92 Ramona Gallos Way – Property Summary

Key Characteristics, Appeal & Ideal Buyer

This single-family home at 92 Ramona Gallos Way sits in Winnipeg’s Leila North neighbourhood and was built in 2017—making it one of the newer homes relative to the citywide average construction year of 1966. The living area is estimated at 1,855 square feet, which is above the citywide median for comparable homes (1,342 sq ft). The assessed value is $152,000, which is well below the neighbourhood average of $567,900 and the citywide average of $390,100. The lot size is 5,087 square feet, slightly under the neighbourhood average of 5,490 sq ft but near the citywide median.

The property’s main appeal is its newness and generous interior space, especially when compared to much older housing stock elsewhere in Winnipeg. However, the below-average assessed value in both the neighbourhood and citywide contexts likely reflects a more modest finish level, location trade-offs, or perhaps a smaller floor plan relative to nearby newer builds. This isn’t a luxury home—it’s a practical, modern house on a decent-sized lot.

This property would suit a first-time buyer or a small family looking for a move-in-ready home without the premium price tag of similar-age homes in higher-demand areas. It could also appeal to an investor targeting the lower end of the rental market, given the newer build reduces immediate maintenance concerns. Buyers who value “new and functional” over “prestigious address” will find it worth a look.

Five Possible FAQs

1. Why is the assessed value so low compared to the neighbourhood average?
The neighbourhood average includes a wide range of homes, likely some with larger lots, higher-end finishes, or more desirable locations within Leila North. This property’s $152k assessment suggests it’s on the more affordable side of that range, possibly due to a simpler design, smaller overall footprint, or less expensive materials. An assessment doesn’t directly equal market value, but it’s a useful benchmark.

2. How recent is the 2017 build, and what does that mean for upkeep?
Built eight years ago, the home is still relatively new by Winnipeg standards, where the median home was built in 1966. Major systems like the roof, furnace, and windows are likely in good shape, and the home should meet modern building codes. However, some early warranty items may now be expiring, so a home inspection is still advisable.

3. Is the lot size unusually small or large for Leila North?
At 5,087 sq ft, the lot is below the neighbourhood average of 5,490 sq ft but still ranks in the top 26% of the area. That means many nearby lots are smaller, not larger. Citywide, it’s right around the middle. So it’s a typical suburban lot—not cramped, but not oversized.

4. How does this property rank against others on the same street?
Street-level data is limited—the property is ranked #1 out of 0 on Ramona Gallos Way, which likely means there are too few comparable homes to produce a meaningful ranking. In practice, the street may have only this one house or a mix of property types that don’t compare directly. The neighbourhood and city rankings are more informative.

5. What should I look for if I visit?
Focus on the quality of interior finishes and any signs of deferred maintenance. Because the assessed value is low relative to the neighbourhood, check if that reflects builder-grade materials or layout compromises. Also verify the actual living area measurement—assessments sometimes estimate square footage, and the floor plan may differ from what’s listed. If the home is on a newer street, consider future development plans in Leila North that could affect noise or privacy.