120 Marygrove Crescent – Property Summary

Key Characteristics & Buyer Fit

This 1992 home in Whyte Ridge offers 1,267 square feet of living space on a 5,784 square foot lot. The property stands out most sharply on its own street: it ranks in the top 8% for land area, top 8% for year built, and top 7% for assessed value among comparable homes on Marygrove Crescent. The assessed value of $503,000 is notably higher than the street average of $476,300.

The appeal here is less about raw square footage—which is close to average both on the street and citywide—and more about relative value and lot size. Buyers get a larger-than-typical parcel of land for the street, in a neighborhood where homes average 1,666 square feet (so this one is on the smaller side for Whyte Ridge but priced accordingly). Citywide, the home ranks in the top 19% for assessed value, which suggests it holds its ground compared to older Winnipeg stock (city average year built: 1966).

This property would suit buyers who prioritize a generous lot in an established suburban neighborhood over having the largest house on the block. It also fits those looking for a home that has held above-average assessed value relative to its street and the city—potentially indicating a well-maintained property or desirable location within the crescent. The 1992 build year means it’s newer than much of Winnipeg’s housing stock, which may appeal to buyers wanting fewer major system upgrades than a 1960s home might require.

Five Possible FAQs

1. How does the living space compare to similar homes nearby?
On Marygrove Crescent, the 1,267 square feet is around average (the street average is 1,312 sqft). But in the wider Whyte Ridge neighborhood, it’s below average—most nearby homes are closer to 1,666 sqft. So it’s more modest than the neighborhood norm, though the lot compensates.

2. Why is the assessed value higher than the street average?
The assessed value reflects factors beyond just square footage, including lot size, condition, and location within the street. This home’s larger-than-average lot (5,784 sqft vs. 4,732 sqft street average) and newer build relative to some neighbors likely contribute. Rankings show it’s in the top 7% of the street by value.

3. Is the lot size actually useful, or is it just on paper?
At nearly 5,800 square feet, the lot is bigger than most others on the crescent. Whether that translates to a usable yard depends on the home’s footprint and how the land is laid out—but the data suggests more outdoor space than what typical neighbors have.

4. How does the year built affect practical considerations?
Built in 1992, the home is newer than about 79% of Winnipeg’s housing stock. That means it likely has modern framing, electrical, and plumbing compared to older homes, but it’s not brand-new—so roofs, furnaces, and windows may be approaching 30+ years if not already replaced. Worth checking.

5. What kind of buyer typically looks at a property like this?
Often it’s someone who wants a suburban address in Whyte Ridge but isn’t looking for the largest floor plan—someone who values a good lot, a reasonable commute, and a home that doesn’t need immediate major renovations. It can also suit buyers priced out of bigger homes in the same neighborhood.