20 Marygrove Crescent – Property Summary

Key Characteristics & Buyer Profile

This is a 1,220 sqft home built in 1990 on a 4,827 sqft lot in Whyte Ridge, Winnipeg. What stands out is the mismatch between value and size: its assessed value ($488k) ranks well above average on the street (top 23%) and citywide (top 22%), while its living area is below average both locally and in the neighbourhood. In plain terms, you’re paying for a lot and location more than square footage—the land itself ranks in the top 20% on Marygrove Crescent, and the house is newer than most homes across Winnipeg (top 22% citywide for year built). The neighbourhood average for living area is notably larger (1,666 sqft), so this home is on the smaller side for Whyte Ridge but holds its value.

The appeal here is efficiency and relative affordability within a higher-value area. A buyer gets a solidly built, late-20th-century home on a generous lot without paying for excess space they may not need. It suits someone who prioritizes land, a good address, and a newer build over open floor plans or large rooms—empty nesters, couples, or small families who want Whyte Ridge without the typical price tag for a 1,600 sqft house. It’s also a practical fit for buyers who see the lot as a long-term asset (e.g., future renovation or extension).

Five Possible FAQs

1. The living area is below average for Whyte Ridge—does that hurt resale value?
Not necessarily. The assessed value is above average on the street and citywide, which suggests the market already prices in the smaller footprint. In a neighbourhood with many larger homes, a smaller, well-maintained house can appeal to buyers who want the area without the premium for extra space. Resale depends on how the home compares to others listed at the time, not just averages.

2. Is the land area actually usable, or does it include odd shapes?
At 4,827 sqft, the lot is above average for the street but below the Whyte Ridge average (6,175 sqft). It’s a fairly standard suburban size for the era—big enough for a decent yard and likely a single garage and driveway. Unless the property detail shows irregular boundaries, you can expect a typical rectangular lot that offers outdoor space without the maintenance of a larger property.

3. How does the assessed value compare to recent sale prices in Whyte Ridge?
Assessed value ($488k) is a starting point, not a sale price. On this street, it’s above the average assessment ($476.3k), but neighbourhood average is higher ($529.6k). Current market conditions—supply, demand, and condition of this specific home—will determine final price. Always look at recent sales on Marygrove Crescent for a realistic range.

4. Why is the home ranked “top 22% citywide” for year built but only average on its street?
The citywide average year built for comparable homes is 1966, so a 1990 home is significantly newer than much of Winnipeg’s housing stock. On Marygrove Crescent and in Whyte Ridge, most homes are from the late 1980s to early 1990s, making this house right in the middle of its immediate neighbours. It’s new compared to the city, but not new compared to the street.

5. What does the red/blue/amber/gray color coding on the rankings mean?
It signals performance tiers: usually red for top tier, blue for above average, amber for around average, and gray for below average. In this property’s data, the land area and assessed value show as stronger tiers locally, while living area shows weaker—helping you quickly see where the home stands out and where it falls short relative to peers.