Property Overview

Key Characteristics and Appeal

This is a two-storey home built in 2007 with 1,901 square feet of living space on a 4,678-square-foot lot, located on Marydale Place in the Rivergrove area of Winnipeg. The property ranks well above average citywide for living area (top 13%) and assessed value (top 11%), though the lot size is roughly average for the street and smaller than most in the surrounding area. The home appears to be a newer build relative to the neighbourhood, which tends to have older housing stock.

The appeal here is practical: you get a reasonably modern layout and finishes without the premium of a brand-new development, and the location offers established streets, mature trees, and proximity to the Red River corridor. The above-average square footage suggests room for a family or someone who works from home, but the modest lot means less outdoor upkeep. This is not an estate-sized property—it’s a comfortable, well-positioned house for someone who prioritizes interior space and location over land.

This property would suit buyers looking for a move-in-ready home in a stable, mid-to-high-value residential area. It’s a good match for families, couples, or professionals who want a newer home in an older, character-rich neighbourhood without paying for a full renovation project. It may be less ideal for buyers seeking a large yard, privacy from neighbours, or a fixer-upper with upside potential.

Frequently Asked Questions

1. How does the living space compare to typical Winnipeg homes?
This home is significantly larger than average—1,901 sqft puts it in the top 13% citywide. It’s also above the averages for both its street and the Rivergrove area, so you’re getting more interior room than most nearby properties.

2. Is the assessed value a good indicator of market price?
It’s a useful benchmark, not a guarantee. The assessed value of $566,000 ranks in the top 11% citywide, which suggests this is a higher-end property in its segment. Market conditions, recent renovations, and buyer competition will influence final sale price beyond the assessment.

3. Why is the lot size considered “around average” but also ranks low?
The property sits on 4,678 sqft, which is close to the street average, but the Rivergrove area overall has larger lots. So while you’re not undersized compared to your immediate neighbours, you are smaller than the neighbourhood norm. This is common on newer infill lots in established areas.

4. What is the neighbourhood like for families or daily living?
Rivergrove is a well-established area with a mix of older and newer homes, close to the Red River, parks, and schools. It’s not a high-traffic or commercial zone—mostly quiet residential streets. The 2007 build means the house is young enough to have modern systems but old enough that any initial construction issues should have been resolved.

5. Could this property be a good investment?
It occupies a strong position: a newer home in a desirable older neighbourhood, with above-average size and assessed value. The modest lot limits future expansion or subdivision potential, but the property itself is likely to hold value well compared to older homes that may need major updates. It’s a solid choice for stable appreciation rather than speculative growth.