159 Wildwood Crescent Park – Property Summary
Key Characteristics & Buyer Profile
This 1947 home sits on a generous 7,319 sqft lot with 1,386 sqft of living space and an assessed value of $579,000. What stands out here is the property’s value position: it ranks in the top 10% city-wide for assessed value, but its living area is only around average for its street and neighborhood. That gap suggests the value is rooted in the land, not the house size—a dynamic often overlooked. The lot is above average for Winnipeg (top 15% city-wide), though slightly smaller than the neighborhood norm of 9,032 sqft. The year built is older than most city homes, but within Wildwood, it’s typical for the area—meaning the character of the street is consistent.
The appeal lies in the lot and assessed value relative to the neighborhood. Buyers here are trading square footage for land and a strong value ranking in a desirable pocket. This would suit someone who prioritizes outdoor space, a prime street location, or a renovation opportunity—rather than someone seeking a move-in-ready, turnkey interior. It may also appeal to buyers who want a home that already holds its value well compared to others on the block.
FAQs
1. How does the assessed value compare to similar homes nearby?
The assessed value of $579,000 is well above average for the street ($499,900), ranking 3rd out of 36 homes. It’s also above the neighborhood average ($568,200) and the city-wide average for comparable homes ($390,100). The property consistently ranks in the top 10-22% across all three scopes.
2. Is the living area small for the neighborhood?
It’s around average on the street and in the neighborhood. The street average is 1,450 sqft, and this home is 1,386 sqft—very close. The neighborhood average skews higher at 1,657 sqft, but this is not unusually small for Wildwood overall. City-wide, it’s actually slightly above the average for comparable homes (1,342 sqft).
3. How old is the house compared to others?
The home was built in 1947, which is older than the city-wide average (1966), but it’s actually typical for Wildwood. On this street, it’s the second oldest home—only one other was built earlier. If you’re looking at the neighborhood level, most homes were built around 1950, so this fits the era.
4. Is the lot size considered large?
Yes, relative to Winnipeg as a whole. The lot is 7,319 sqft, ranking in the top 15% city-wide. However, within the Wildwood neighborhood, the average lot is 9,032 sqft, so it’s slightly below the local norm. It’s still a good-sized lot for city standards, especially on a street where the average is 7,461 sqft.
5. Could this be a good candidate for renovation?
It depends on your goals. The land and assessed value already outperform many homes in the area, which might suggest there’s already a lot of value baked in. A renovation could increase that further, but given the interior is unlisted here, it’s worth verifying the condition. The older construction and above-average lot make it a plausible renovation candidate—but the numbers alone don’t confirm that.