This is a 1991-built home in Whyte Ridge, Winnipeg, with 1,222 sq. ft. of living space on a 4,812 sq. ft. lot. Its assessed value is $441,000. The property’s appeal is subtle rather than flashy. It performs well citywide for its age (top 22% newer than the city average of 1966) and assessed value (top 30% citywide, above the average of $390k). However, relative to its immediate street and neighbourhood, the living area, lot size, and assessed value all fall below local averages. The land is notably smaller than the typical Whyte Ridge lot (4,812 vs. 6,175 sq. ft. average), which may mean less yard maintenance but also less outdoor space. The appeal lies in getting a newer, well-valued home in an established area without paying a premium for the street’s top-tier comps. It would suit a buyer who prioritizes a solid citywide investment, a newer build compared to much of Winnipeg’s housing stock, and a manageable lot, over the bragging rights of an oversized property or the very highest local finishes.
-
How does this home’s size compare to others nearby?
The living area is roughly average for Marygrove Crescent but about 27% smaller than the typical Whyte Ridge home (1,666 sq. ft. average). The lot is also notably smaller than the neighbourhood norm, though similar to other homes on the same street.
-
Is the assessed value fair given the home’s condition?
While it ranks low on the street (top 95%) and in the neighbourhood (top 97%), it sits above the citywide average for comparable homes. The assessment likely reflects both the home’s modest size relative to its immediate area and its newer construction relative to the wider city.
-
What does “top 30% citywide” for assessed value actually mean in practice?
It means this home is valued higher than about 70% of comparable homes across Winnipeg, and its $441k assessment is about $51k above the citywide average. This suggests the property holds its value well compared to the broader market, even if it’s not a standout on its own street.
-
How old is the house, and is that a good thing?
Built in 1991, it’s newer than most homes citywide (average 1966) and matches the typical age on its street. The advantage is that major systems (roof, furnace, windows) are likely more modern than in older homes, though you should still confirm their age during a viewing.
-
Why is the assessed value low for its street but high citywide?
Marygrove Crescent has a higher average assessed value ($476k) than the city average ($390k), so a $441k home can be below the street average but still well above the city baseline. It’s a reflection of a relatively affluent or desirable street within a solid neighbourhood.