163 Marygrove Crescent – Property Summary

Key Characteristics & Buyer Profile

This 1,268 sqft home, built in 1992 on a 4,200 sqft lot, sits in Winnipeg’s Whyte Ridge neighborhood. Its standout feature is assessed value: at $513,000, it ranks in the top 5% on Marygrove Crescent and top 18% citywide. The living area is close to street and city averages, but smaller than the neighborhood norm of 1,666 sqft. The lot is notably modest for Whyte Ridge—ranking in the bottom 7% locally—and slightly below citywide averages. Year built is a strength; the home is newer than 79% of comparable homes citywide, where the median is 1966.

Where the appeal lies: The property offers above-average value density—more house per dollar of assessed value than most neighbors, given its high value ranking and average interior size. The combination of a prime street ranking for value and a newer build suggests strong curb appeal and lower immediate maintenance concerns for a 1990s home. However, the smaller lot means less outdoor space, which may deter buyers wanting a large yard.

Who it suits: Buyers who prioritize location and move-in readiness over land area. This includes young families seeking a solid, modern-era home in a well-regarded neighborhood without the premium for a big lot, or downsizers looking for manageable outdoor upkeep. It may also appeal to value-conscious buyers who see the high assessed value relative to size as a sign of strong neighborhood desirability or recent upgrades.

Five Frequently Asked Questions

1. How does this property’s lot size affect its value?
   The 4,200 sqft lot is well below Whyte Ridge averages (6,175 sqft) but near street-level norms. A smaller lot often means less maintenance and a lower purchase price per square foot of land. However, in a neighborhood where large lots are common, resale appeal to buyers seeking a typical family yard may be limited.

2. Is the assessed value likely to increase?
   The home sits in the top 5% on its street but only middle of the pack within the broader neighborhood. That gap suggests the property's value is being driven by specific conditions—perhaps a recent renovation, a desirable location within the street, or local market quirks. Future appreciation may depend more on street-level dynamics than neighborhood-wide trends.

3. How do the rankings work, and what do the bar colors mean?
   Rankings compare the property to “comparable homes” (similar type, likely single-family detached) within each scope. For example, being #5 out of 104 on Marygrove Crescent means only four comparable homes on the street have a higher assessed value. Bar fill length shows what share of peers the home outperforms; colors (red, blue, amber, gray) indicate performance tiers—darker colors typically represent stronger rankings.

4. Why is the living area smaller than the neighborhood average?
   Whyte Ridge has a high concentration of larger homes built in the 1990s–2000s, so the neighborhood average skews upward. This property is closer to citywide norms, which may reflect a more efficient floor plan or a mid-range model. Buyers should check actual layout photos or floor plans to see if the space is well-used.

5. Does the land area ranking matter for insurance or property tax?
   Not directly, but land area is a factor in municipal property tax assessments. A smaller lot can mean lower land-value proportion in the tax calculation, though the high total assessed value suggests the structure itself is weighted heavily. Insurance is primarily based on replacement cost of the building, not lot size.