Key Characteristics & Buyer Profile

This is a 1,312-square-foot home built in 1947 on a 7,148-square-foot lot in the Wildwood I Park area. Its standout feature is the land: the lot is larger than 84% of properties city-wide and significantly bigger than most homes on its own street and in the neighborhood. The assessed value of $445,000 is below the local average but sits above the citywide median, reflecting a combination of a smaller-than-average living area and a generous parcel of land.

The appeal lies in the trade-off between the house and the lot. The living space is modest—below the street and neighborhood averages—but the property offers more outdoor space than comparably priced homes in Winnipeg. This makes it a good fit for buyers who are willing to accept a smaller, older house in exchange for a large yard, either for gardening, recreation, or potential future expansion. It might also appeal to someone looking for a fixer-upper in a stable, mature neighborhood where land values hold steadier than building values. It’s less suited for someone who prioritizes move-in-ready square footage or a newer build, and more for those who see long-term potential in the property’s site.

Five Frequently Asked Questions

1. How does the assessed value compare to similar homes in the area?
The assessed value of $445,000 is below the street average of $511,800 and the neighborhood average of $568,200. However, it ranks in the top 29% city-wide, meaning it’s priced above most comparable homes across Winnipeg. The lower local ranking suggests this property is a relative value within its immediate area.

2. Is the house considered small for this neighborhood?
Yes, slightly. At 1,312 square feet, it’s smaller than the street average (1,585 sqft) and neighborhood average (1,657 sqft). It ranks in the top 64% on both the street and neighborhood levels, so while not unusually small, it’s on the lower end of the range.

3. What is the significance of the 1947 build date?
The home is older than most in the area—it’s the second-oldest on the street and in the top 19% neighborhood-wide. City-wide, it’s older than 76% of properties. This typically means the home may have original construction details or require updates, but it also sits in a well-established part of the city with mature landscaping and larger lot sizes.

4. How does the lot size compare, and why does that matter?
The lot is 7,148 square feet, which is below the street average (7,473 sqft) and well below the neighborhood average (9,032 sqft). But city-wide, it ranks in the top 16%, meaning it’s larger than most residential lots in Winnipeg. This is the property’s strongest selling point—land is generally harder to find in this size range at a similar price point.

5. What type of buyer would benefit most from this property?
Buyers who value outdoor space over interior size, or those with interest in renovating or expanding a modest home on a generous lot. It also suits someone looking for a lower entry price into a well-established inner-ring neighborhood, where land value tends to appreciate more consistently than the building itself. Investors or builders might also see opportunity if zoning allows for future development.