Property Overview: 221 Cartesian Gate, Winnipeg
Key Characteristics & Appeal
This home is defined by a compelling combination of modern convenience and significant land value. Built in 2019, it offers the benefits of a relatively new construction with updated systems and minimal immediate maintenance. Its 1,693 sqft living space is comfortably above the citywide average, providing ample room without being oversized.
The property’s standout feature is its exceptionally large lot of nearly 13,000 sqft, which ranks in the top 1% on its own street. This presents a rare opportunity in the Leila North area, offering substantial outdoor space for gardening, recreation, or future expansion. The attached garage and renovated basement add practical, finished living space.
Its appeal lies in this balance: it’s a modern, move-in ready home paired with a land parcel that feels increasingly uncommon in newer subdivisions. The assessed value is strong relative to the area, suggesting solid intrinsic value. This property would suit buyers who prioritize outdoor space and a newer build but want to be within a established community. It’s ideal for a family seeking room to grow, someone with hobbies requiring space, or a buyer who views the large lot as a long-term asset.
Frequently Asked Questions
1. How does the living space compare to the neighborhood?
At 1,693 sqft, the home is slightly below the average for both Cartesian Gate (~1,845 sqft) and Leila North (~1,855 sqft), but it remains well above the Winnipeg citywide average. This indicates a home of comfortable size within a neighborhood of generally larger houses.
2. Why is the assessed value so much higher than the last sold price in 2019?
The 2019 sale price reflected the initial purchase of the newly built home. The current assessed value of $62.30k accounts for several years of market appreciation, the value of the renovated basement, and, most significantly, the premium value of its very large lot.
3. What does the "Elite" ranking for Land Area actually mean?
It means the lot size is in the top 3-5% of properties it's compared to. On Cartesian Gate specifically, it ranks #1 out of 157 homes for lot size, making it the largest on the street. This is the property's most distinctive statistical feature.
4. Is the pool of "comparable homes" fair?
The comparisons are drawn at three levels: immediate street, broader Leila North area, and citywide. This shows how the home stacks up in different contexts. For example, while the living area is average for the street, the lot size and assessed value are outstanding at every level.
5. What’s less obvious about the value of a large lot in this area?
Beyond privacy and space, a lot of this size in a neighborhood of newer homes offers flexibility that is often only found in older, established areas. It provides room for additions like a large shed, a sport court, or an extensive landscape project without compromising yard space, and it may offer better drainage and natural light.