252 Wildwood J Park – Property Summary
Key Characteristics & Who It Suits
This is a 1,142 sqft home on a generous 7,200 sqft lot, built in 1947. Its assessed value is $464,000.
The property stands out most for its land. City-wide, it ranks in the top 15% for lot size, meaning it offers more outdoor space than the vast majority of Winnipeg homes. The living area, however, is compact—below average for its street and neighbourhood, and only around average for the city. The house is also notably old (1947), placing it among the earliest builds on its street and in the area.
Two less obvious points: First, the assessed value ($464k) is modest compared to the neighbourhood average ($568k), but well above the city average ($390k). This suggests the home may offer relative value within Wildwood while still being a premium asset city-wide. Second, the living area being smaller than neighbouring homes isn't necessarily a drawback—it often means lower maintenance and heating costs, and a larger share of the property's value is tied to the land, not the structure.
This property suits: Buyers who prioritize outdoor space and a quiet, established neighbourhood over interior square footage. It would work well for someone who wants room for a garden, workshop, or future expansion, or for downsizers or first-time buyers who don't need a large house but want a solid lot in a desirable area.
Five Possible FAQs
1. Why is the living area listed as "below average" on its street, but "around average" city-wide?
The street has larger-than-average homes for Winnipeg (average 1,588 sqft), so this unit looks small in that context. City-wide, however, the average living area is closer to 1,342 sqft, so this home is much more typical. The perception depends entirely on which benchmark you use.
2. Is the year built (1947) a problem for financing or insurance?
Not inherently. Many lenders and insurers handle older homes without issue, but some may require a recent inspection or updated electrical/plumbing. Older homes in good condition are common in Winnipeg. It's worth confirming with your insurer, but age alone rarely blocks a mortgage.
3. How does the assessed value compare to the actual market price?
Assessed value ($464k) is a government estimate for property tax purposes, not a market price. That said, it sits below the street average ($504.5k) and well below the neighbourhood average ($568k). This could mean the home is priced conservatively for its setting, but the final sale price depends on condition, renovations, and demand.
4. Would this property be a good candidate for adding square footage?
The large lot (7,200 sqft) and relatively small footprint make expansion possible in principle. But zoning, setback rules, and neighbourhood restrictions would dictate what's allowed. Given the home's position on a street with larger homes, a thoughtful addition could increase value—but check local bylaws before planning.
5. How does the land size compare to newer suburban developments?
This is where the property really shines. The city-wide average for comparable homes is 6,570 sqft, and this lot is 7,200 sqft. Many newer subdivisions offer lots closer to 4,000–5,000 sqft. So while the house is small by modern standards, the outdoor space is competitive even against newer builds.