302 Wildwood I Park

Property Summary: 302 Wildwood I Park

Key Characteristics & Buyer Suitability

This is a 1947 home with 1,679 square feet of living space on a 7,203-square-foot lot, assessed at $559,000. What stands out is its size and value relative to the wider market. Citywide, this home ranks in the top 22% for living area and the top 12% for assessed value—meaning it offers above-average square footage at a valuation that reflects real heft in the Winnipeg market. Locally, the picture is more nuanced: on its own street, it’s among the older homes (built 1947, ranking 2nd oldest out of 28), but it also carries the highest assessed value in that immediate context. The lot is slightly below the Wildwood neighbourhood average (9,032 sqft vs. 7,203 sqft), but still generous by city standards.

The main appeal here is a solid, well-situated house that delivers good space and value without being the biggest or newest on the block. It’s not a flashy or modern build, but it holds its own in a desirable area. This property would suit buyers who value a larger footprint in an established neighbourhood, are comfortable with an older home (likely requiring some updates or maintenance), and want strong resale positioning—especially those looking for a home that’s already assessed well above both street and city averages, suggesting steady demand.

Frequently Asked Questions

1. How does the year built affect the home’s practicality?
At 1947, this is an older home, even by Wildwood standards (the neighbourhood average is 1950). Older construction often means solid materials and character, but also potential for aging systems (plumbing, electrical, insulation). Buyers should budget for possible upgrades, though the high assessed value indicates the market hasn’t penalized its age.

2. Is the lot considered small for the neighbourhood?
The lot is 7,203 sqft—slightly below the Wildwood average of 9,032 sqft, but above the citywide average of 6,570 sqft. It’s not a compact lot, but it’s not a deep yard compared to some neighbours. The property ranks 9th out of 28 on the street for lot size, placing it in the middle-upper tier locally.

3. Why is the assessed value so much higher than the neighbourhood average?
The home’s assessed value ($559K) is notably above the Wildwood average of $568.2K? Actually, it’s slightly below that neighbourhood average—but well above the street average of $511.8K. The citywide ranking (top 12%) suggests the home benefits from being in a strong area, combined with its above-average living area and likely a well-maintained or improved condition relative to its age.

4. How does this property compare to newer homes citywide?
Citywide, the average comparable home was built in 1966, making this 1947 home nearly 20 years older. That’s a significant gap. However, its living area is 25% larger than the city average (1,679 vs. 1,342 sqft), so the trade-off is older construction for more space—a common dynamic in older, inner-ring suburbs.

5. What should a buyer look out for during a viewing?
Given the age and above-average assessed value, focus on the quality of any renovations—especially the roof, windows, furnace, and foundation. The high valuation may reflect good upkeep, but older homes can hide issues like outdated wiring or settling. Also, check if the lot’s shape or zoning allows for future expansion, since it’s already slightly smaller than the neighbourhood norm.