335 Wildwood H Park – Property Summary
Key Characteristics & Buyer Profile
This is a 1,484-square-foot home on a notably large 7,197-square-foot lot in the Wildwood H Park neighbourhood of Winnipeg. The house was built in 1947, making it one of the oldest homes on the street—ranked #1 out of 32 for year built. Its assessed value sits at $491,000, which is above average citywide but slightly below the neighbourhood average.
The property’s main appeal lies in two areas: the land and the price-to-value ratio relative to the broader city. The lot is larger than 85% of properties across Winnipeg, which is unusual for a home of this size and age. The assessed value ranks in the top 21% citywide, meaning it’s seen as relatively high-value compared to the wider market, even if it’s in the middle of the pack locally.
This home would best suit a buyer who values outdoor space over interior square footage, and who is comfortable with an older home that may require updates or maintenance. It’s less ideal for someone seeking a turn-key modern layout or a property that needs minimal outdoor upkeep. The combination of a large lot and an older structure might appeal to those looking to renovate, expand, or simply enjoy generous yard space in an established neighbourhood.
Five Possible FAQs
1. Why is the assessed value above the city average but below the neighbourhood average?
The neighbourhood (Wildwood) has a higher average assessed value of $568,200, likely due to newer or more extensively renovated homes nearby. While this property’s value of $491,000 is strong citywide—ranking in the top 21%—it’s still about 14% below the local average. This suggests the home may not have been updated to the same degree as some neighbours, or that lot sizes vary significantly within Wildwood.
2. Does the home’s age (1947) affect its marketability?
It depends on the buyer. Being the oldest home on the street (top 3%) can be a selling point for those who appreciate older construction, established landscaping, or potential for character restoration. However, citywide, 1947 is below average (76th percentile), so buyers expecting a newer build may pass. The age often means lower property taxes but higher ongoing maintenance costs—something to factor in.
3. How does the lot size compare to typical Winnipeg properties?
The 7,197 sqft lot is larger than 85% of properties citywide. That’s a significant advantage if you value gardening, outdoor entertaining, or future expansion. However, within the immediate neighbourhood, the average lot is 9,032 sqft, so it’s slightly smaller than some nearby properties. Keep in mind that larger lots often come with higher snow removal and lawn care demands.
4. Is the living area considered small or large for this price range?
At 1,484 sqft, the living area is around average for both the street and the neighbourhood, and slightly above the citywide average of 1,342 sqft. Given the $491,000 assessment, you’re paying more for the land than the interior space. Buyers looking for a larger home for the same price might find better value elsewhere in Winnipeg, particularly in newer subdivisions with smaller lots.
5. What does “ranked #16 out of 32 on the street” mean for resale value?
It means this property sits in the middle of the pack on its own street for both living area and assessed value. Street-level rankings are a useful snapshot of relative desirability, but they don’t predict resale. A home that’s older and has a larger lot than neighbours can hold its value well, especially if the neighbourhood itself is stable or improving. However, being in the middle suggests it may not command a premium over similar homes on the same block.