Property Summary: 309 Cartesian Gate, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a modern, two-storey property built in 2019, offering a move-in-ready foundation with an unrenovated basement. Its key appeal lies in its relative newness within a city-wide context, as it is significantly newer than the average Winnipeg home. With 1,546 sqft of living space and an attached garage, it provides practical, contemporary living.
The property’s standout characteristic is its assessed value positioning. While it sits below average for its immediate street and neighborhood, its value is around the city-wide average. This presents a nuanced opportunity: it’s a newer home in a market where comparable properties are often decades older, yet it carries an assessment that is not premium. The lot is compact at 2,950 sqft, which translates to lower maintenance and aligns with a simpler, more efficient lifestyle.
This home would suit first-time buyers or downsizers seeking a modern build without a top-tier price tag. It’s ideal for those who prioritize a newer home's systems and efficiencies over expansive square footage or a large yard. The unrenovated basement offers a blank canvas for future customization, appealing to buyers who want to add value on their own terms.
Section 2: Frequently Asked Questions
1. Is the assessed value a reliable indicator of the market price?
While the assessed value is around the city average, market conditions, the home’s modern build, and the unfinished basement will ultimately determine the sale price. It’s a useful benchmark but not a guaranteed selling figure.
2. What does "below average" for lot size mean practically?
The lot is smaller than most in the area. This means less yard maintenance, which can be a benefit, but also less private outdoor space. It’s a trade-off that favors convenience over extensive gardening or recreation space.
3. The home is newer than most in Winnipeg. What are the advantages?
A 2019 build typically means modern building codes, newer major systems (like HVAC, wiring, and plumbing), and potentially better energy efficiency, leading to lower utility costs and fewer immediate repair concerns.
4. Why is the assessed value much lower than some neighbors on the same street?
This can be due to several factors, including the home’s specific lot size, its unrenovated basement condition, and the original build specifications. Assessments are mass appraisals and may not capture all the nuances of an individual property.
5. What is the potential of the unfinished basement?
The basement presents a clear opportunity to add significant living space and value. Buyers should budget for potential development costs and obtain necessary permits, but it allows for customization to suit specific needs, like a recreation room, home office, or additional bedroom.