Property Overview: 183 Tennant Gate, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 2019, stands out for its generous proportions and modern age within its established Leila North neighbourhood. Its primary appeal lies in offering substantial space—both a 2,615 sqft living area and an 8,100 sqft lot—that ranks in the elite tier compared to most Winnipeg homes. The property features an attached garage and a basement (not renovated), presenting a move-in-ready canvas with room for future personalization.
The home’s value is underscored by its comparative metrics: it is newer, larger, and has a higher assessed value than the vast majority of properties locally and city-wide. This positions it as a notably above-average offering in its category. Its appeal is practical and statistical, suited for buyers who prioritize space and modern construction without needing a fully renovated interior. It would particularly suit growing families seeking room to expand, or value-conscious purchasers looking for a property with strong foundational metrics and the opportunity to customize the basement and finishes over time.
A less obvious perspective is the lot size: while large for the immediate street and area, it is slightly smaller than the city-wide average for comparable homes. This suggests the property’s value is driven more by the home’s size and newness than by an exceptionally large yard, appealing to those who favour indoor living space over extensive outdoor maintenance.
Frequently Asked Questions
1. How current is the assessed value, and what does it indicate?
The assessed value of $74.70k places this home in the top 4% of its neighbourhood and top 3% city-wide. This is a strong indicator of its perceived market value relative to other properties, though the final sale price is determined by the market.
2. The home sold in 2020. What can that price history tell me?
The recorded sale in March 2020 was in the range of $55.50k–$58.50k. This historical data provides a benchmark, but the current value is influenced by market changes over the past five years, its maintained condition, and the comparative metrics shown.
3. What does "Elite" or "Top X%" ranking mean for living area and year built?
These rankings compare this specific property against similar homes on its street, in Leila North, and across all of Winnipeg. For example, ranking in the top 2% for living area city-wide means it is larger than 98% of comparable homes, highlighting its standout spaciousness.
4. The basement is noted as "not renovated." What should I consider?
This means the lower level is functional but may require finishing or updating to suit your needs. It presents an opportunity to add value and customize the space, but you should budget and plan for potential renovation costs.
5. How does the lot size compare, given the home is on a "Gate"?
At 8,100 sqft, the lot is above average for both Tennant Gate and Leila North, offering good outdoor space. It is, however, slightly below the city-wide average lot size for homes of similar assessed value, which is a trade-off for the premium of a newer, very large home in an established area.