Property Overview
197 Cartesian Gate is a modern two-storey home in Winnipeg's Leila North neighbourhood. Built in 2019, it offers 1,871 sqft of living space, an attached garage, and a full, unfinished basement on a 5,347 sqft lot. The home's assessed value places it in the top 11% citywide, indicating a strong valuation relative to the broader market.
Key Characteristics & Appeal
This home’s primary appeal lies in its balance of modern construction and established community setting. As a 2019 build, it offers contemporary building standards and systems without the uncertainties of a brand-new development, all while being situated on a mature street. The lot size is notably generous for the immediate area, ranking in the top 14% on its own street, which provides more outdoor space than many newer homes nearby.
It suits buyers looking for a move-in ready, low-maintenance property who still want room to grow. The unfinished basement presents a clear opportunity for customization and added value, appealing to those who want to tailor part of the home to their specific needs. The data suggests it’s a home that stands out more significantly when compared to the entire city (ranking highly for age, size, and value) than it does within its own affluent pocket of Leila North, where it is more average. This makes it a solid, above-median choice for professionals or growing families seeking space and modern comforts in a stable area.
Frequently Asked Questions
1. How does this home compare to others in the area?
Within the Leila North neighbourhood and on Cartesian Gate itself, the home is generally around average for its assessed value and living area. Its standout features locally are its newer construction (top 12% in the area) and its larger-than-average lot size for the street.
2. What is the potential for future value?
The 2019 build means major components are relatively new, potentially reducing near-term capital costs. The unfinished basement is a key value-add opportunity. The home’s assessed value already places it in the top 11% citywide, suggesting a strong baseline.
3. What should I know about the basement?
The listing confirms a full basement exists but that it is "not renovated." Buyers should budget and plan for finishing this space to suit their needs, which includes factoring in permits, insulation, and egress requirements.
4. How stable is the property value on this street?
The home last sold in 2019. The provided sold price data for the area shows consistent activity with nearby, similar properties, indicating an active and stable market segment in Leila North.
5. What are the less obvious considerations?
While modern, the home is now 7 years old, so due diligence on the builder's reputation and a review of any remaining new home warranty is advised. The lot, while generous for the street, is slightly below the citywide average for land area, which may influence future expansion plans like additions or pools.