59 Marygrove Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 1,222-square-foot home built in 1992 on a 4,661-square-foot lot in Whyte Ridge, Winnipeg. Its standout feature is its assessed value: at $481,000, it ranks in the top 23% citywide, which is notably strong for its size. The living area is slightly below the neighbourhood average (1,666 sqft) but right around the citywide average for comparable homes. The lot is smaller than typical for Whyte Ridge (where the average is 6,175 sqft), though it’s not unusual for the street itself.
The appeal here is value positioning. The home offers a relatively high assessment per square foot compared to others in the area, which could indicate good condition, desirable finishes, or a location that’s appreciated over time. It’s not the largest home on the block—it ranks in the bottom half for living space citywide—but it’s priced above many larger homes across Winnipeg. That suggests a buyer who’s prioritizing quality and location over raw square footage. The year built is among the newest on the street (top 8%), so the home is likely in good shape for its age without being brand-new.
Best suited for: A buyer who wants a solid, well-assessed home in a mature suburban area, doesn’t need maximum square footage, and is comfortable with a smaller lot—ideal for couples, downsizers, or small families who value condition and neighbourhood stability over expansion potential.
Frequently Asked Questions
1. How does this home compare to others on Marygrove Crescent?
It’s around average for living area and land area, but it ranks well above average for assessed value (top 39%) and year built (top 8%). So it’s not the biggest or the smallest, but it’s one of the newer homes and carries a higher value relative to its size.
2. Is the lot size a concern?
It depends on your expectations. At 4,661 sqft, it’s typical for the street but smaller than the Whyte Ridge average. If you’re looking for a large yard for gardening or expansion, this lot will feel tight. If you prefer lower maintenance, it’s a good fit.
3. Why is the assessed value high for a home with below-average living area?
Assessed value reflects more than just square footage—it accounts for condition, location, finishes, and market trends. This home’s strong citywide ranking (top 23%) suggests it’s been well-maintained or updated, or that its location on Marygrove carries a premium.
4. How does the 1992 build hold up compared to newer homes?
The home is newer than roughly 80% of comparable homes across Winnipeg (average build year is 1966). In Whyte Ridge specifically, it’s around the median. Homes from the early ’90s are generally solid builds, but you’ll want to check for updates to windows, roofing, and mechanicals, as those are common refresh points.
5. What’s the neighbourhood like for resale value?
Whyte Ridge is a well-established area, and this property’s assessment already outperforms many in the city. The street-level ranking (top 39%) is decent, but the neighbourhood ranking (top 76%) is lower—meaning there are higher-value homes nearby. For resale, it’s a stable investment, but don’t expect rapid appreciation unless the area sees new development or upgrades.