Property Overview: 22 Pennyhill Gate, Winnipeg
Key Characteristics & Appeal
This two-storey home at 22 Pennyhill Gate in Leila North presents a compelling blend of modern build, generous space, and a prime lot within its immediate area. Built in 2019, it offers contemporary construction without the premium of a brand-new build. Its 2,191 sqft of living space places it well above average for the street, neighbourhood, and city, appealing to those seeking room to grow.
The property’s standout feature is its land. The 5,151 sqft lot is elite for Pennyhill Gate (top 2%), offering substantial outdoor space that is rare for newer developments. This is paired with an attached garage and an unrenovated basement, presenting a blank canvas for future customization.
Its appeal lies in its balanced positioning. It’s a home that outperforms most local comparables in size and lot dimensions, while its assessed value sits at a competitive point for what it offers. It would suit move-up buyers or families looking for a modern home on a larger, private lot in a established neighbourhood, particularly those who value the potential to add their own finish to the basement space.
Frequently Asked Questions
1. How does this home truly compare to others nearby?
The data shows it ranks highly on its own street for living area, year built, and especially lot size. While its assessed value is above average for the city, it is more in line with neighbourhood averages, suggesting you get more house and land for your dollar here compared to many other areas.
2. What does the “unrenovated basement” mean for me?
This indicates the basement is finished but has not been recently updated. It’s a functional space that doesn’t require immediate work, but it allows you to customize it to your taste and schedule without paying a premium for someone else’s renovation choices.
3. The home sold in 2019. Is there a reason for the quick turnaround?
The 2019 sale was likely the original purchase from the builder. A resale after 5-7 years is common as homeowners’ needs change. It doesn’t inherently indicate an issue; rather, it means you’re getting a home that has been lived in and maintained past its initial warranty period.
4. Is the assessed value a reliable indicator of the selling price?
The assessed value ($590k) is for municipal tax purposes and is typically based on past market data. It’s a useful benchmark showing the home is valued highly by the city, but the final sale price will be determined by current market conditions, buyer demand, and the home’s specific condition.
5. What is the community and street like?
Being on a quiet cul-de-sac (Gate) in Leila North typically means lower traffic. The listing shows several nearby properties of similar style and age, suggesting a cohesive, modern streetscape. The lot size advantage indicates this property likely has more privacy or yard space than many of its direct neighbours.