243 Marygrove Crescent – Property Summary
Key Characteristics & Buyer Profile
This 1992 bungalow in Whyte Ridge offers 1,158 square feet of living space on a 5,048-square-foot lot. Its assessed value is $475,000. The property stands out most for its age: it’s among the newest homes on its street (top 8%) and citywide relative to comparable properties (top 21%). The lot is also larger than average for the immediate street (top 19%), though it sits below the neighbourhood average for land size—meaning you get a decent yard compared to direct neighbours, but not the generous lots found elsewhere in Whyte Ridge.
Where it’s less competitive is living area. At 1,158 square feet, it’s smaller than the typical home on the street and in the neighbourhood. The value—$475,000—is close to the street average but below the broader Whyte Ridge average. Citywide, however, it ranks in the top quarter for assessed value, reflecting the premium attached to the area.
The appeal lies in getting a newer home in an established neighbourhood, on a good-sized lot, without paying top-of-market prices. The trade-off is less interior square footage—something a buyer willing to renovate or work with a compact floorplan could turn into an advantage. This property would suit a first-time buyer looking for a solid single-family home in a respected area, or a downsizer who values a manageable interior and a good yard over square footage. It’s less ideal for someone set on a large open-concept layout or a full acreage-like lot.
Frequently Asked Questions
1. How does the home’s size compare to others in Whyte Ridge?
It’s below average. The typical home in the neighbourhood is around 1,666 square feet, so this one is about 30% smaller. On its own street, it’s also on the smaller side, ranking in the bottom 4% for living area.
2. Is the assessed value reasonable for what you get?
It’s essentially at the street average ($476,300) and well below the neighbourhood average ($529,600). Citywide, it’s in the top 24%, which suggests the property holds its value relative to older or less central homes. Whether it’s “reasonable” depends on how much you value the newer construction and lot size over having more interior space.
3. How old is the property, and does that matter?
Built in 1992, it’s one of the newest homes on its street (top 8%) and newer than most citywide comparables (average year built is 1966). That generally means fewer immediate major system replacements and modern construction standards, but it’s still over 30 years old—so routine maintenance and eventual updates to windows, roofing, or mechanicals should be expected.
4. What’s the lot actually like?
The land area is 5,048 square feet. It’s larger than most neighbouring lots on the street (top 19%), but smaller than the wider Whyte Ridge average of 6,175 square feet. So you’ll have a decent-sized yard for the street, but not a sprawling lot by neighbourhood standards. It’s a practical, not oversized, yard.
5. Who is this home not a good fit for?
Buyers who prioritize a large open floor plan or a massive lot will likely be disappointed. It also may not suit someone looking for a “move-in perfect” home without any updates, given the age. And if being in the most affordable tier of the neighbourhood is a priority, the $475,000 assessment means it’s not a bargain entry for Whyte Ridge—just a moderately priced option.