140 Marygrove Crescent

140 Marygrove Crescent – Property Summary

Key Characteristics & Buyer Fit

This is a 1,228 sqft home built in 1993 on a 5,353 sqft lot in Whyte Ridge, Winnipeg. The property’s main strength is its age and lot size within the immediate street context. It ranks in the top 5% on Marygrove Crescent for year built (1993 vs. a street average of 1991), and in the top 15% for land area (5,353 sqft vs. a street average of 4,732 sqft). These are the standout metrics.

Where the property is less competitive is in living area and assessed value relative to the broader Whyte Ridge neighborhood. It ranks in the bottom 23% for living area and bottom 23% for assessed value within the neighborhood, meaning it’s smaller and more affordable than many nearby homes. Citywide, it sits near the middle for living area but in the top 23% for assessed value ($480K vs. a citywide average of $390K)—indicating decent equity relative to the wider market.

The appeal is primarily for buyers who value a newer (early-90s) home on a larger-than-average lot on a quiet street, without paying for the larger square footage or higher price tags common in Whyte Ridge. It’s a good fit for someone who wants a solid, well-maintained house in a family-oriented neighborhood but is willing to accept a smaller floor plan in exchange for a bigger yard and a lower price than neighbors. It could also suit buyers who plan to renovate or expand, given the lot size advantage on its street.

The property is less suited for buyers who need maximum square footage or want a house that competes at the top of the neighborhood for size or value.

Five Possible FAQs

1. How does the assessed value compare to what I’d actually pay?
   The city assessed value is $480K. That’s above the street average ($476K) but below the Whyte Ridge average ($530K). It ranks in the top 23% citywide, meaning it’s priced higher than most Winnipeg homes. However, assessed value isn’t the same as market value—it’s a baseline. Actual sale price depends on condition, upgrades, and demand at time of listing.

2. Is the living area a concern for resale value?
   It could be, depending on the buyer pool. The home’s 1,228 sqft is around average for the street but well below the Whyte Ridge average of 1,666 sqft. If you’re buying with resale in mind, know that larger homes in the neighborhood tend to command higher prices. That said, the lot size is a compensating factor—buyers who want yard space may accept a smaller interior.

3. What does “Top 5% on the street for year built” really mean?
   It means this home is newer than 95% of the houses on Marygrove Crescent. Most homes there were built around 1991 or earlier, so this is a relatively recent build for the street. A newer home typically means fewer major systems (roof, furnace, windows) will need immediate replacement, though specific condition varies.

4. How does the lot size compare to other Whyte Ridge homes?
   The 5,353 sqft lot is above average on the street (top 15%) but below the neighborhood average of 6,175 sqft. So it’s a decent-sized yard for the immediate area, but if you compare it to Whyte Ridge as a whole, it’s closer to the middle. It’s not a huge lot, but it’s more generous than most houses directly nearby.

5. Why is the neighborhood ranking for assessed value so much lower than the citywide ranking?
   Because Whyte Ridge is an above-average-priced neighborhood. The home ranks in the bottom quarter of that area (top 77%) because many neighbors are valued higher. But citywide, $480K puts it in the top 23% of all Winnipeg homes. This simply means the house is affordable relative to its own neighborhood, but expensive relative to the city at large.