224 Marygrove Crescent

224 Marygrove Crescent – Property Summary

Key Characteristics & Buyer Profile

This is a 1,238 sqft home built in 1990 on a 4,200 sqft lot in Whyte Ridge, Winnipeg. Its assessed value is $485,000.

Where the appeal lies: The property performs well in two areas that matter most to buyers. Its assessed value is above average both on its street (top 29%) and citywide (top 22%), suggesting it holds value relative to other homes in Winnipeg. The year built also stands out citywide—top 22%—meaning it’s newer than a large majority of homes across the city, which could mean fewer major replacements in the near term. The living area and lot size, however, are below neighborhood averages. This is a home that offers good value and newer construction, not generous square footage or a large yard.

What type of buyer it suits: Someone who prioritizes a solid, well-valued home in an established neighborhood over having maximum space. It’s a logical fit for a first-time buyer, a downsizer, or anyone looking for a move-in-ready property without paying a premium for extra rooms or a big lot. The modest land area might also appeal to someone who wants less yard maintenance. It would be less suitable for a family needing a large lot or a buyer who expects above-average living space for the area.

Five Possible FAQs

1. How does the assessed value compare to the neighborhood average?
   The home’s assessed value ($485,000) is below the Whyte Ridge neighborhood average of $529,600 (top 73%). But it’s above average on its own street and well above the citywide average, meaning it’s priced competitively within its immediate context.

2. Is the lot size considered small?
   Yes, relative to the neighborhood. At 4,200 sqft, it ranks in the bottom 7% in Whyte Ridge, where the average lot is 6,175 sqft. Citywide, it’s also below average. This is one of the property’s more notable trade-offs.

3. When was the home built, and does that matter?
   Built in 1990, which is around average for the street and neighborhood, but significantly newer than the citywide average of 1966. That puts it well past the age where things like aluminum wiring or aging galvanized plumbing are common concerns.

4. Is the living space below average for the area?
   It is. At 1,238 sqft, it’s below the Whyte Ridge neighborhood average of 1,666 sqft and ranks in the bottom 14% locally. On its own street, however, it’s close to the average of 1,312 sqft.

5. How does this home rank compared to others in Winnipeg overall?
   Citywide, this home ranks in the top 22% for newer construction and the top 22% for assessed value. Living area and lot size are both below average citywide, but less dramatically so than within Whyte Ridge itself.