71 Wildwood E Park – Property Summary

Key Characteristics & Buyer Profile

This is a 1,130 sqft home built in 1947 on a 7,196 sqft lot in the Wildwood area of Winnipeg. Its assessed value is $494,000. The property sits at the older end of the street (top 6% by age locally) and offers a land size that’s near average for the street but above average citywide (top 16% in Winnipeg). The living area is below average for both its street and neighbourhood, but closer to the city’s overall average.

The appeal here is subtle. This isn’t a move-in-ready space with generous square footage. Instead, the value lies in the combination of an older home on a good-size lot in a well-established neighbourhood. The assessed value sits just below the street and community average but well above the city median, reflecting a stable, desirable area without the premium of the priciest blocks. Buyers who prioritize location, lot size, and character over interior space may find this property a strong fit. It would particularly suit someone open to renovating or reconfiguring the existing footprint, or someone who values being in an older, established part of Wildwood where comparable homes tend to be pricier and larger. The data suggests the property is priced more for its land and setting than for the house itself.

Frequently Asked Questions

1. How does this home’s size compare to others nearby?
The living area is notably smaller than the street average (1,574 sqft) and the community average (1,657 sqft), ranking in the bottom quarter locally. However, it’s close to the Winnipeg-wide average of 1,342 sqft, so the size isn’t unusual citywide, just compact for this particular area.

2. Is the assessed value a reliable indicator of market price?
Assessed value is used for property tax calculations and doesn’t always match current market value. This home’s assessed value ($494,000) is near the street average ($516,000) and below the community average ($568,000), but above the city average ($390,000). It suggests a location that carries a premium, but actual pricing would depend on condition, renovations, and recent sales in Wildwood.

3. How old is the property, and is that a concern?
Built in 1947, this is one of the older homes on the street (top 6%) and in the community (top 19%). Citywide, it’s older than about three-quarters of homes. Age can mean character, mature landscaping, and better construction methods, but it often comes with older systems (plumbing, wiring, insulation). A home inspection is strongly recommended to assess the actual condition.

4. What’s the advantage of the lot size here?
At 7,196 sqft, the lot is average for the street but slightly below the community average (9,032 sqft). However, it ranks in the top 16% citywide, meaning this is a larger lot than most in Winnipeg. For buyers looking for outdoor space, possible expansion, or a garden, the lot represents a clear asset—especially given the neighbourhood’s desirability.

5. Who would benefit most from buying this property?
Buyers who are less concerned with having a large interior and more focused on land value, location in Wildwood, and the potential to renovate or expand. It could also suit someone who appreciates older neighbourhoods with established trees and character, even if it means compromising on square footage or modern finishes.