranks in the top 16% citywide for size, meaning you get notably more yard than most Winnipeg homes. The house itself is older than the city average (1947 vs. 1966), but within the street and neighborhood, its vintage is actually more typical and well-regarded—it’s one of the oldest remaining homes on the block, which can appeal to buyers who appreciate original character or a well-established street. The assessed value of $506,000 is close to the street average and ahead of the citywide median, reflecting solid value without being overpriced for the area. The appeal lies in the balance of a generous lot in a desirable, mature neighbourhood, paired with a smaller, older home that could be a candidate for renovation or a comfortable, modest-sized residence if already updated. It would suit buyers who prioritize outdoor space and a quiet, established location over a large, modern interior—perhaps downsizers, first-time buyers looking for a project, or those who want to invest in a lot with potential.

Frequently Asked Questions

1. How does the house size compare to homes nearby?
On this street and in the Wildwood neighbourhood, the home is below average in living area (1,232 sqft vs. roughly 1,585–1,657 sqft). Citywide, it’s closer to the typical home size, ranking in the top 47%. So, you’re getting a smaller house than most of your immediate neighbours, but not an unusually small one for Winnipeg overall.

2. Is the lot big enough for additions or a garden?
Yes. At 7,195 sqft, the lot is above average citywide (top 16%) and offers more outdoor space than many Winnipeg properties. It’s slightly smaller than the Wildwood average (9,032 sqft), but still plenty of room for a large garden, a garage, or potentially an addition—subject to zoning and permits.

3. Why is the assessed value close to the street average but much higher than the city average?
The assessed value of $506,000 reflects the neighbourhood’s desirability and the larger lot size. While the house is modest, land values in Wildwood are above typical city rates. The street average is $511.8k, so your pricing is in line with what similar nearby properties are assessed at.

4. What does the year built (1947) mean for maintenance or renovations?
Homes from this era often have solid framing and mature landscaping, but may need updates to electrical, plumbing, insulation, and windows. Being one of the oldest on the street (ranked #2 out of 28) suggests you’ll have fewer nearby comparables with the same construction style, so renovation costs and historical consideration could be unique to your home.

5. How does this property compare to a cheaper, smaller-lot home in the same area?
A smaller lot in Wildwood would likely have a lower assessed value and less private outdoor space, but might offer a similar interior size. This property trades a slightly larger-than-average lot for a smaller-than-average house, making it a better fit for someone who values yard space over square footage under roof. If you want a larger interior without renovating, look for a newer home on a smaller lot; if you want room to expand or garden, this lot gives you more flexibility.