Property Overview: 166 Cedargrove Crescent
Key Characteristics & Appeal
This 1,076 sqft bungalow, built in 1986, presents a solid, efficiently sized home in Winnipeg's Mission Gardens neighborhood. Its core appeal lies in its strong relative value within its immediate area. The home ranks in the top 25% for living space on its street and, more notably, in the top 18% for assessed value on Cedargrove Crescent, suggesting it is viewed as a higher-value property among its closest peers. While the lot size is more compact compared to area averages, this often translates to lower maintenance, which can be a practical advantage.
The home suits first-time buyers or downsizers looking for a manageable footprint without sacrificing perceived value in a stable neighborhood. It also appeals to the value-conscious buyer who prioritizes a home that stands well against its direct neighbors, as evidenced by its above-average rankings on its own street for key metrics. A thoughtful perspective is that a home ranking highly on its own street can indicate a well-kept property in a consistent area, which often contributes to neighborhood stability and ease of resale.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No, the municipal assessed value (listed as $37,600) is for tax purposes and is typically lower than current market value. The last recorded sale price from 2021 was between $350,000 and $400,000, which is a better, though dated, indicator.
2. How does the lot size impact this property?
At 3,597 sqft, the lot is smaller than most in Mission Gardens. This means less yard maintenance, but also less private outdoor space. It’s a practical trade-off that can keep upkeep costs lower.
3. What do the ranking percentages (e.g., Top 25%) actually mean?
They show how this property compares to others. For example, ranking in the top 25% for living area on its street means approximately 75% of homes on Cedargrove Crescent have less living space. It’s a quick way to gauge where the home stands in different contexts.
4. The home was built in 1986. What should I consider?
A home of this age is likely to have seen updates to major systems like roofing, windows, or heating. It’s important to inquire about the replacement history of these components, as they are at a stage where they may need attention.
5. How can I find out the exact past sale price?
The provider offers a manual service to send the exact historical sold price by email upon request, as only price ranges are published publicly on the site.