Property Overview
19 Cartesian Gate is a modern, two-storey home in Winnipeg's Leila North neighbourhood. Built in 2020, it offers over 2,100 square feet of living space and sits on a standard-sized lot just under 5,000 square feet. The home features an attached garage and an unfinished basement. Its standout characteristic is its value proposition: the assessed value ranks in the top 5% city-wide, suggesting a highly desirable property relative to its market. This appeal is rooted in its combination of newer construction, above-average living space for the area, and a premium valuation that outpaces most homes in Winnipeg. It would suit buyers looking for a move-in ready, modern home who appreciate a property with strong comparative metrics, potentially indicating good long-term value retention or a desirable location within the community.
Frequently Asked Questions
What does the "Top 5%" city-wide assessment ranking actually mean?
This indicates the home's official assessed value is higher than approximately 95% of all comparable homes across Winnipeg. It generally reflects a combination of the home's attributes, its condition, and the desirability of its specific location, not just the neighbourhood.
Is the unfinished basement a drawback or an opportunity?
For some, it's a chance to customize the space to their exact needs without needing to undo previous renovations. For others, it represents an immediate project and additional cost. It's a key factor to weigh against the home's otherwise modern and move-in ready state.
The home is newer (2020), but how does it fit into the established Leila North area?
The data shows several homes on Cartesian Gate were built around the same time, suggesting this is likely part of a newer infill or subdivision phase within the mature neighbourhood. This offers modern amenities while being part of an established community.
How should I interpret the sold price history from 2020?
The sale from June 2020 (in the $515k-$545k range) reflects the market conditions at the time of its initial sale, likely from the builder. The current assessed value of $667k provides a more recent, but not market, valuation for comparison with today's prices.
Are the property taxes likely to be high given the assessment?
While the assessed value is a primary factor in calculating property taxes, the actual tax amount also depends on the annual municipal mill rate. Given the high assessment, prospective buyers should budget for correspondingly higher property taxes compared to a home with an average city assessment.