500 Wilton Bay

Property Overview & Key Characteristics

500 Wilton Bay is a one-storey home in Winnipeg's Grant Park neighbourhood, built in 1956. Its key appeal lies in its balance of a renovated basement, a generous and above-average land area for the immediate area, and a location within a well-established community. The home presents as a practical, grounded opportunity.

The living space (1,000 sqft) is modest but functional for the neighbourhood, while the lot size (over 5,250 sqft) offers valuable outdoor space and potential. The renovated basement adds functional living area. Its assessed value is notably lower than many on its own street, which could indicate a different valuation approach or a more basic finish compared to neighbours, but it sits around the average for Grant Park overall. This creates a distinct profile: a home on a good-sized lot in a mature area, positioned at a more accessible entry point than some direct neighbours.

This property would best suit a pragmatic buyer—perhaps a first-time homeowner, a downsizer, or an investor—who values space over sheer square footage. It’s for someone who sees potential in the land and the renovated lower level, and who is comfortable with a home that may offer value relative to its street but requires a clear-eyed comparison to city-wide averages.

Frequently Asked Questions

1. How does the value of this home compare to others nearby?
The home’s assessed value is below the average for Wilton Bay itself but aligns more closely with the broader Grant Park neighbourhood average. This suggests it may be a more value-oriented option on its specific street.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope or finish. This is a key detail to clarify with the seller or agent to understand the quality and layout of the additional living space.

3. Is the lack of a garage a significant concern?
The property has no garage. For many in established neighbourhoods, this is common. Buyers should consider on-street parking availability and the potential cost/feasibility of adding a garage or carport in the future, given the ample lot size.

4. The home is older; what should I be mindful of?
Built in 1956, the home is older than most on its street. While systems like the roof, plumbing, and electrical may have been updated, a thorough inspection is essential to understand the condition and any needed maintenance typical for a home of this age.

5. How accurate are the sold price ranges shown?
The listed price ranges are estimates based on public data. For the exact historical sold price, you must request it directly via the provided email service, which supplies verified figures.