60 Marygrove Crescent — Property Summary
Key Characteristics & Buyer Profile
This is a 1,254 sqft single-family home built in 1992, sitting on a 4,827 sqft lot in Winnipeg’s Whyte Ridge neighbourhood. The property’s standout feature is its assessed value relative to the street and city. Ranked in the top 8% on Marygrove Crescent and top 20% citywide, it carries an assessed value of $501,000—well above the street average of $476,300 and the citywide average of $390,100. The year built also ranks in the top 8% on the street, meaning it’s newer than most nearby homes, though it’s roughly middle-of-the-pack within Whyte Ridge itself.
The living area is close to average for the street (which itself skews slightly smaller than the broader neighbourhood), and the lot size is above average on the street but below the Whyte Ridge norm. That suggests this home offers a relatively modern build and strong value retention on a street where lots tend to be smaller and values higher. The trade-off: you get less indoor space and a smaller yard than the neighbourhood average.
This property would suit a buyer who prioritizes a newer home in a well-established suburban area and wants strong equity positioning relative to the city. It may be less ideal for someone seeking maximum square footage or a large private lot. First-time buyers looking for a turnkey home in a stable neighbourhood, or downsizers who value a newer build over land area, would likely find it a good fit.
Five Possible FAQs
1. How does this home compare to others on Marygrove Crescent?
It ranks in the top 8% for both assessed value and year built, meaning it’s newer and valued higher than most homes on the same street. Living area and lot size are slightly above street averages but not outliers.
2. Is Whyte Ridge generally an expensive neighbourhood to buy in?
Yes, relative to Winnipeg. The neighbourhood average assessed value is $529,600—above this home’s $501,000 value. That places it slightly below the neighbourhood median, though still well above citywide averages.
3. The lot is smaller than the neighbourhood average. Is that a concern?
It depends on your needs. The lot is above average for the street itself (top 20%), but Whyte Ridge overall has larger lots. If you want more outdoor space, other homes in the area may offer more. If you prefer lower maintenance, this lot is reasonable.
4. How does the living space rank within Winnipeg?
It’s around average citywide (top 45%), so it’s neither cramped nor spacious by local standards. Within Whyte Ridge, it’s below average—the neighbourhood tends to have larger homes, averaging 1,666 sqft.
5. What’s the overall value story for this property?
The assessed value ranks strongly on the street and citywide, but it’s average within the neighbourhood. That suggests the home represents relatively good value for its street, but you’re paying a premium to be in Whyte Ridge itself. The newer build helps justify the price, especially compared to older homes elsewhere in the city.