32 Wildwood F Park – Property Summary
Key Characteristics & Buyer Fit
This 1,231 sqft home, built in 1947, sits on a 6,608 sqft lot in Winnipeg’s Wildwood neighbourhood. Its living space is noticeably smaller than both the street average (1,650 sqft) and the community average (1,657 sqft), though it lands very close to the city-wide median. The assessed value of $400,000 is below the street and community averages of $522,000 and $568,000 respectively, but slightly above the city-wide average of $390,000 — suggesting the property is priced more in line with broader market conditions than with its immediate neighbours.
The building’s age is a distinguishing feature. At 77 years old, it ranks 3rd oldest on its street (top 14%) and 70th in the community (top 19%), meaning the home predates many surrounding houses by several years. The land, while smaller than typical for Wildwood (which averages over 9,000 sqft), still ranks in the top 20% city-wide — a reminder that lot sizes in this neighbourhood tend to be generous compared to the rest of Winnipeg.
Where the appeal lies: The property offers a lower entry point into a desirable, established area. Buyers get a reasonably sized lot in a community known for larger parcels, with a home that avoids the premium attached to the street’s more expensive, larger houses. The assessed value is modest relative to the neighbourhood, which could mean lower property taxes compared to neighbouring properties.
Who it suits: Practical buyers who value location over square footage, and who are open to updating or reconfiguring an older home. It may also appeal to someone looking for a smaller footprint in a family-oriented area, or investors seeking a property with below-market entry price in a well-ranked city location.
Frequently Asked Questions
1. How does this property’s assessed value compare to similar homes nearby?
The assessed value of $400,000 is below both the street average ($522,000) and the community average ($568,000). It’s slightly above the city-wide average of $390,000, so the home is relatively affordable for its area.
2. Is the lot size considered small for Wildwood?
Yes, the 6,608 sqft lot is smaller than the Wildwood community average of 9,032 sqft, ranking 322nd out of 377 properties in the neighbourhood. However, it’s still above the city-wide average of 6,570 sqft, placing it in the top 20% for Winnipeg overall.
3. What does it mean that the home was built in 1947?
The house is older than most on its street and in the community, where the average build year is around 1950-1952. Buyers should expect the upkeep typical of a 77-year-old home — potential updates to electrical, plumbing, insulation, and foundation may be needed. On the positive side, older homes in this area often feature solid construction and mature landscaping.
4. Why is the living space below average for the street but close to average city-wide?
Wildwood is a neighbourhood with larger-than-average homes (both street and community averages are around 1,650 sqft). By contrast, this property’s 1,231 sqft is much closer to Winnipeg’s city-wide average of 1,342 sqft. It means the home offers a more typical city size in a neighbourhood where homes tend to be spacious.
5. How does this property rank overall within Winnipeg?
It ranks in the top 47% for living area, top 38% for assessed value, top 20% for lot size, and the bottom 76% for newer construction (meaning it’s older than most homes city-wide). The standout is the lot size, which is significantly above average for the city as a whole.