116 Marygrove Crescent

116 Marygrove Crescent – Property Summary

Key Characteristics & Buyer Profile

This 1992 home in Whyte Ridge offers 1,376 square feet of living space on a notably large 6,059-square-foot lot—ranking in the top 4% on its street for land area. What stands out here is the lot: it’s substantially bigger than the street average of 4,732 square feet, giving it a rare sense of outdoor space for the area. The home itself is slightly older than the neighbourhood average (1992 vs. 1994), but it’s newer than most homes citywide. The assessed value of $474,000 is around average for the street but below the neighbourhood median of $529,600, which reflects a more modest size and finish level compared to nearby homes.

The appeal lies in the land-to-price ratio. Buyers get a generous yard in a stable, established neighbourhood without paying a premium for a fully renovated interior. This would suit someone who values outdoor space—gardening, kids, pets, or future expansion—over move-in-ready cosmetics. It’s also a strong fit for buyers who want to be in Whyte Ridge but are priced out of the neighbourhood’s pricier, larger homes. The below-average assessed value compared to the area suggests some room for sweat equity or gradual upgrades.

Five Possible FAQs

1. How does the lot size compare to other homes in Whyte Ridge?
It’s slightly below the neighbourhood average of 6,175 square feet (ranked in the top 35%), but stands out as elite on Marygrove Crescent itself, where most lots are around 4,732 square feet. So while it’s not unusually large for the whole area, it’s one of the bigger lots on this specific street.

2. Is the assessed value a fair reflection of the home’s condition?
The assessed value is close to the street average but well below the Whyte Ridge average. This likely indicates the home hasn’t been recently updated or expanded compared to some neighbours. It’s not a red flag—just a sign that the price reflects a more original or modest condition, which could be an opportunity for a buyer willing to invest in upgrades.

3. How does the living space compare to other homes in Winnipeg?
At 1,376 square feet, it’s right around the citywide average for comparable homes (1,342 square feet). It’s slightly below the Whyte Ridge average of 1,666 square feet, so it’s not a large home for this neighbourhood, but it’s typical for the city overall.

4. What year was the home built, and how does that affect maintenance?
Built in 1992, it’s newer than about 79% of homes citywide—so it’s not an old house by Winnipeg standards. However, it’s now over 30 years old, meaning major systems like the roof, furnace, and windows may be approaching or past their expected lifespan depending on when they were last replaced. A home inspection would be wise to check these.

5. Does the home have any standout features that aren’t listed in the rankings?
The rankings only cover four metrics: land area, living area, year built, and assessed value. They don’t reflect interior finishes, layout, or updates. Given the below-average assessed value in the neighbourhood, it’s possible the home is more original or has simpler features compared to pricier neighbours. The big lot, however, is a clear standout—and that’s not something you can easily change.