Property Overview: 71 Cedargrove Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 71 Cedargrove Crescent in Mission Gardens is a compact, single-story property built in 1986. Its key characteristic is its modest scale: with 691 sqft of living space and a 3,296 sqft lot, it is notably smaller than most homes on its street, in the area, and across Winnipeg. This is reflected in its below-average assessed value relative to its immediate neighbours.
The appeal lies in its efficiency and potential as an entry point into the market. For the right buyer, the smaller size translates to lower maintenance, utility costs, and property taxes. The home is newer than many on its street, suggesting potentially fewer immediate major repairs compared to older stock. It suits first-time buyers, downsizers, or investors seeking an affordable, manageable property in a stable neighbourhood. A thoughtful perspective is that this property represents a "value-tier" option within its own community—offering access to the neighbourhood's amenities and character without the premium price tag of its larger counterparts. Its last known sale was between $250k-$300k in 2020.
Section 2: Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value (listed as $31,600) is for municipal tax purposes. Market value—what a buyer would pay today—is determined by recent sales, condition, and market demand. The home last sold for an estimated $250,000-$300,000 in 2020.
2. How significant is the smaller living area?
At 691 sqft, the home is significantly cozier than the area average. It would best suit individuals, couples, or those comfortable with efficient living spaces. It is not ideal for those needing multiple bedrooms or dedicated home-office areas.
3. What does the "ranking" data mean for the lot size?
The data shows the lot is smaller than 97% of properties on Cedargrove Crescent. This means outdoor space is limited compared to direct neighbours, but it may still offer a manageable yard for gardening or relaxing with less upkeep.
4. Is a 1986-built home considered old?
In context, no. On its street, it's newer than most (ranking in the top 17%). For Winnipeg overall, it's also above average in age. This suggests major components like the roof or windows may be within a typical renewal cycle, so a thorough inspection is advised.
5. How can I find out the exact past sale price?
The precise sale price is not public. The listing service offers to provide it manually via email request, promising a reply by the end of the same day without using your email for marketing.