Key Characteristics & Suitability
This is a 1,860-square-foot home on a 7,195-square-foot lot, built in 1947, with an assessed value of $560,000. The property stands out most for its living space and valuation. Compared to similar homes across Winnipeg, it ranks in the top 15% for living area (well above the city average of 1,342 sqft) and the top 12% for assessed value. On its own street, it’s in the top 19% for value and top 25% for size.
The lot is where the picture gets more interesting. At 7,195 sqft, it’s actually smaller than the average for both the street (7,666 sqft) and the wider Wildwood neighborhood (9,032 sqft). However, compared to the citywide average for comparable homes (6,570 sqft), it remains above average. In a neighborhood known for larger, deeper lots, this property offers a more compact footprint—which could mean less yard maintenance without sacrificing the established, tree-lined feel of the area.
The 1947 build date is older than the citywide average (1966), but it fits comfortably within the character of Wildwood B Park, where many homes date to the late 1940s. In fact, it’s one of the earlier homes on the street (top 16% for age within that block).
Appeal & Ideal Buyer: The appeal lies in above-average interior space and a strong value position relative to the wider market, combined with a manageable lot size. This isn’t a sprawling estate lot, but a solid, well-proportioned property in an established neighborhood. It would suit buyers who want more square footage and a higher-tier assessed value than the city norm, but who don’t necessarily need or want a large yard. It’s a good match for someone who values mid-century character, wants to be in a ranked street (top quartile for both size and value), and is comfortable that the lot is modest by local neighborhood standards.
Five Possible FAQs
1. How does the assessed value compare to the neighborhood average?
On Wildwood B Park, the assessed value of $560,000 is above the street average of $508,200 (top 19%). However, it sits slightly below the broader Wildwood neighborhood average of $568,200 (top 26%). So, while it’s a strong value for its immediate block, it’s not the most expensive property in the wider area—meaning you get a competitive position relative to the city without topping the local market.
2. Why is the lot described as "around average" on the street but "above average" citywide?
The lot size of 7,195 sqft is slightly smaller than both the street average (7,666 sqft) and the neighborhood average (9,032 sqft). But in the context of all comparable homes across Winnipeg, where the average is 6,570 sqft, this lot is noticeably larger. Essentially, it’s a smaller lot by Wildwood standards, but a generous one by city standards.
3. Does the older construction date (1947) affect the ranking or value?
Not in a negative way for this specific market. On its street and in Wildwood, being built in 1947 is actually above average—the street average is 1948 and the neighborhood average is 1950. It only appears "below average" when compared citywide, where the average build year is 1966. In this context, the older age often signals established construction and mature landscaping, which can be a draw for buyers who prefer postwar homes.
4. How can I see how this property compares to other nearby homes?
There is an interactive neighborhood analysis page where you can view this property on a map alongside surrounding houses. It allows you to directly compare year built, living area, assessed value, and lot size, which gives a clearer picture than rankings alone.
5. Are these rankings based on all homes in Winnipeg, or just certain types?
The comparisons are based on "comparable homes," meaning the system filters for properties similar in type and characteristics, not every single residence in the city. For example, the citywide ranking of 29,054 out of 194,458 means it outperforms 85% of comparable homes—not all 194,458 properties. This makes the rankings more relevant than a simple raw number would be.