72 Wildwood E Park – Property Summary
Key Characteristics & Buyer Profile
This 1,044 sqft home sits on a 7,196 sqft lot in Winnipeg’s Wildwood neighbourhood, built in 1947. Its assessed value is $404,000.
The property’s strongest feature is its lot size. Citywide, the lot ranks in the top 16%—well above the typical Winnipeg lot of 6,570 sqft. On its own street, it’s about average. That means you get more outdoor space than most urban homes, without standing out from immediate neighbours.
The home itself is smaller than average for both the street and neighbourhood. But citywide, its living area is close to the norm. So it’s compact for Wildwood, but not unusually small for Winnipeg overall.
The assessed value tells a similar story: below the Wildwood street and neighbourhood averages, but above the citywide median. This suggests the home is priced more for its lot and location than for interior size.
The year built (1947) is older than most homes citywide, but among the earliest on its street (top 6%). That means character and established landscaping, but also potential for older systems and maintenance needs.
Who it suits: Buyers who prioritize outdoor space over interior square footage. Someone looking for a home in a mature neighbourhood with good citywide lot value, who is comfortable with a smaller footprint and an older home’s quirks. Not ideal for someone who needs maximum interior space or a move-in-ready modern layout without updates.
Five Frequent Questions
1. How does the assessed value compare to similar homes nearby?
The assessed value of $404,000 is below the street average ($515.6k) and the neighbourhood average ($568.2k). Citywide, it’s slightly above the median for comparable homes ($390.1k). So the home offers a relatively lower entry point for this area.
2. Is the lot really that much bigger than average?
Yes, citywide. At 7,196 sqft, it’s larger than 84% of Winnipeg lots. But within Wildwood, it’s very close to the street average (7,413 sqft), so the lot size is typical for the immediate area.
3. What should I know about a home built in 1947?
It’s older than most in Winnipeg, but among the earliest homes on this street. Expect original character like solid wood framing, but also potential issues with insulation, wiring, plumbing, and foundation. A thorough inspection is important. The age also means established trees and gardens, which can be a plus.
4. Why is the assessed value lower than neighbours’ if the lot is similar?
The smaller living area is the main factor. At 1,044 sqft, it’s roughly 500 sqft smaller than the street average. Assessors weigh both interior space and lot size. Here, the interior brings the value down despite the lot being comparable.
5. Is this a good investment property?
It could be, if you’re looking for lot value appreciation in a desirable neighbourhood. The land is the stronger asset than the building. For a rental, the smaller living area may limit rent compared to larger homes nearby. For a flip, the upside would depend on how much you can improve the interior without overcapitalizing relative to the street’s upper values.