613 South Drive | Property Summary
Key Characteristics & Ideal Buyer Profile
This Wildwood home offers a rare combination of substantial living space and a large lot, paired with strong assessed value relative to the broader city. The living area is 2,594 sqft—comfortably above the neighbourhood average of 1,657 sqft and placing it in the top 2% citywide. The land area of 13,447 sqft is also generous, ranking in the top 3% across Winnipeg, though it falls below the average for homes directly on South Drive (where lots tend to be larger). The home was built in 1956, which is typical for the street and slightly older than the citywide median.
Where the property truly stands out is in value concentration. Its assessed value of $1.03M is roughly in line with other homes on South Drive, but well above the Wildwood neighbourhood average of $568k and in the top 1% citywide. This suggests the home sits in a pocket of the neighbourhood where prices are more elevated—likely due to a combination of lot size, location, and the quality of nearby properties.
The appeal lies in two things: first, the sheer space—both inside and out—relative to most homes in Winnipeg; second, the relative value for a buyer who wants a large, established property without paying a premium that exceeds what neighbours on the same street are paying. There’s also a subtle advantage in the home’s age: 1950s construction in Wildwood often means mature trees, established landscaping, and solid framing, but may also mean updates are needed.
This property would suit: A buyer looking for a genuinely large family home in an established neighbourhood with good citywide value retention. It may be less suited to someone seeking a turnkey modern finish or a compact, low-maintenance lot. It could also appeal to an investor or homeowner who sees potential in updating a well-located property that already ranks strongly in value and space.
Frequently Asked Questions
1. How does this home compare to others on South Drive?
On its own street, the home is around average for living area, assessed value, and year built. The lot is smaller than many neighbours (ranked 70 out of 108), so it’s not the largest parcel on the block. The real standout is when you zoom out: it punches well above the neighbourhood and city averages.
2. Is the assessed value of $1.03M likely to reflect the market price?
Assessed value is a lagging indicator and may not match today’s market. But the fact that it ranks in the top 1% citywide while being only average on its street suggests the home is in a higher-value corridor of Wildwood. That could mean stable value, but also that comparable sales nearby may vary.
3. What kind of updates might a 1956 home need?
That depends on what’s been done already, which isn’t detailed here. Homes from this era often have original wiring, plumbing, windows, or insulation that may need attention. Buyers should budget for potential updates to mechanicals or finishes, though the lot and bones typically hold strong resale value.
4. How private is the lot given the size?
At 13,447 sqft, the lot is large by city standards and larger than most in Wildwood, but smaller than the average on South Drive. Privacy will depend on neighbouring homes and landscaping. The ranking (top 65% on the street) suggests some neighbours have considerably more land, so sightlines and setbacks may vary.
5. Who would this home not be right for?
It may not suit buyers looking for a brand-new home or a low-maintenance property. The large lot and older construction could mean more upkeep. Also, if the goal is to be on a street where every neighbour has a similarly sized lot, South Drive’s average lot is significantly bigger, so this property is on the smaller end of that specific street.