115 Marygrove Crescent – Property Summary

Key Characteristics & Buyer Profile

This is a 1,238 sq. ft. home built in 1990 on a 4,407 sq. ft. lot in Winnipeg’s Whyte Ridge neighbourhood. What stands out is its assessed value: at $474,000, it’s slightly below the street average but well above the citywide median—ranking in the top 24% city-wide. That suggests the property carries more value relative to other homes in Winnipeg, even if it’s modest compared to newer or larger homes in its immediate neighbourhood.

The appeal lies in balance. It’s not the biggest or newest house on the block, but it avoids extremes: living area and lot size sit around average for the street, and the year built is close to the neighbourhood norm. Where it punches above its weight is in assessed value city-wide, which may point to good bones, a solid location, or intangible desirability that isn't captured by square footage alone.

Who it suits: A buyer who wants to be in a well-established, mid-tier neighbourhood like Whyte Ridge but doesn't need maximum space or a recently built home. It’s a good fit for someone who values long-term value stability over flash—perhaps a young family, downsizers, or an investor looking for a property with strong city-wide valuation relative to price. The modest lot and living area mean lower maintenance, which appeals to buyers who prefer practicality over prestige.

Possible FAQs

1. How does this home’s assessed value compare to others in Winnipeg?
It ranks in the top 24% city-wide among comparable homes, well above the city average of $390,100. On its own street, it’s slightly below the $476,300 average, meaning it’s a strong value relative to the wider market but not overpriced for the immediate area.

2. Is the living area considered small for Whyte Ridge?
Yes—it ranks in the bottom 14% of the neighbourhood (top 86% out of 2,382). The neighbourhood average is 1,666 sq. ft., so this home is about 25% smaller. It’s on par with the street average, though, so it’s typical for Marygrove Crescent itself.

3. How old is the house, and does that matter?
Built in 1990, which is close to the street and neighbourhood averages (1991 and 1994). City-wide, it’s considered newer—ranking in the top 22%—because Winnipeg has many older homes from the 1960s. The age is a plus for buyers who want a well-established home without major historical quirks.

4. What about the lot size? Is it small for the area?
The lot is 4,407 sq. ft., which is below the Whyte Ridge average of 6,175 sq. ft. (top 87%—smaller than most). On its street, it’s about average. This is a key detail for buyers who value yard space: the lot is compact, even by neighbourhood standards.

5. Why is the assessed value high city-wide but low in the neighbourhood?
Because Whyte Ridge has a higher-than-average home value compared to the rest of Winnipeg. The neighbourhood averages $529,600, so this home looks modest locally. But relative to the city at large, $474,000 is strong—ranking in the top 24%—meaning you’re getting a home that holds its value well in a more expensive pocket of Winnipeg.