Property Overview: 103 Cedargrove Crescent
Key Characteristics & Appeal
This is a compact, single-family home in Winnipeg's Mission Gardens neighborhood, built in 1986. Its key characteristic is its modest scale: at 680 sqft of living space on a 3,298 sqft lot, it is notably smaller than most comparable homes on its street, in the area, and across the city. The assessed value is proportionally lower, sitting below average for the immediate vicinity but around the city-wide average when compared to all properties.
The primary appeal lies in its efficiency and affordability within the housing market. It represents a lower-entry price point for a detached home, potentially offering lower property taxes and utility costs due to its size. It would suit first-time buyers, downsizers, or investors seeking a manageable property with minimal upkeep. A thoughtful perspective is that its smaller footprint and newer construction date (relative to many city homes) could align well with a minimalist lifestyle or serve as a strategic, lower-cost holding in a established neighborhood.
Frequently Asked Questions
1. Why is the living area so much smaller than nearby homes?
This home is among the smallest on the street and in the neighborhood. It may have been designed as a compact bungalow or could be a property where the layout or original build prioritized a smaller, more efficient footprint.
2. What does the assessed value tell me about the listing price?
The assessed value for tax purposes is $30,400, which is a baseline for municipal taxation, not a market price. The last known sale was between $250k-$300k in 2020. The listing price will be set based on current market conditions, which can differ significantly from the assessed value.
3. Is the smaller lot size a disadvantage?
While the lot is below average in size for the area, it requires less maintenance. This can be an advantage for those who prefer less yard work or wish to focus on low-maintenance landscaping.
4. How does the 1986 build year compare?
Built in 1986, this home is newer than the Winnipeg city-wide average. On its own street, it ranks among the newer homes. This can suggest updated building standards for its time and potentially fewer immediate major renovation needs compared to much older homes.
5. Where can I see more detailed comparisons with neighboring properties?
You can use the provided link to open the neighbourhood analysis page, which displays an interactive map to visually compare this property with nearby homes based on year built, living area, assessed value, and lot size.