Property Summary: 321 Cartesian Gate, Winnipeg
Key Characteristics & Appeal
This 2019-built home in Leila North presents a compelling mix of modern convenience and value-focused positioning. Its key characteristic is its relative newness; built just seven years ago, it is newer than 96% of homes citywide, suggesting modern building standards, systems, and minimal immediate maintenance needs. With 1,571 sqft of living space, it offers above-average roominess compared to the typical Winnipeg home, yet it sits on a modest, low-maintenance lot.
The primary appeal lies in its value proposition. The home's assessed value is significantly below average for its immediate street and neighbourhood, yet aligns closely with the citywide average. This indicates a potential opportunity to acquire a relatively new, spacious home in a settled area without the premium price tag often associated with newer constructions in more expensive districts. It would suit first-time buyers or practical downsizers seeking a modern, move-in-ready home without a sprawling yard to manage, and value-conscious buyers who prioritize the condition and efficiency of the home itself over lot size or prestige address.
A less obvious perspective is that its below-average metrics for the street and neighbourhood might reflect a more efficient or standard lot and build, offering the benefits of a well-established community without the property tax burden of the highest-valued homes on the block.
Frequently Asked Questions
1. Why is the assessed value so much lower than other homes on the street?
Assessed values are based on a mass appraisal system considering factors like lot size, living area, age, and general location. This home’s lot is smaller than most on Cartesian Gate, which is a primary factor in its lower assessment, potentially resulting in lower property taxes.
2. What does the sold price history indicate?
The home sold for an estimated $300k–$350k when new in 2019. For the exact sale price, you can request details via email from the listing service, which provides manual verification.
3. Is the smaller lot a significant drawback?
That depends on your lifestyle. The lot is below average in size for the area, which means less yard maintenance. It may be ideal for those who prefer indoor living space or a simpler outdoor area, but less suitable for those wanting extensive gardens, privacy, or room for large additions.
4. How does this home compare to others in Winnipeg overall?
Citywide, this property is a standout for its age (newer than 96% of homes) and offers more living space than average. Its assessed value and lot size are fairly typical when compared to the entire Winnipeg market.
5. What are the immediate next-door properties like?
The neighbouring properties at 317, 325, 313, 329, and 309 Cartesian Gate are all very close (within 23 meters), indicating a typical suburban density. A nearby home at 351 Cartesian Gate, built in 2022 with a similar layout and higher assessment, can provide a useful comparison for condition and value.