125 Ramona Gallos Way

Key Characteristics & Buyer Profile

This property at 125 Ramona Gallos Way is a newer home—built around 2017, which is significantly more recent than the Winnipeg average of 1966. Its living area is roughly 1,855 square feet. The lot measures 4,992 square feet, which is slightly smaller than the citywide average but notably larger than many others within its own Leila North community.

The property’s main appeal is its position on a strong, likely quiet street. Within its immediate street ranking, it holds top marks for assessed value and land size. However, the broader picture is more practical: the assessed value (around $144,000) falls well below the Leila North median of $568,000 and the city median of $390,000. This suggests a lower tax burden and a price point that doesn't stretch into the upper tier of the area.

This would suit a buyer who values a newer, move-in-ready home on a solid lot in a suburban setting, but who is working within a more modest budget relative to the neighborhood. It’s a good fit for someone who prioritizes a newer build over maximum square footage or acre-sized land, or for an investor looking for a property with lower holding costs. The disconnect between the favorable street ranking and the less favorable community assessment is the key detail here: you get a newer home without paying the premium for the neighborhood's pricier comps.

Frequently Asked Questions

1. Why is the assessed value so much lower than the neighborhood average?
The property’s assessed value of $144,000 is based on the city’s standardized model, which considers factors like finished living area, lot size, and condition. The Leila North average of $568,000 likely includes larger, older custom homes or properties with more total finished space. This home is newer but smaller in footprint and lot size than the typical high-value property in that area.

2. How does the lot size affect the home's practicality?
At just under 5,000 square feet, the lot is above average for the immediate street but slightly below the typical city lot. It’s large enough for a standard yard, garden, or small playset, but not spacious enough for a large workshop or an oversized garage. It’s a suburban lot designed for manageable upkeep.

3. What does "no ranking data" mean for living area and build year?
For the street and community rankings, some data points (like living area and build year) were "not ranked" because there were fewer than a few comparable properties on the same street to create a meaningful percentile. The citywide rank confirms the home is larger than average (1,855 sq. ft. vs. 1,342 sq. ft. city median) and much newer.

4. What is the primary risk or trade-off of this property?
The main trade-off is that you are buying into a community with a higher median value than this specific home commands. Resale potential could be capped by the lot and home size relative to neighboring properties. You are not buying the most desirable house in the area on paper, which may limit long-term appreciation compared to a home that sits in the top 25% of its community.

5. What is the "Open Surrounding Map" option used for?
That link opens an interactive map that lets you visually compare this property’s land size, build year, assessed value, and square footage against surrounding detached homes. It’s a way to see how the numbers line up on a block-by-block basis, which is useful for confirming whether the nearby comparables are genuinely larger, newer, or more expensive than this house.