Property Overview: 194 Cedargrove Crescent
Key Characteristics & Appeal
This home at 194 Cedargrove Crescent in Mission Gardens is a well-situated property that represents a solid, middle-of-the-road opportunity in the Winnipeg market. Built in 1986, it is notably newer than many city-wide comparables, which may suggest updated building standards and potentially fewer major age-related concerns than older stock. With 1,005 sqft of living space and a 4,822 sqft lot, its size is comfortably average for its immediate street and neighbourhood, offering practical space without premium square footage.
The primary appeal lies in its stability and alignment with local norms. Its assessed value is consistently around the median mark at every comparison level—street, neighbourhood, and city—indicating it is fairly priced within the market context and not an outlier. This makes it a predictable and lower-risk consideration. The home would suit first-time buyers seeking an entry point into a established neighbourhood, or practical investors looking for a straightforward rental property without extreme values. It’s a home for those prioritizing location and community fit over standout size or luxury features.
Frequently Asked Questions
1. Is this home a good value compared to its neighbours?
The data shows its assessed value and living area are consistently around the average for Cedargrove Crescent and the wider Mission Gardens area. This suggests it is priced in line with the market, not under or overvalued relative to immediate comparables.
2. What does the year built (1986) imply for maintenance?
At 40 years old, this home is newer than the Winnipeg city-wide average. While it will still require upkeep common to houses of this age (like roof or window replacements), it may have benefited from more modern construction codes than much older homes.
3. How does the lot size compare?
The lot is just under 5,000 sqft, which is typical for the street but smaller than the city-wide average. This means outdoor space is adequate for a garden or deck, but may not suit those seeking extensive yard space.
4. Why is the city-wide living area ranking lower?
The home’s living area is below the city-wide average simply because many houses across Winnipeg are larger. This is common for established neighbourhoods with older, modest-sized homes and doesn’t reflect on the property’s suitability for the area.
5. How can I find out the exact historical sale price?
The listed sale price ranges are based on public data. To obtain the precise sale price from its last transaction, you can use the email request service provided on the listing page for a manual, prompt reply.