Property Summary: 289 Cartesian Gate, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Leila North is a modern property, built in 2019. With 1,571 sqft of living space and an attached garage, it offers a practical layout for daily living. The basement is unfinished, presenting a blank canvas for future expansion or storage. The home’s primary appeal lies in its contemporary construction within a city-wide context—it is notably newer than the vast majority of Winnipeg homes. However, its lot size is compact relative to both the immediate neighbourhood and the city at large.
This property would suit first-time buyers or downsizers seeking a low-maintenance, modern home without the premium often attached to brand-new builds. It’s also a pragmatic choice for value-focused buyers who see potential in the unrenovated basement to add future equity. While it ranks below average for size and value within its own street and neighbourhood, it offers a relatively affordable entry point into a newer home when viewed across the entire Winnipeg market.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others nearby?
Based on assessed value, this home ranks below average for both Cartesian Gate and the broader Leila North area. This suggests it may be priced more accessibly than many of its immediate neighbours, which could represent a value opportunity.
2. What does the "unfinished basement" mean for me?
The basement is functional for storage or utilities but has not been developed into living space. This is a key consideration: it lowers the immediate living area but provides a clear opportunity to customize and add value according to your needs and budget.
3. The lot size seems smaller than others. What are the implications?
The land area is significantly smaller than local averages. This typically means lower exterior maintenance and costs, but also less private outdoor space. It’s ideal for those who prefer a simpler yard but may not suit those wanting extensive gardening or recreation space.
4. The home sold in 2023 and again back in 2019. Is that a concern?
The 2023 sale appears to have been a relatively short-term ownership. It’s always wise to inquire about the reasons for the sale, but the public data does not indicate an issue. The price increased between 2019 and 2023, which aligns with market trends for newer homes during that period.
5. Is this a good long-term investment for the area?
Its modern build date is a strong asset in a city with an older housing stock, which typically aids in maintenance costs and appeal. While it’s not a standout in its immediate micro-market, its newer age could help it hold its value well on a city-wide scale over time.