53 Wildwood E Park – Property Summary

Key Characteristics & Buyer Profile

This is a 1,778-square-foot home built in 1947 on a 7,199-square-foot lot, with an assessed value of $520,000. Its main appeal is a combination of above-average interior space and lot size relative to the rest of Winnipeg, paired with a vintage construction date that places it among the older homes on its street and in the neighborhood. The living area ranks in the top 18% citywide (well above the average of 1,342 sqft), while the lot is in the top 15% citywide—meaning you get more room both inside and outside than most comparable homes in the city.

The trade-off is the age. At 76 years old, this is the second-oldest house on its street (top 6% locally for year built), and it’s older than the vast majority of homes citywide (top 76% for age). Buyers should expect a structure that may need more maintenance, updates, or system replacements than a newer build, but the land and square footage provide a solid foundation for renovation or expansion.

This property would suit someone who values space over a move-in-ready, modern finish. It’s ideal for buyers who are comfortable with an older home and see potential in updating it to their own taste, or for those who prioritize a generous lot and room to spread out over a more polished, newer house in a tighter footprint. It may also appeal to investors looking for a value-add opportunity in a well-ranked neighborhood for lot size and living area.

Five Possible FAQs

1. How does the assessed value compare to similar homes in the area?
The assessed value of $520,000 is roughly average for the street (ranked 16 out of 34) but slightly below the neighborhood average of $568,200. Citywide, it’s well above the $390,100 average for comparable homes, which reflects the larger-than-average living area and lot.

2. Is the lot size considered large for this neighborhood?
Yes and no. The 7,199-sqft lot is above average citywide (top 15%) and ranks 8th out of 34 on the street (top 24%). But in the wider Wildwood neighborhood, the average lot is 9,032 sqft, so it’s actually a bit smaller than the local norm—ranking 158 out of 377 homes.

3. What should I expect in terms of condition given the 1947 build date?
A home this old will likely have original or updated systems (plumbing, electrical, heating) depending on previous owners. The year-built rank is very low citywide (top 76% for age), meaning it's older than most homes in Winnipeg. It’s wise to get a thorough inspection focused on foundation, roof age, and insulation. Some buyers see older homes as better built, but that varies by property.

4. How does the living area compare to other homes on the same street?
At 1,778 sqft, it’s about 200 sqft larger than the street average of 1,574 sqft. That puts it in the top 35% for the street—solid, but not the biggest. You’ll have more interior space than most neighbors, but not an extreme amount.

5. Is this a good property for someone looking to renovate or expand?
Potentially. The lot is generous by city standards, giving you decent outdoor room for additions or a garage/workshop. But since the neighborhood average lot is bigger, check local zoning and setback rules before planning any expansion. The older structure might also mean upgrading to meet current codes, so factor that into your budget.