106 Wildwood D Park – Property Summary
Key Characteristics & Buyer Profile
This is a compact, older home on a modest lot in a well-established Winnipeg neighbourhood. The house was built in 1947, making it one of the oldest on its street, and offers 768 square feet of living space. The assessed value is $361,000.
The property’s main appeal is its price point relative to the citywide market. While it sits below average in size, lot area, and assessed value compared to its immediate street and neighbourhood, it lands right around the citywide median for value. That means a buyer is paying roughly what an average Winnipeg home costs, but getting into a specific street and area where most homes are larger and more expensive. The trade-off is clear: you’re buying into a location where the baseline is higher, but the property itself is an entry-level option within that context.
This home would suit a buyer who prioritizes location over square footage—someone willing to accept a smaller floor plan and lot in exchange for being on a street that tends to have larger, more valuable properties. It may also appeal to someone looking for a project or a teardown, given the older construction and below-average land area, though the lot itself is average by city standards. First-time buyers, downsizers, or investors seeking a lower-cost entry into an established neighbourhood could find this a pragmatic fit.
Five Possible FAQs
1. How does the size compare to other homes nearby?
The living area is 768 sqft, which is well below the street average of 1,372 sqft and the neighbourhood average of 1,657 sqft. It ranks near the bottom on both levels. The land (5,904 sqft) is also smaller than most neighbouring lots, but it matches the typical citywide lot size.
2. Why is the assessed value lower than others on the street?
The assessed value of $361,000 is the lowest on the street, where the average is $474,900, and well below the neighbourhood average of $568,200. This largely reflects the smaller living area and lot. However, citywide, the value is average—meaning the property is priced in line with typical Winnipeg homes, not the pricier local comps.
3. How old is the house, and is that a concern?
Built in 1947, it’s the oldest home on the street and older than average for the neighbourhood and city. Older homes can have character and solid construction, but they often require more maintenance and potential updates for electrical, plumbing, insulation, or foundation. A thorough home inspection would be wise.
4. Is the property a good candidate for renovation or expansion?
It could be, but with a below-average lot size for the area (5,904 sqft vs. a neighbourhood average of 9,032 sqft), any expansion would need to work within those dimensions. Zoning and setback rules would also apply. Given the home’s age and small footprint, a full renovation or rebuild might be more practical than a simple addition.
5. What does “Top 50% citywide” for assessed value actually mean?
It means the property’s assessed value is right in the middle of all comparable homes in Winnipeg. Half of similar homes across the city are valued higher, and half are lower. This is a neutral position—not a bargain, not overpriced—and suggests the home is fairly priced for the broader market, even if it stands out within its own neighbourhood.