Property Summary: 415 Wilton Street, Winnipeg
Section 1: Key Characteristics & Appeal
This Grant Park bi-level home presents a unique, value-focused opportunity. Its key characteristic is its compact size, with 767 sq ft of living space and a modest 2,298 sq ft lot, making it one of the smallest properties on its street and in the wider area. However, this is balanced by a renovated basement and a notably newer construction year (1975) compared to many neighbouring homes, which often date to the mid-20th century.
The primary appeal lies in its position as an affordable entry point into a well-established neighbourhood. With a consistently low assessed value and sold price history, it stands out for buyers seeking minimal property tax liability and a lower initial investment. It would suit a very specific buyer: a minimalist, a first-time investor looking for a straightforward rental property, or someone seeking a low-maintenance footprint without leaving a central community. A less obvious perspective is that its smaller scale could mean proportionally lower costs for exterior updates (like roofing or siding) compared to larger homes on the street.
Section 2: Frequently Asked Questions
1. Is this a small house?
Yes, quite. At 767 sq ft, its living area is below average for Grant Park, the street, and the city. It’s a compact home suited for efficient living.
2. Why is the assessed value so much lower than area averages?
The assessed value reflects the property's specific attributes—primarily its smaller building size and lot dimensions compared to area norms. Value is relative to these physical characteristics.
3. What does "newer" year built mean for a 1975 home?
In this context, it means the structure is significantly younger than many homes in Grant Park, which average from the 1950s. This can suggest updated building materials and systems for its era, though a specific inspection is essential.
4. What are the main trade-offs with this property?
You gain affordability and a newer build date but with less interior and exterior space than typical area homes. There is no garage, and outdoor private space is limited.
5. How reliable are the sold price ranges shown?
The ranges are based on public data. For precise historical sale figures, you must request the exact data via the provided email service, which is manually verified.