194 Tennant Gate

Property Overview: 194 Tennant Gate, Winnipeg

Key Characteristics & Appeal

This is a modern, well-maintained home built in 2018, offering the appeal of a relatively new build without the premium of a brand-new property. Its key features include a renovated basement, an attached garage, and 1,852 sqft of living space, which is notably above the city-wide average. The home sits on a standard-sized lot for the Leila North neighbourhood.

The primary appeal lies in its balance of space, condition, and value. The assessed value ranks in the top 15% locally and top 6% city-wide, suggesting a strong perceived value relative to many other homes. Its modern age means major systems like roofing, HVAC, and windows are likely in good condition, offering peace of mind and potentially lower immediate maintenance costs.

This property would suit practical buyers looking for a move-in-ready home who want to avoid the surprises and update projects common with older houses. It’s ideal for a young family or professionals seeking a modern layout and finishes in a stable neighbourhood. A less obvious angle is its appeal to value-conscious buyers who appreciate that the home is newer than most on its street and in the city, yet isn’t priced at the very peak of the market for its area, representing a sensible middle ground.

Frequently Asked Questions

1. How does this home’s size compare to others?
At 1,852 sqft, the living area is above the Winnipeg city average. It’s roughly average for the immediate Leila North area, meaning it offers ample space without being an outlier on the street.

2. What does the "above average" assessed value indicate?
A high assessed value relative to peers often reflects a combination of the home’s modern build year, size, condition, and improvements like the renovated basement. It’s a strong indicator of the property’s official valuation for tax purposes, which is typically in line with market perceptions.

3. Is the lot size a constraint?
The lot is standard for the neighbourhood. It provides adequate outdoor space for a deck, garden, or play area but is not an exceptionally large parcel. Buyers seeking extensive yard space may want to view the property in person to gauge if it meets their needs.

4. What can the 2022 sale price range tell me?
The published range from late 2022 provides a recent benchmark, showing the home’s market value from that time. Given the stable assessed value since, it suggests the property has held its worth. For the exact sale price to inform your offer, you can request it via email from the site.

5. Who might this home not suit?
It may not suit buyers looking for a character-filled heritage home, those wanting a very large or private lot, or investors seeking a "fixer-upper" with significant upside from renovations, as the major work appears to be already done.