Property Overview: 325 Cartesian Gate, Winnipeg
Key Characteristics & Appeal
This home at 325 Cartesian Gate is a modern property, built in 2019, offering a move-in-ready opportunity in Winnipeg’s Leila North area. Its primary appeal lies in its contemporary construction, requiring less immediate upkeep than older city averages. With 1,546 sqft of living space, it is notably more spacious than the typical Winnipeg home, providing ample room for daily life.
The property’s standout feature is its assessed value of $39.50k, which is significantly below the averages for its immediate street and neighbourhood. This creates a unique value proposition, presenting a modern home at an entry point that is rare for its age and size citywide. The lot, while smaller than most in the area, aligns with the lower-maintenance lifestyle that often accompanies newer builds.
This home would suit first-time buyers or downsizers seeking a modern, low-maintenance property without the premium price tag typically associated with newer construction. It’s also a practical fit for value-focused buyers who prioritize the condition and interior space of the home over having a large yard. The data suggests it offers a way to own a relatively new home in a settled neighbourhood at an accessible point.
Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring homes?
While the exact reason isn’t stated, an assessed value this far below area averages is unusual for a modern home. It’s essential to verify the current condition, any specific municipal assessments, and review the most recent property tax statements to understand this fully.
2. What does the "below average" lot size mean for me?
The lot is smaller than most in Leila North. This typically means less yard maintenance, which can be a benefit, but also less private outdoor space. It’s worth considering if your lifestyle needs a large garden or if a more manageable yard is preferable.
3. The home sold between $300k-$350k in 2019. What does that tell us?
The initial sale price provides a benchmark. The current assessed value being markedly different suggests significant changes in assessment methodology, market conditions, or possibly the property’s taxable valuation since its build. It highlights the importance of getting a current market appraisal.
4. How does this home compare to others in Winnipeg overall?
Citywide, this home is above average for living space and is among the newer homes (top 4%). Its value is around the city average. This indicates you’re getting a newer, spacier home for a price that is competitive with the broader Winnipeg market, even if it’s an outlier on its own street.
5. Who should request the exact sold price history?
If you are seriously considering this property, requesting the exact sold price via email is a prudent step. It replaces the public estimate with a verified figure, giving you a concrete data point for understanding market trends and value on Cartesian Gate.