Property Summary: 506-755 North Drive
Key Characteristics & Buyer Profile
This home stands out for its unusually large living space and high assessed value relative to the rest of Winnipeg. At 2,128 square feet, it ranks in the top 1% city-wide for size, while the average comparable home in the city is just over 1,000 square feet. The assessed value of $819,000 places it in the top 1% as well, reflecting both the size and the desirability of the area.
Built in 2019, the home is also newer than 95% of comparable properties across the city—most of which date to 1990 on average. On its own street and within the Wildwood neighborhood, it ranks in the top 18% for both size and value, meaning it’s above average locally but truly exceptional when compared city-wide.
The appeal is twofold. First, for buyers who prioritize space—whether for a growing family, home offices, or simply not feeling cramped—this property offers square footage that is hard to find in a newer build. Second, the assessed value suggests strong underlying land and location value, which can be a quieter advantage for those thinking about long-term equity, especially since the home is already in an elite tier city-wide.
Who it suits: Buyers who want a newer, oversized home in an established neighborhood without moving to a far-flung new suburb. It also suits those who are price-conscious about future resale: being in the top 1% of assessed value city-wide suggests the property has already demonstrated strong market positioning.
Five Possible FAQs
1. How does the property compare to other homes on North Drive specifically?
On North Drive, it ranks 9th out of 50 homes (top 18%) for both living area and assessed value. That means it’s above average on the street, but not the largest or most expensive—so you’re getting a strong home in a competitive context, without being the outlier that can be harder to sell.
2. Is the high assessed value mostly due to the house size or the land?
The data provided doesn’t break out land versus building value separately, but given that the home is only six years old and the square footage is very high, the building likely contributes significantly. However, ranking top 1% city-wide while only top 18% on the street suggests the street itself is high-value—so location is a meaningful factor too.
3. Why is the average year built in Winnipeg so much older (1990) than this home?
Winnipeg has a large stock of older housing stock, particularly in established neighborhoods like Wildwood. A 2019 build is relatively rare in such areas, which is why this home ranks in the top 5% city-wide for newer construction. It’s a good option if you want modern construction without being in a brand-new development zone.
4. Does the “top 1%” ranking mean I’m overpaying for the area?
Not necessarily. Rank by assessed value is a measure of market perception, not a prediction. Being in the top 1% city-wide is consistent with being a high-end home in a desirable area. It’s worth comparing to recent sale prices on the street to see if the assessed value aligns with what buyers are actually paying.
5. How can I see this home on a map with nearby properties for comparison?
The property detail page includes a link to an interactive neighbourhood analysis map. That tool lets you view this home alongside others on North Drive and in Wildwood, comparing year built, living area, assessed value, and lot size directly. It’s a practical way to get a fuller picture before viewing in person.