325 North Drive – Property Summary
Key Characteristics & Buyer Profile
This is a standout property in Winnipeg’s Wildwood area, distinguished primarily by its size and value. With 3,926 square feet of living space, it ranks in the top 1% citywide and is the second-largest home on its street. The lot is equally impressive at 16,500 square feet—top 2% in the city and top 5% on North Drive. Built in 1962, the home is older than many nearby properties, but its assessed value of $1.49 million places it among the top 1% of homes across Winnipeg.
The appeal lies in rarity. Buyers looking for a home that offers both substantial interior space and a large private lot in a mature, established neighbourhood will find few comparables. The Wildwood area itself has an average home size of 1,657 square feet, meaning this property is more than double the typical footprint. It’s not a house that blends in—it commands attention on the street and within the local market.
This property would suit buyers who prioritize space over modernity, and who value land and square footage as long-term assets. It’s less suited to someone seeking a move-in-ready turnkey home with recent renovations, given the 1962 build date. Instead, it may appeal to those who see potential in updating a well-built older home, or who simply want room to spread out in a top-tier location without the premium of a newer build.
Five Frequently Asked Questions
1. How does the assessed value compare to other homes in the neighbourhood?
The assessed value of $1.49 million is roughly three times the neighbourhood average of $568,200. It ranks 8th out of 377 homes in Wildwood, placing it in the top 2% locally. This reflects the home’s exceptional size and lot rather than recent upgrades.
2. Is the year built a concern for a buyer?
The home was built in 1962, which is older than the citywide median of 1966 but newer than the average home on North Drive (1946). The key consideration is that older homes in this price range often require more maintenance and may need updates to mechanical systems, insulation, or windows. A thorough inspection is advisable.
3. What makes the lot size significant?
At 16,500 square feet, the lot is more than double the citywide average of 6,570 square feet. In Wildwood, the average lot is 9,032 square feet, so this property offers roughly 80% more land than its neighbours. This could appeal to buyers interested in gardening, outdoor entertaining, or future expansion—though zoning should be verified.
4. How does this home compare to others listed at a similar price point?
Homes in the $1.4–$1.6 million range in Winnipeg typically offer either a larger newer build on a standard lot or an older home on a premium lot. This property falls into the latter category. Buyers should expect to prioritize land and living area over cosmetic condition or modern finishes at this price.
5. What other homes should a buyer consider in the area?
For context, the top-ranked home on North Drive by assessed value is likely newer or renovated. Buyers may want to view the neighbourhood analysis map to compare nearby properties by year built, lot size, and assessed value side by side. Homes in Wildwood with smaller lots but more recent renovations may offer a trade-off worth evaluating.