Property Overview: 55 Cedargrove Crescent
Section 1: Key Characteristics & Appeal
This home at 55 Cedargrove Crescent in Mission Gardens is a practical, entry-level property built in 1986. With 895 square feet of living space, it is compact yet functional, offering a layout that is efficient for daily life. Its assessed value of $320k positions it as a more accessible option within Winnipeg’s market, a point underscored by its recent sale price range of $350k–$400k in 2024.
The primary appeal lies in its value proposition and established neighbourhood setting. It suits first-time homebuyers or investors looking for a lower-priced point of entry into the Winnipeg market without the maintenance concerns of a much older home. A thoughtful perspective is its lot size: at 3,270 sqft, it is notably smaller than most on its street and in the area. This translates to less yard upkeep, which could be a benefit for those seeking a low-maintenance lifestyle, but limits expansion or gardening potential. The data shows the home is newer than many in the city overall, suggesting major components like roofing or windows may be from a more modern era than those in older neighbourhoods, potentially deferring some renovation costs.
Section 2: Frequently Asked Questions
1. How does the lot size compare to neighbouring properties?
This property’s lot is 3,270 sqft, which is significantly smaller than the average on Cedargrove Crescent (approx. 4,625 sqft). It ranks 71st out of 72 lots on the street for land area.
2. Is the assessed value in line with recent sale prices?
The current assessed value is $320k. The home sold in 2024 for an estimated $350k–$400k, indicating the assessed value may lag behind the recent market price, which is common.
3. What does the "above average" year built ranking mean for the city?
Built in 1986, this home is newer than the Winnipeg city-wide average home (built circa 1966). It ranks in the top 27% city-wide for year built, meaning it is a relatively newer structure compared to much of the city's housing stock.
4. How does the living space compare to the neighbourhood?
At 895 sqft, the living area is below the average for both the Mission Gardens area (1,162 sqft) and the city overall (1,342 sqft). It is, however, closer to the average for its specific street.
5. Where can I see more detailed comparisons with nearby homes?
You can open the neighbourhood analysis page for this property to view an interactive map comparing details like year built, living area, and lot size with immediate neighbours. A link is provided in the property data section above.