328 Wildwood H Park – Property Summary
Key Characteristics & Buyer Profile
This is a 1,472 sqft home on a 7,156 sqft lot, built in 1947, with an assessed value of $591,000. Its strongest asset is value: the assessment ranks in the top 13% on the street, top 21% in the neighbourhood, and top 9% citywide—well above the Winnipeg average of $390,100. The living area is around average for its street and neighbourhood but slightly above the citywide norm. The lot is smaller than most in Wildwood (bottom 84% on the street, bottom 76% in the area) but still larger than typical city lots citywide. The home is one of the oldest on the street (top 3% by age), which may appeal to buyers looking for character or a property in an established, mature area.
The appeal lies in the strong assessed value relative to comparables at every level. This suggests a home that holds its worth in a desirable pocket of Winnipeg, even if the house itself isn’t the largest or newest. It would suit buyers who prioritize location stability and long-term value over move-in-ready perfection—someone willing to update or maintain an older home in a well-ranked neighbourhood, rather than chasing a new build or a bigger footprint.
Five Possible FAQs
1. Why is the lot considered small on its street but large citywide?
The street (Wildwood H Park) and neighbourhood (Wildwood) have larger-than-average lots—7,195 sqft and 9,032 sqft respectively. Compared to those, this property’s 7,156 sqft is on the smaller side. But citywide, the average lot in Winnipeg is only 6,570 sqft, so this lot is actually above that benchmark. It’s a case of local expectations being higher than the city norm.
2. Does an above-average assessed value mean the home is overpriced?
Not necessarily. Assessed value reflects market conditions and comparable sales, but it’s not the same as asking price. A high assessment relative to peers can indicate the home has held its value well, or that it’s in a premium location. It’s best to compare the assessment to recent sale prices in the area rather than taking it at face value.
3. Is a 1947 home likely to need major updates?
Many homes from that era have been updated over time, but original systems (plumbing, electrical, foundation) may need attention. The advantage is that older homes in established neighbourhoods often have better build quality and mature landscaping. A thorough home inspection is recommended, especially for electrical and insulation. The age itself isn’t a red flag—it’s more about what’s been done since.
4. How does this property compare to others in Wildwood overall?
It’s above average in assessed value (top 21%) and year built is also above average (top 19%), but living area and lot size are below the neighbourhood median. So it’s a smaller, older home on a smaller lot, yet it’s valued higher than many neighbours. That suggests the value is driven by something other than size—likely location, condition, or specific features.
5. What does “ranked #17 out of 32” for living area actually mean?
It means that out of 32 comparable homes on the same street, 16 have larger living areas and 15 have smaller ones. So this home is right around the middle for its street. The ranking system uses “larger = better,” so a lower number means a bigger home relative to others. Being #17 out of 32 isn’t weak—it’s essentially average, which is consistent with the “around average” label.