Property Overview: 159 Cedargrove Crescent, Mission Gardens, Winnipeg
This 1,499 sqft bungalow, built in 1986 on a 5,547 sqft lot, presents a compelling opportunity in the Mission Gardens neighbourhood. Its primary appeal lies in its strong relative standing within its immediate area. The home is notably above average for its street and neighbourhood in terms of living space, ranking in the top 7% and 16% respectively. It also offers a larger-than-average lot for Cedargrove Crescent. With an assessed value of $390,000, it sits above the street average but aligns with the broader area and city benchmarks. The property last sold between $350k-$400k in 2021. This profile suggests a home that offers more interior space and land than many of its closest neighbours, potentially providing good value within its community context.
This home would suit buyers looking for a well-sized bungalow in an established neighbourhood, particularly those who value space relative to the immediate area. It’s a practical choice for small families, downsizers, or first-time buyers seeking a home that stands out in its local market without a premium city-wide price tag. A thoughtful perspective is that while its specs are average city-wide, its local dominance in key areas like living space could contribute to stronger neighbourhood appeal and stability.
Frequently Asked Questions
1. How does this home really compare to others nearby?
The data shows it outperforms most homes on its own street and in Mission Gardens for living area and lot size. It offers significantly more interior space (1,499 sqft) than the street average (~1,020 sqft), making it a spacious option in its direct vicinity.
2. What does the assessed value tell us?
The $390,000 assessment is above the average for Cedargrove Crescent but aligns with the wider neighbourhood and city averages. This suggests the property is valued consistently with the broader market, while its physical attributes may offer more relative to its immediate neighbours.
3. The home was built in 1986. What should I consider?
A home of this age is likely to have seen updates. While systems like roof, windows, and HVAC may be at or beyond their typical lifespan, this era of construction often offers good room sizes and layout. A thorough inspection is key to budgeting for any modernizations or maintenance.
4. The lot is noted as larger than the street average. What's the benefit?
At 5,547 sqft, the lot provides more outdoor space than most on the block (avg. ~4,625 sqft). This allows for greater privacy, gardening potential, or expansion possibilities like a shed or deck, which can be a rarity in established neighbourhoods.
5. How is the sold price history used?
The 2021 sale range ($350k-$400k) provides a recent market benchmark. Comparing it to the current assessed value helps gauge market movement. For the exact sold price, you can request it via email from the listing service for precise historical analysis.