Property Overview: 115 Cedargrove Crescent, Winnipeg
Key Characteristics & Appeal
This 1986-built home in Mission Gardens presents a compelling blend of space and value. Its primary appeal lies in its exceptionally large, 8,090 sqft lot, which ranks in the top 3% on its street and the top 10% within the broader area. This offers rare potential for gardening, expansion, or outdoor living in a mature neighbourhood. The 1,047 sqft living area is comfortably in line with local averages, making it a practical family home.
A key insight is the property's strong assessed value relative to its immediate surroundings, ranking in the top 7% on Cedargrove Crescent. This suggests it is viewed as a premium property on its block, likely due to the lot size and condition. The home last sold between $400k-$450k in 2021, a price point that performed better than most comparable sales in the area and city at that time.
This property would suit buyers looking for a established neighbourhood with room to grow outdoors, who value a larger parcel of land over a maximized interior footprint. It’s a solid choice for those seeking a home with inherent value in its lot, within a context of stable, average-sized neighbouring homes.
Frequently Asked Questions
1. How does the lot size truly compare?
The land area is the home's standout feature. At 8,090 sqft, it is approximately 75% larger than the average lot on its own street, offering significant private outdoor space that is uncommon for the area.
2. What does the assessed value ranking indicate?
Ranking in the top 7% by assessed value on its street suggests the municipal assessment views this property more favourably than most neighbours. This often reflects a combination of lot size, building condition, and improvements, but it does not directly predict market selling price.
3. Is the living space smaller than typical city homes?
Yes, at 1,047 sqft, the living area is below the Winnipeg city-wide average. However, it is very much on par with the averages for both Mission Gardens and Cedargrove Crescent specifically, indicating it is a standard size for this specific location.
4. Can I get the exact historical sale price?
The provided sale price is a range based on public data. The exact sale price from 2021 is available by request from the listing service, which they provide manually via email.
5. The home is 40 years old. What should I consider?
Built in 1986, the home is newer than the Winnipeg city average. Buyers should focus on the condition and updates to major systems like roof, windows, heating, and electrical, which are typical maintenance points for homes of this era.