Property Summary: 397 Cartesian Gate, Winnipeg
Key Characteristics & Appeal
This home is a modern offering in Winnipeg's Leila North neighbourhood, built in 2022. Its primary appeal lies in its new construction, placing it in the top 1% of homes for age both on its street and city-wide. This translates to move-in readiness, modern building standards, and minimal immediate maintenance. The living space (1,552 sq ft) is above the city-wide average, offering comfortable room for a small family or couple.
The property presents a distinct value profile. Its assessed value is around average for the city but is notably lower than the averages for both its immediate street and the broader Leila North area. This suggests a potentially more accessible entry point into a newer home within this locale. The lot size is compact compared to most neighbours, which means less yard upkeep but also less private outdoor space.
This home would best suit buyers prioritizing modern construction and interior space over a large yard. It’s ideal for those seeking a newer build without a premium price tag relative to its immediate area, appealing to first-time homeowners, downsizers, or investors looking for a contemporary property.
Frequently Asked Questions
1. Is this a good value for the area?
The data suggests it may be. While the home is newer than most, its assessed value is below the average for both Cartesian Gate and Leila North. This could indicate a value opportunity relative to neighbouring, often older, homes.
2. What are the trade-offs for getting a newer home here?
The main trade-off is land size. The lot is significantly smaller than most in the neighbourhood (ranking in the bottom 10% locally). You gain a modern, low-maintenance home but with more limited outdoor space.
3. What does the sale history tell us?
It last sold in the $400k-$450k range when new in 2022. Its current assessed value is consistent with that price point, showing stability in a market where many older homes on the street have higher assessed values.
4. Who might this property not suit?
It may not suit buyers seeking a large, traditional yard for gardening or recreation, or those who prefer the character and established trees often found in older neighbourhoods.
5. How does it compare to the home next door at 351 Cartesian Gate?
The nearby home at 351 Cartesian Gate is very comparable in size, year built, and value, having sold in the same range. This consistency can be reassuring, indicating a stable valuation for newer homes on this street.