286 Wildwood I Park – Property Summary
Key Characteristics & Buyer Profile
This home offers a notably large land parcel in a well-established Winnipeg neighbourhood. At 7,691 sqft, the lot ranks in the top 13% citywide and top 21% on its street—a strong draw for buyers who value outdoor space, gardening, or future expansion potential. The house itself is 1,485 sqft, which sits slightly below the street and neighbourhood averages, but above the citywide median for comparable homes.
The property was built in 1947, making it one of the older homes on the street (top 7% by age) and in the neighbourhood. While the citywide average year built is 1966, this is a classic postwar-era Wildwood home. Buyers should expect the character and quirks that come with a house of this vintage—solid older construction, but likely in need of updates or maintenance depending on the current owner's care.
The assessed value is $501,000. That's below the neighbourhood average of $568,200, suggesting the home may offer a more accessible entry point into Wildwood relative to its neighbours, while still sitting above the citywide median. It ranks in the top 20% of assessed values across Winnipeg.
Who it suits: Buyers who prioritize lot size and a quiet, established street over a larger or newer house. It could work well for someone willing to invest in renovations over time, or for those who simply want a good-sized yard in a central, mature neighbourhood without paying a premium for a fully updated interior. It's less suited to buyers looking for a turnkey modern home or a compact, low-maintenance lot.
Five Possible FAQs
1. Why is the assessed value lower than the neighbourhood average while the lot is larger than many nearby?
Assessed value reflects a combination of land and building value. This home's 1947 construction and slightly below-average living area likely offset the land advantage. Neighbourhood comparables may have larger homes or more recent renovations pushing their values higher.
2. Are there any drawbacks to buying a home built in 1947?
Older homes often have original features like plaster walls, smaller closets, and less efficient windows or insulation. Buyers should budget for potential electrical, plumbing, or foundation updates. That said, many postwar Winnipeg homes have solid wood framing and desirable layouts worth preserving.
3. How does the living area compare to typical single-family homes in Winnipeg today?
At 1,485 sqft, it's slightly above the citywide average for comparable homes (1,342 sqft). However, newer suburban homes frequently exceed 1,800 sqft. This size is more aligned with mid-century bungalow or two-bedroom-plus-den layouts—comfortable but not spacious by current standards.
4. Is the street quiet or busy?
The data shows the street has only 28 comparable homes, suggesting a small, likely low-traffic residential street. The property's ranking near the top for lot size and age implies a more established, tree-lined block rather than a high-density or cut-through route.
5. What does "ranked 15 out of 28" for living area actually mean in practical terms?
It means 13 homes on this street have a larger living area, and 14 are smaller. The home is essentially mid-pack for its immediate neighbours. This can be helpful for pricing negotiations or setting expectations about interior space versus lot size.