511 Manchester Boulevard N

511 Manchester Boulevard N – Property Summary

Key Characteristics & Buyer Profile

This is a 1947 bungalow-style home with 840 square feet of living space on a 5,123-square-foot lot, currently assessed at $380,000. Its main appeal lies in affordability relative to the surrounding neighbourhood. While the home is smaller than average for Wildwood (where the typical house is nearly double the size), it ranks close to the citywide median for assessed value—meaning you get a foothold in a desirable area without paying a premium for square footage you don’t need.

The property suits buyers who prioritize location over size: first-time homeowners, downsizers, or investors looking for a smaller-footprint entry into a well-established Winnipeg neighbourhood. The older construction (pre-1950) may appeal to those who appreciate character homes, though it also suggests potential for updates or a renovation project. Because the land itself is modest compared to nearby lots, this isn’t a teardown candidate for a larger rebuild—it’s more of a “live in it as-is or improve gradually” proposition.

Frequently Asked Questions

1. How does this home’s size compare to others on the street and in the city?
It’s well below the street average of 1,454 sq ft and the neighbourhood average of 1,657 sq ft. However, citywide it’s only slightly smaller than the median for comparable homes (1,342 sq ft), so the size is more typical from a broader perspective.

2. Is the assessed value in line with what I’d actually pay?
Assessed value ($380K) is close to the citywide average of $390K but significantly below the Wildwood neighbourhood average of $568K. This suggests the list price may reflect the smaller living area, not the neighbourhood’s typical upper-end pricing.

3. What’s the condition of a home built in 1947?
The listing doesn’t specify condition, but a house this age likely has original systems (electrical, plumbing, foundation) that may need updating. Buyers should budget for a thorough inspection, especially for knob-and-tube wiring, aging windows, or insulation gaps.

4. Why is the land area considered small for the neighbourhood?
Wildwood lots average over 9,000 sq ft, so 5,123 sq ft is on the lower end. This means less outdoor space but also less maintenance. For someone who doesn’t want a large yard, it’s a practical trade-off.

5. How does the ranking system work, and should I trust it?
The rankings compare this property to “comparable homes” (similar type and era) within three scopes: street, neighbourhood, and citywide. For example, a top 98% rank for living area means it’s smaller than all but 2% of similar homes on that street. The colour-coded bars show performance tiers (red = well below average, blue = around average, etc.). It’s a useful relative gauge, not an absolute measure of value.