Property Overview: 123 Cedargrove Crescent, Winnipeg
Key Characteristics & Appeal
This home at 123 Cedargrove Crescent in Mission Gardens presents a practical and straightforward opportunity. Built in 1987, it is notably the newest home on its street, which may suggest updated core systems compared to older neighbours. With 871 sqft of living space, the house is compact, ranking below the average size for its immediate area and the wider city. This positions it as a more manageable, lower-maintenance footprint. The lot size of 4,133 sqft is fairly typical for the street but smaller than many lots in the broader neighbourhood.
Its primary appeal lies in its efficiency and established location. The assessed value is consistently around the average mark at every comparison level—street, neighbourhood, and city—indicating a stable, mid-market valuation without premium pricing. Recent sale history shows it traded within the $250k-$300k range in both 2016 and 2020. This profile suits first-time buyers seeking an entry point into a mature area, downsizers looking to reduce space and upkeep, or investors interested in a property with steady, unassuming value in a long-established community.
A less obvious perspective is that its "newest on the block" status could be a double-edged sword; while potentially beneficial for components like wiring or plumbing, it may also mean less character or renovation potential compared to older homes on the street. Its consistent, average valuation across metrics suggests it is a property that closely follows market norms rather than standing out.
Frequently Asked Questions
1. Is this a good value for the price?
The data suggests it is priced squarely in line with the market. Its assessed value and past sale prices consistently rank around the middle of the pack compared to similar homes on its street, in Mission Gardens, and across Winnipeg, indicating neither a bargain nor a premium.
2. Who would this home suit best?
The below-average living space and manageable lot size make it ideal for individuals, couples, or small families who prioritize low maintenance. It’s a practical choice for first-time buyers or those downsizing who want an established neighbourhood without a large footprint.
3. What does being the "newest" house on the street mean?
Built in 1987, it is the most recently constructed home among the 72 on Cedargrove Crescent. This could imply newer major systems (like electrical or plumbing) than neighbours, potentially reducing immediate repair costs, though a specific inspection is needed to confirm the condition.
4. How does the lot size compare?
At just over 4,000 sqft, the lot is slightly below the average for the Mission Gardens area. It provides a decent outdoor space but may offer less privacy or room for expansion than larger lots in the neighbourhood.
5. Where can I see more detailed comparisons with nearby homes?
You can use the provided link to open a neighbourhood map analysis. This tool allows you to visually compare this property with nearby houses based on year built, living area, assessed value, and lot size.