151 Cedargrove Crescent

Property Summary: 151 Cedargrove Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This home on Cedargrove Crescent in Mission Gardens presents a compelling proposition centered on its land. The standout feature is the nearly 10,000 sqft lot, which ranks in the top 1% on its street and top 3% in the wider area. This offers exceptional outdoor space and potential relative to neighboring properties. The house itself, built in 1986, is newer than many in Winnipeg and offers a comfortable 1,050 sqft of living space that is typical for the immediate neighborhood. Its assessed value is consistent with local averages.

The primary appeal lies in this balance: a modern-enough home on a lot that is significantly larger than most in the vicinity. It suits buyers who prioritize private outdoor space for gardening, recreation, or future expansion over a large interior footprint. It’s a practical choice for those seeking a established neighborhood feel where the value is anchored more in the land than in an oversized or newly renovated house. The recent sale in the 2023-2025 period also suggests a stable, modern market value.

Section 2: Frequently Asked Questions

1. How does the lot size impact property taxes or maintenance?
While the large lot is a major asset, it can lead to slightly higher property taxes compared to neighbors with smaller parcels and may require more time or cost for yard maintenance, landscaping, or snow clearing.

2. Is the home’s interior size a limitation?
At 1,050 sqft, the living area is adequate for many but is below the city-wide average. It would suit individuals, couples, or small families comfortably, but those needing extensive space or multiple large dedicated rooms should carefully consider the layout.

3. What does the "above average" year built ranking mean for maintenance?
A 1986 build date is newer than many Winnipeg homes, potentially meaning updates to major systems like roofing, windows, or HVAC may have been done more recently. However, a home of this age will still likely need routine maintenance and could be due for modernizations in kitchens or bathrooms.

4. The assessed value seems low compared to the city-wide average. Why?
The city-wide average assessed value includes all property types and sizes across Winnipeg. This home’s assessment is in line with its specific neighborhood (Mission Gardens) and street, reflecting local market conditions and the home’s specific characteristics more accurately than a city-wide figure.

5. Does the large lot offer potential for subdivision or adding a secondary suite?
This depends entirely on current City of Winnipeg zoning bylaws. A lot of this size may have potential, but any development would require rigorous research, permits, and compliance with local regulations. It is not a given and should be investigated independently.