604 South Drive

604 South Drive – Property Summary

Key Characteristics & Buyer Profile

This property stands out primarily for its land size and high assessed value relative to the broader city. The lot measures 22,500 sqft, which places it in the top 1% citywide and top 7% within the Wildwood neighbourhood. The assessed value of $922,000 is also in the top 1% citywide, though it sits slightly below the average for homes directly on South Drive ($985,600). The house itself was likely built in the late 1950s to early 1960s, based on the street and area averages.

The appeal here is not about a grand, newly built home—it’s about space and location within an established, desirable area. The lot is over three times the size of the typical Winnipeg property, which opens up possibilities for gardens, additions, or simply privacy that smaller lots can’t offer. The neighbourhood ranking (top 10% for both value and lot size) confirms Wildwood is a sought-after pocket.

This property would suit buyers who:

• Value land over square footage—the living area is not listed as exceptional, so the draw is outdoor space.
• Are looking for a long-term compound-style property in a stable, mature neighbourhood.
• Don’t need a turnkey modern home and are comfortable with a mid-century structure that may require updates.
• Want citywide prestige without being on a street where prices are highest—this offers relative value compared to direct neighbours.

Five Possible FAQs

1. How does the assessed value compare to other homes on South Drive?
It’s around average for the street—ranked 57th out of 108 homes. The street average is $985,600, so this property is slightly below that, but well above the neighbourhood and city averages.

2. Is the land size unusual for Wildwood?
Yes. While South Drive itself has larger lots on average (20,278 sqft), this property’s 22,500 sqft lot is in the top 7% of the neighbourhood and top 1% citywide. Most Wildwood lots are around 9,000 sqft.

3. What does “no ranking data” for living area and year built mean?
It likely means the living area and year built for this specific property weren’t available or comparable in the dataset used for rankings. This isn’t unusual—it just means those metrics weren’t ranked, not that they’re poor.

4. Would this be a good investment property?
Possibly, but more for land appreciation than rental income. The assessed value is strong, and large lots in top-tier neighbourhoods tend to hold value. However, the home itself may need work, and renovation costs should be factored in.

5. How does this property compare to newer homes in developing areas?
It offers a much larger lot and established neighbourhood character, but likely an older building with less modern finishes. Newer subdivisions trade lot size for efficiency and lower maintenance. This property suits someone who prefers space and location over newness.