Property Overview: 39 Pennyhill Gate, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 39 Pennyhill Gate is a modern property built in 2019, offering a practical and efficient layout in Winnipeg's Leila North neighbourhood. Its key appeal lies in its contemporary construction, which means fewer immediate maintenance concerns compared to much of the city's older housing stock. With 1,674 sqft of living space, it provides comfortable room for a small family or couple, sitting slightly above the city-wide average for home size.
The property presents an interesting value perspective. Its assessed value is notably high for its immediate street and neighbourhood, yet it remains very competitive when viewed against the entire Winnipeg market. This suggests you are acquiring a newer, well-sized home at a city-wide value, albeit on a more modest lot typical of newer subdivisions. The home would suit first-time buyers or downsizers seeking a modern, move-in-ready property without the premium often attached to brand-new builds. It's also a sensible choice for value-conscious buyers who prioritize the condition and efficiency of the home itself over having a large yard.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the likely market price?
While the assessed value for tax purposes is $53.10k, this is not an indicator of market value. The last known sale was between $400k-$450k in 2019. Market price is determined by current conditions, recent comparable sales, and buyer demand.
2. Is the lot size a drawback?
The 4,135 sqft lot is below average for both the neighbourhood and city. This means less outdoor space for gardening or expansion, but also translates to less yard maintenance—a potential benefit for those seeking a low-upkeep property.
3. What does the "Elite" city-wide ranking for Year Built mean?
This indicates the home is newer than approximately 96% of all properties in Winnipeg. This is a significant advantage, typically implying modern building codes, energy efficiency, and updated electrical and plumbing systems.
4. Why are the rankings for Value and Living Area so different?
The home ranks lower for value on its street because it's assessed higher than its neighbours, which may include older homes. It ranks higher for living area city-wide because its square footage is above the Winnipeg average. This highlights the property's strength as a spacious, modern home within its broader market.
5. How can I find out the exact historical sale prices?
The provided sale price ranges are based on public data. For precise sale figures, you must request the information directly via the email service noted on the listing, as exact sale prices are not publicly disclosed in Manitoba.