Property Summary: 320 Cartesian Gate, Winnipeg
Key Characteristics & Appeal
This 2020-built home in Leila North offers a compelling mix of modern construction and relative value. Its key characteristic is its newness; built just six years ago, it ranks in the top 3% of homes city-wide for age, suggesting minimal immediate repair costs and contemporary building standards. With 1,509 sqft of living space, it is notably larger than the Winnipeg average home, providing ample room for a growing household or those seeking more space.
The appeal lies in this balance: you acquire a modern, turn-key property that is above average in size for the city, yet it sits at an assessed value ($510k) that is below the average for its immediate street and neighbourhood. This positions it as a potentially efficient entry into a newer home without the premium price often attached to such properties in the area. The lot size is average for the locale, offering standard outdoor space without extensive maintenance demands.
It would suit first-time buyers or young families looking for a move-in-ready home who prioritize modern amenities and space over a premium lot location. It may also appeal to value-conscious buyers who see the advantage in a newer build within a neighbourhood of older housing stock, offering a long-term foothold with lower near-term renovation risk.
Frequently Asked Questions
1. How does the value compare to recent sales?
The home last sold between $400k-$450k in 2020. Its current assessed value of $510k is below the average for Cartesian Gate ($560k) and Leila North ($568k), but above the Winnipeg city average ($390k). This suggests it may offer relative value within its own micro-market.
2. What does the "top percentile" ranking mean for a buyer?
The rankings compare this home to "comparable" groups. For example, being in the top 3% city-wide for year built is a significant advantage, indicating it's much newer than most Winnipeg homes. Conversely, its value ranking in the top 18% city-wide means it's assessed higher than 82% of homes, but its lower rankings on its street and in Leila North suggest it might be priced more accessibly than its immediate neighbours.
3. Is the living space adequate for a family?
At 1,509 sqft, the living area is above the city-wide average (1,342 sqft) and provides substantial space. However, it is below the average for both Cartesian Gate (1,845 sqft) and the Leila North area (1,855 sqft), indicating that many nearby homes are larger. It is well-suited for a small to medium-sized family.
4. What are the less obvious considerations of a 2020 build?
While offering modern construction, a home from this period is now past its brand-new warranty phase. It’s wise to check for any early wear issues or builder deficiencies that may have emerged, but it likely avoids the major system replacements (roof, furnace, windows) that older homes often require.
5. How can I find out the exact historical sale price?
The provided sale price is a public data range. The listing service notes that you can request the exact sold price history directly from them via email, which they provide manually without using your contact for unsolicited marketing.