526 Manchester Boulevard S

526 Manchester Boulevard S – Property Summary

Key Characteristics & Buyer Profile

This is a 1,044 sqft home built in 1947 on a 5,995 sqft lot, located in the Wildwood neighbourhood of Winnipeg. Its assessed value is $420,000.

What stands out here is a clear trade-off between the house itself and the land. The living area is notably smaller than the average home on the same street (1,454 sqft) and in the wider Wildwood area (1,657 sqft). The house ranks in the bottom 10% for size on its street and in the neighbourhood. However, the land is average for the street and citywide, and the home’s age (1947) is actually older and more character-rich than many of its neighbours—it ranks in the top 19% of Wildwood for age.

The assessed value is right around the street average, below the neighbourhood average (which is heavily influenced by larger, higher-value homes in Wildwood), but above the citywide average for comparable homes. This suggests the property is priced with an awareness of its smaller footprint, while the land and location provide a baseline of value.

Appeal: The appeal lies in the neighbourhood (Wildwood is an established, desirable area) and the lot size, which is generous relative to the house. For a buyer open to renovating, expanding, or rebuilding, this could be a smart entry point into a location that typically commands higher prices. The home’s age also hints at pre-war construction quality and mature landscaping.

Best suited for: A buyer who values location over move-in-ready space. This property would suit someone looking to renovate or redevelop, or a downsizer or minimalist comfortable with a compact layout who wants to be in Wildwood without paying for a large house. It is less suited to a family needing immediate space or a buyer seeking a turnkey home with modern finishes.

Frequently Asked Questions

1. Is this a good investment property?
It depends on your strategy. The land value and neighbourhood desirability offer strong long-term fundamentals, but the small living area limits rental income potential as-is. If you can add square footage or update the home significantly, the return could be solid. As a straight rental, the yield would likely be modest compared to other properties at this price point.

2. How do the rankings work in the data provided?
The rankings compare this property to “comparable homes” within three scopes: the same street (Manchester Boulevard S), the neighbourhood (Wildwood), and the entire city (Winnipeg). A rank of #19 out of 44 on the street means 18 homes have a higher assessed value and 24 have a lower one. “Top 43%” means it performs better than 57% of peers in that group. The bar fill shows what share of peers you outperform.

3. Will the small living area limit resale value?
In Wildwood, yes—most homes in the area are larger, so this property stands out for its size. That can limit the pool of buyers. However, if the home is well-maintained and the lot is appealing, it can still sell. Buyers who prioritize location and land over square footage do exist. The bigger risk is if the home feels cramped or outdated without room to expand.

4. Is the 1947 construction a concern?
Not inherently, but it’s worth a careful inspection. Pre-1950s homes often have solid framing, plaster walls, and hardwood floors that can be restored well. However, they may also have outdated electrical, plumbing, or insulation. The age ranking is neutral for resale—some buyers seek older homes for character, others avoid them for maintenance concerns. Know what you’re walking into.

5. How does this property compare to the average Wildwood home?
It’s smaller, on a smaller lot (5,995 sqft vs. the neighbourhood average of 9,032 sqft), and assessed at about $148,000 less than the average Wildwood home ($568,200). It is older than most Wildwood homes, but not dramatically so (1947 vs. 1950 average). In short, it’s a more affordable, compact entry point into a higher-value neighbourhood, with the trade-offs that implies.