193 Wildwood B Park – Property Summary
Key Characteristics & Buyer Profile
This 1947 bungalow sits on a generous 7,196 sqft lot in Wildwood B Park. The home itself is compact at 1,032 sqft, which is below average for the street and neighbourhood, but the land area is notably generous compared to citywide averages. The assessed value sits at $419,000—below the street and neighbourhood medians, but roughly average for Winnipeg as a whole. The property’s real appeal lies in its land-to-living-space ratio. For a buyer who values outdoor space, gardening, or the potential for future expansion, this offers a foundation that many newer, tighter lots cannot. It would particularly suit someone looking to update or redevelop a post-war home in a mature neighbourhood, rather than a buyer seeking a move-in-ready house with generous interior square footage. The combination of older construction, a modest floor plan, and above-average citywide land ranking suggests a property where the value is in the site itself.
Five Possible FAQs
1. How does the living space compare to other homes in the area?
The 1,032 sqft living area is small for Wildwood B Park, ranking 32nd out of 32 homes on the street. It’s also below the neighbourhood average of 1,657 sqft. Citywide, however, it sits closer to the median of 1,342 sqft, so the footprint is more in line with older Winnipeg homes than with larger modern infills.
2. Is the assessed value considered high or low for this market?
At $419,000, it’s below the street average ($508,200) and neighbourhood average ($568,200). But relative to all comparable homes across Winnipeg, it’s around average—ranking in the top 34% citywide. This suggests the property is priced more competitively than its immediate neighbours.
3. What does “Top 16%” for land area citywide actually mean?
The lot is 7,196 sqft, which places it in the top 16% of all comparable properties in Winnipeg. In practical terms, this is a larger-than-typical city lot, especially for a home built in the 1940s. It’s not oversized for the street (which averages 7,666 sqft), but compared to newer subdivisions or tighter urban infill lots, it offers noticeable space.
4. Why is the year built ranked “above average” on the street yet “below average” citywide?
The home was built in 1947. On Wildwood B Park, several homes are newer, but this one is older than most, ranking 5th oldest out of 32. Citywide, the average comparable home is from 1966, so relative to the broader market, this is an older home. That means it likely has original construction details but may also require updates to systems or insulation.
5. Who would benefit most from seeing this property?
Buyers who are comfortable with a smaller interior and plan to invest in renovations, or who prioritize yard space and outdoor living. It could also work for someone interested in a future side split or addition, given the lot size. It’s less suited to those expecting a large, finished interior at this price point.