Property Overview
This two-storey home at 217 Cartesian Gate in Winnipeg's Leila North area presents a compelling blend of modern build and generous space. Built in 2020, it offers nearly 2,000 sqft of living area and a standout feature: an exceptionally large lot of over 12,000 sqft, which ranks in the top 3% citywide. The home includes an attached garage and a basement, which is noted as not being renovated. Its assessed value of $610k positions it above average for its immediate street, neighborhood, and significantly above the Winnipeg average.
Its primary appeal lies in acquiring a relatively new home that avoids the potential issues of older properties, paired with a land size rarely found in newer subdivisions. This combination provides immediate move-in readiness with substantial outdoor space for future enjoyment or expansion. The property is well-suited for growing families seeking room to grow, buyers who prioritize private outdoor space over a fully finished basement, and those looking for a modern home in a neighborhood where lot sizes typically are much smaller.
Frequently Asked Questions
What does "basement not renovated" mean?
It indicates the lower level is unfinished or in a basic state, offering a blank canvas. This can be a positive for buyers wanting to customize the space to their specific needs, though it requires planning and budget for completion.
How does the large lot impact value and upkeep?
The lot is a significant asset, offering privacy, recreation space, and future potential (like additions or gardens). Buyers should consider that maintenance (lawn care, snow clearing) will be more demanding and potentially costly than for a standard city lot.
The home sold in 2020 for much less than its current assessed value. Why?
The initial sale price reflects the purchase of a brand-new home from the builder. The current assessment captures the market value after several years of market appreciation and the establishment of the neighborhood.
Is the assessed value a reliable indicator of the selling price?
While a strong benchmark, the assessed value is for municipal taxation. The actual market price is influenced by current conditions, home presentation, and buyer demand. The assessment being above area averages is a positive indicator of its relative worth.
Who would this property not suit as well?
It may not be ideal for buyers seeking a completely turnkey property with a finished basement ready for immediate use, or for those who prefer a low-maintenance yard. The scale of the lot requires a willingness for ongoing outdoor maintenance.