215 Wildwood A Park – Property Summary
Key Characteristics & Buyer Profile
This 1947 bungalow in Wildwood A Park offers 1,198 square feet of living space on a 7,006-square-foot lot, with an assessed value of $450,000. The property sits on a street where it ranks as the smallest lot (30th out of 30 homes), yet the land itself is actually above average for Winnipeg—most city lots come in around 6,570 square feet. The home is one of the older ones citywide (top 76% by age), but within its own neighbourhood it's not unusual; many surrounding houses were built in the late 1940s.
The appeal here is subtle. The assessed value is well below the neighbourhood average of $568,200, which may reflect a smaller home or one needing updates—but it's also above average compared to the city as a whole. That suggests the property sits in a relatively desirable area where land carries value. For a buyer who values a generous yard in an established neighbourhood, and doesn't need maximum square footage, this could be a good fit. It would likely suit someone looking for a smaller home with renovation potential, or a buyer who prioritises outdoor space over interior size. The street-level rankings are consistently below average, which might appeal to someone who wants to avoid paying a premium for being on a top-tier block.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The assessed value of $450,000 is below the Wildwood A Park street average of $499,300 and the wider Wildwood neighbourhood average of $568,200. However, it's above the citywide comparable average of $390,100, reflecting the area's relative value.
2. Is the lot really that small for the street?
Yes—it's the smallest lot on the street (ranked 30 out of 30). But that's relative to an unusually large street average of 7,787 square feet. Citywide, a 7,006-square-foot lot ranks in the top 17%, so it's still a sizeable yard by Winnipeg standards.
3. Why is the living area ranked so low on the street but only average citywide?
Homes on Wildwood A Park average 1,448 square feet, so this property's 1,198 square feet is below that benchmark. Across all of Winnipeg, the average comparable home is 1,342 square feet—so this unit is slightly smaller than the city median, but not dramatically so.
4. Does the age of the home affect its value in this neighbourhood?
The home was built in 1947, which is typical for the street (average 1948) and neighbourhood (average 1950). Within Wildwood, older homes are the norm rather than a discount. Citywide, it's older than average, so a buyer should expect systems and structure that reflect its age unless recent upgrades have been made.
5. What kind of buyer would get the most out of this property?
Someone who values a larger-than-average lot in a stable, older neighbourhood, and is comfortable with a home that may need cosmetic or mechanical updates. It could also suit a buyer who wants to avoid paying a neighbourhood premium for a house that's larger or on a more sought-after block. Renovators or gardeners might see particular opportunity here.