184 Marygrove Crescent – Property Summary
Key Characteristics & Buyer Fit
This 1,238-square-foot home, built in 1990, sits on a 4,200-square-foot lot in Whyte Ridge, Winnipeg. Its assessed value is $481,000. Compared to homes on the same street, the living area and land size are around average, and the assessed value sits slightly above the street median. Against the broader Whyte Ridge neighborhood, however, the property is below average in both living area and land size, and its assessed value trails the neighborhood average of $529,600. Citywide, the home ranks well above average for assessed value (top 23%) and year built (top 22%), meaning it is newer and valued higher than most comparable homes across Winnipeg.
Where this property stands out is in value and age, not in size. The land is noticeably smaller than the neighborhood norm, and the living area is slightly below the Whyte Ridge average. This suggests the property may appeal to buyers who prioritize a newer home with strong assessed value—and are willing to trade lot size or interior square footage. It likely suits first-time buyers looking for a reasonably priced, modern home in a established neighborhood, or downsizers who want a newer layout without a large yard to maintain. Investors might also find the citywide valuation ranking appealing for resale potential, though the smaller lot may limit future expansion or redevelopment.
Five Possible FAQs
1. How does the assessed value compare to similar homes in Winnipeg?
The $481,000 assessed value puts this home in the top 23% citywide, well above the Winnipeg average of $390,100 for comparable homes. On its own street, it ranks in the top 39%, so it’s slightly above the local median but not the highest on the block.
2. Is the lot size a concern?
At 4,200 square feet, the lot is smaller than the Whyte Ridge average of 6,175 square feet. If you’re looking for a large backyard or space for additions, this may feel tight. But for those who prefer less yard work or live in a neighborhood where smaller lots are common, it may be a non-issue.
3. When was the home built, and is that considered old or new for the area?
Built in 1990, the home is around the median for its street and neighborhood, where the average build year is 1991 and 1994, respectively. Citywide, it’s newer than about 78% of comparable homes, so it’s relatively modern by Winnipeg standards.
4. How does the living area compare to other homes on the same street?
The 1,238 square feet is slightly below the street average of 1,312 square feet, but still within a typical range. It ranks in the top 51% on Marygrove Crescent, meaning it’s not unusually small for the street.
5. What type of buyer would this property best suit?
Given its smaller lot and living area relative to the neighborhood, but strong assessed value and newer construction citywide, it fits buyers who value condition and location over raw space. Think couples, small families, or older adults who don’t need a big yard but want a home that holds its value well.