196 Marygrove Crescent — Property Summary
Key Characteristics & Ideal Buyer Profile
This is a 1992-built, 1,184-square-foot home on a 4,000-square-foot lot in Whyte Ridge, Winnipeg. Its standout feature is the year built: it ranks in the top 8% among homes on its street and top 21% citywide, meaning it’s one of the newer homes in an older-established area. The assessed value of $461,000 sits below both its street and neighbourhood averages, but above the citywide average—so you’re paying less than the typical home in Whyte Ridge, yet the property holds above-median value relative to Winnipeg as a whole.
Where the property falls short is space. The living area and land area are both below average for its street and neighbourhood. This isn’t a house for someone needing a large yard or extra square footage. The appeal lies in getting a newer-construction home in a mature, well-ranked neighbourhood (Whyte Ridge is top 10% locally for assessed value) without paying the premium that larger homes on bigger lots command. It would suit a buyer who prioritizes build date and location over footprint—first-time buyers looking for a solid, low-maintenance entry into a desirable area, or downsizers who want a newer home without the upkeep of a large lot.
Frequently Asked Questions
1. How does the living area affect daily use?
At 1,184 sqft, this is a compact home. It's below the street average (1,312 sqft) and the neighbourhood average (1,666 sqft), so rooms will feel tighter than many nearby properties. Think efficient layout, not open expanses. Fine for one or two people; tight for a family with multiple children.
2. Why is the assessed value lower than the neighbourhood average?
The $461k assessment is about $68k below the Whyte Ridge average. This likely reflects the smaller living area and lot size—not a hidden flaw. You’re getting into a premium neighbourhood at a lower entry cost, but with less space than the typical home there.
3. Is the small lot a problem?
The 4,000 sqft lot ranks in the bottom 1% for Whyte Ridge (average is 6,175 sqft). That means minimal yard for gardens, play areas, or expansion. If outdoor space matters, this isn’t the right house. If you want less mowing and maintenance, it’s a plus.
4. How does the 1992 build compare to other homes in Winnipeg?
Citywide, the average comparable home was built around 1966, so this house is about 26 years newer than typical. That often means better insulation, wiring, and windows—less immediate renovation need—but it’s not new construction. Expect a 30-year-old home with normal wear.
5. Who typically buys in this price range for Whyte Ridge?
Buyers who want the neighbourhood’s reputation, schools, and resale stability but can’t stretch to $500k+ homes. Often first-time buyers who plan to move up in five to ten years, or older owners who sold a larger family home and want a newer, smaller place without leaving the area.