Property Summary: 374 Cartesian Gate, Winnipeg
Key Characteristics & Buyer Appeal
This 2019-built home in Leila North presents a practical opportunity in Winnipeg’s market. Its key appeal lies in its modern age, being significantly newer than the average city home, which suggests contemporary building standards and less immediate need for major updates. With 1,348 sqft of living space, it is compact relative to its immediate neighbourhood but aligns closely with the citywide average, offering efficient and manageable layouts.
The property’s assessed value is notably lower than most homes on its street and in Leila North, yet it sits above the citywide average. This positioning creates an interesting dynamic: it is a more affordable entry point into a specific area, potentially offering value for someone seeking a newer home without the premium price tag of the largest properties nearby. The lot size is modest for the neighbourhood but is fairly typical across Winnipeg.
This home would best suit first-time buyers or downsizers who prioritize a modern, low-maintenance build in a settled area. It’s for those who value efficiency over square footage and are making a calculated trade-off—accepting a smaller footprint on a smaller lot for the benefits of a newer construction and a relative value position within the city.
Frequently Asked Questions
1. Is this a good value for the area?
The data suggests it is a relative value within Leila North. Its assessed value ranks below most neighbours, yet you get a home that is newer than many on the street. You’re effectively paying less for a modern property, but with less space.
2. What does the sold price history indicate?
It last sold between $400k-$450k in 2020. This historical price, compared to its current assessed value, provides a benchmark for how market valuation has shifted. For an exact sold price, you can request details via email from the listing source.
3. How does the home’s size compare practically?
At 1,348 sqft, it’s smaller than most direct neighbours but very close to the Winnipeg average. This means the layout is likely efficient, but storage and room sizes may be more compact compared to other homes on Cartesian Gate.
4. Why is the assessed value ranking so different when comparing street, neighbourhood, and city?
This highlights the character of the area. Cartesian Gate and Leila North appear to have larger, higher-valued homes on average. Therefore, this property sits below those local averages but is actually above the benchmark for the entire city, underscoring the variation in housing profiles across different Winnipeg communities.
5. What are the benefits of a 2019 build?
A home built in 2019 typically offers modern insulation, wiring, plumbing, and building codes, which can mean lower immediate maintenance costs and better energy efficiency compared to the city’s much older average home stock.