Property Overview: 51 Cedargrove Crescent, Mission Gardens, Winnipeg
Key Characteristics & Appeal
This home at 51 Cedargrove Crescent is a compact, efficiently sized property built in 1986. Its key characteristic is its modest scale: with 680 sqft of living space and a 3,353 sqft lot, it is notably smaller than most homes on its street, in the Mission Gardens area, and across Winnipeg. This is reflected in its below-average rankings for size and lot area. However, its assessed value is relatively low and aligns more closely with city-wide averages, suggesting a potentially accessible entry point into the market.
The appeal lies in its practicality and position as a true starter home or a downsizing opportunity. It suits buyers seeking minimal upkeep, lower property taxes due to its assessment, and a manageable space. A thoughtful perspective is that while the home is smaller than its neighbours, its 1986 build date is actually newer than many homes city-wide, potentially meaning fewer immediate concerns with aging infrastructure compared to older stock. It’s ideal for a single person, a couple, or an investor looking for a straightforward, no-frills property in a stable neighbourhood.
Frequently Asked Questions
1. Is this a good value for a first-time buyer?
Based on the data, its assessed value is below average for its immediate area and street, which can translate to lower property taxes. For a buyer prioritizing getting into the market with lower ongoing costs over space, it represents a clear value proposition.
2. How does the sold price history inform its current value?
The home sold in the $350k-$400k range in 2023 and the $250k-$300k range in 2022. This sharp increase and subsequent high-tier ranking in 2023 suggest a period of significant market movement or property improvement. Understanding what drove that 2023 sale price would be key to evaluating its current market value.
3. What are the implications of the smaller lot size?
At 3,353 sqft, the lot is smaller than typical. This means lower maintenance but also limited potential for expansions or additions. It emphasizes the property’s role as a compact, efficient living space rather than one for extensive outdoor projects or privacy.
4. The data shows it's "below average" in size. How significant is this?
It's significant in terms of living space. With area averages being 1,020 to 1,342 sqft, this home is about half the size. Buyers must be comfortable with a cozy layout, but this also inherently promotes a simpler, lower-cost lifestyle.
5. Why is the city-wide assessed value average shown as $390k?
This appears to be a notable discrepancy in the provided data. The local and area assessed value averages are in the $34k-$37k range, while the city-wide figure is listed as $390k. This extreme variance suggests the city-wide comparison may be referencing a different metric or contain an error, and clarification on this point would be essential.