Property Overview: 269 Cartesian Gate, Winnipeg
Key Characteristics & Buyer Appeal
This is a modern, two-storey home built in 2019, offering 1,550 sqft of living space with an attached garage and an unfinished basement. Its primary appeal lies in its contemporary construction, placing it among the newest 4% of homes citywide. The property presents a notable value proposition, with a current assessed value significantly below the averages for its immediate street and neighbourhood, yet aligning closely with the wider Winnipeg average.
The home is situated on a smaller, efficiently designed lot, which translates to lower maintenance. This setup would suit first-time buyers or downsizers seeking a modern, low-maintenance home without a major renovation project, and who prioritize interior space and newer systems over a large yard. Investors may also see potential in the unfinished basement for adding value. A thoughtful perspective is that while it ranks lower on metrics within its specific area, its newer build and city-competitive assessment could represent a relative entry point into a well-established neighbourhood like Leila North.
Frequently Asked Questions
1. Why is the assessed value so much lower than neighbours on the same street?
The assessed value is based on specific property characteristics, including lot size and living area. This home has a smaller lot and living area compared to many on Cartesian Gate, which is reflected in its valuation.
2. What does the "unfinished basement" mean for me?
The basement is a blank canvas with full height and utilities in place, offering the opportunity to customize additional living space, such as a rec room or extra bedrooms, to your own taste and budget.
3. The home is newer, but how does its size compare?
At 1,550 sqft, it offers above-average living space for Winnipeg overall. On its own street and in Leila North, however, it is smaller than the typical home, which often contributes to its lower assessment relative to those immediate areas.
4. Has the property's value increased since it was last sold?
Based on the available sold price ranges, the property's assessed value has increased since its 2021 sale, indicating market appreciation.
5. What are the implications of the smaller lot size?
The 2,678 sqft lot requires less yard maintenance, which can be a benefit for busy homeowners. It’s important to review local bylaws for any plans regarding decks, sheds, or additions, as smaller lots can have specific setback requirements.