83 Wildwood E Park – Property Summary
Key Characteristics & Buyer Profile
This is a compact 817 sqft bungalow on a generous 7,195 sqft lot in Winnipeg’s Wildwood neighbourhood, built in 1947. Its strongest feature is the land: the lot ranks in the top 16% city-wide for size, offering rare outdoor space for a home this age and price point. The assessed value of $349,000 sits well below the street and neighbourhood averages (roughly $515k–$568k), which is partly explained by the small living area—this is not a house that trades on square footage.
The appeal here is not “move-in ready and spacious,” but rather a combination of character, lot, and relative affordability within a desirable neighbourhood. For a buyer who values a large yard over interior square metres—someone willing to renovate, add on, or simply live compactly—this property offers an entry point into Wildwood that would be hard to match. It would suit a downsizer, a young family planning a future addition, or an investor looking for a teardown or major reno on prime land. The home itself is older than many in the city (top 76% oldest city-wide), which may appeal to those seeking pre-war construction or a fixer-upper with good bones.
Five Frequently Asked Questions
1. Why is the assessed value so low compared to other homes on the same street?
The main factor is living area. At 817 sqft, this home is significantly smaller than the street average of 1,574 sqft. Assessed value is driven largely by livable square footage and condition, so a smaller home—especially one in original or dated condition—will naturally fall below neighbourhood comps.
2. Is the lot actually usable, or is it awkwardly shaped?
The detail page doesn’t specify shape, but a 7,195 sqft lot in Wildwood is typically a rectangular or slightly irregular plot typical of the area’s post-war grid. It’s large enough for a substantial addition, a garage, or extensive landscaping. A site visit is recommended to confirm dimensions and slope.
3. How does the 1947 build affect insurance and maintenance?
Homes from this era often have plaster walls, knob-and-tube or early romex wiring, and possibly asbestos or lead paint. Insurance can be slightly higher if the electrical or roof hasn’t been updated. A thorough home inspection is essential—this is not a property for someone looking to avoid immediate work.
4. Could this property be a good candidate for a tear-down?
Potentially, but it depends on zoning and local development rules. The lot is larger than many in the city but is smaller than the average for Wildwood specifically (9,032 sqft). If you want to build new, check whether the lot meets current minimum setbacks and whether the neighbourhood has heritage or infill restrictions. That said, the land value alone likely supports a rebuild.
5. How does the ranking system work? Is “Below Average” a bad thing?
The rankings compare this property to similar homes within three scopes (street, neighbourhood, city). “Below average” for living area simply means it’s smaller than typical—it doesn’t indicate poor quality. The assessed value ranking is “around average” city-wide, which makes this home relatively affordable for its location. The rankings are useful for understanding trade-offs, not for judging condition or desirability.