312 Wildwood I Park – Property Summary
Key Characteristics & Buyer Profile
This is a 1,728 sqft home built in 1947 on a 7,202 sqft lot, with an assessed value of $544,000. Its standout feature is size—the living area is well above the citywide average (top 20%) and larger than most comparable homes on the same street. The assessed value also sits comfortably above the city median (top 13%), reflecting both the home’s square footage and its location in Wildwood I Park.
The year built is worth noting: at 1947, it’s one of the older homes on the street (top 7% locally) and significantly older than the citywide average of 1966. That means buyers should expect the character and quirks of a post-war build—likely solid construction, but possibly original systems or layouts that may need updating. The land area is generous by city standards (top 15%), though slightly below the Wildwood neighbourhood average. This suggests a decent yard without being oversized for the area.
Who it suits: Buyers who want more indoor space than typical for the price, value a mature neighbourhood with established landscaping, and are comfortable with an older home that may need selective renovations. It’s less suited to someone looking for a move-in-ready modern build or a large lot for future expansion—those exist elsewhere in Wildwood.
Five Possible FAQs
1. How does this home compare to others on the same street?
It ranks 6th out of 28 for assessed value (top 21%), 10th for living area (top 36%), and 2nd for being built more recently (i.e., newer among older homes). The lot is around the middle, at 11th out of 28. So it’s on the larger, higher-value end of the street, but not the absolute biggest.
2. Is the assessed value realistic for what I’d pay?
Assessed value ($544k) is just a municipal estimate used for property tax. It’s above the neighbourhood average but below the top tier. Actual market price depends on condition, upgrades, and demand. Given the living area is well above average, you’re paying partly for square footage per dollar compared to smaller nearby homes.
3. What should I look for in a 1947 home?
Common concerns are electrical (original knob-and-tube?), plumbing (galvanized steel?), insulation, windows, and foundation condition. The fact that it’s one of the older houses on the street suggests the neighbourhood developed mainly in the 1950s, so this home may have original features other homes replaced. A thorough inspection focused on systems and structure is wise.
4. How big is the yard compared to what’s typical?
The lot (7,202 sqft) is above the citywide average (6,570 sqft) but smaller than the Wildwood neighbourhood average (9,032 sqft). So it’s a generous city lot but not a sprawling one by local standards. Good for a garden or play space, but not for multiple outbuildings.
5. Why is the “year built” ranked differently at city versus street level?
At street level, this home ranks 2nd out of 28 (top 7%)—meaning almost all nearby homes are newer. But citywide, it ranks in the bottom 24% (top 76%) because Winnipeg has many older homes from the 1940s and earlier. So it’s old for its immediate area, but not unusual for the city as a whole.