Property Overview: 278 Cartesian Gate, Winnipeg
Key Characteristics & Buyer Appeal
This two-storey home in Leila North is a modern, low-maintenance property built in 2019. With 1,633 sqft of living space and an attached garage, it offers a practical layout for everyday living. Its key appeal lies in its balance of being a relatively new build in a city where most homes are significantly older, while presenting a value-oriented entry point within its own immediate neighbourhood. The assessed value is notably below the average for both Cartesian Gate and Leila North, suggesting a potentially attractive price point for the area, though the home features an unrenovated basement.
This property would suit first-time buyers or small families seeking a modern home without the premium often attached to newer constructions in established areas. It’s also a sensible choice for value-conscious buyers who prioritize a move-in ready, contemporary structure and are comfortable with a basement that offers future potential rather than immediate finished space. A less obvious perspective is its citywide standing: while it ranks below average in its micro-market, its size and age place it well above average compared to the entire Winnipeg housing stock, highlighting a solid foundational investment in a newer asset.
Frequently Asked Questions
1. Is this a good value for the neighbourhood?
The data suggests it is positioned as a value option. Its assessed value ranks below the average for both Cartesian Gate and Leila North, while the home itself is newer than most in the area. This could indicate an opportunity to acquire a newer home at a competitive price point within this specific community.
2. What does "basement not renovated" mean?
It indicates the basement is unfinished. It provides essential utilities and space for storage or laundry, but it is not developed into living areas like a family room or bedroom. This represents both a cost-saving factor on the purchase price and potential for future customization.
3. How does the 2022 sale price relate to the current assessed value?
The home sold for between $545,000 and $575,000 in late 2022. The current assessed value is $532,000. This difference is not unusual, as assessed values for taxation purposes can differ from market sale prices and may reflect broader market adjustments since the last sale.
4. What is the lot size like?
At just over 4,400 sqft, the lot is fairly typical for newer subdivisions. It is around average for the street and neighbourhood, providing a manageable yard for maintenance. It is smaller than the citywide average lot, which includes many older properties with larger plots.
5. Are there any notable comparisons nearby?
The listing notes 351 Cartesian Gate as a "worth viewing" comparison. Built in 2022 with slightly less living space and a lower assessed value, it serves as a direct benchmark, suggesting this market segment features very similar, recently built homes.