Property Overview & Appeal
This home at 398 Cartesian Gate is a modern, above-average property in Winnipeg's Leila North neighbourhood. Its key strength is its generous living space of 2,311 sq ft, which places it in the top 7% of homes on its street and the top 5% city-wide. Built in 2019, it is a relatively new construction, significantly newer than the average Winnipeg home. The assessed value is strong, ranking in the top 7% across the city, suggesting a quality build and desirable features. The lot size is more standard for the area, offering manageable outdoor space without extensive upkeep.
The appeal lies in acquiring a spacious, modern home without the premium often attached to brand-new builds. It suits buyers looking for move-in-ready comfort in a settled, newer subdivision—ideal for growing families or professionals who value space and modern amenities over a large, demanding yard. A thoughtful perspective is that its "elite" city-wide rankings for size and value, contrasted with more average standings on its own street, indicate it's located in a consistently desirable and newer area where it still holds its own.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home sold for an estimated $450k-$500k in 2019. Its current assessed value is approximately $607,000. This significant increase reflects market appreciation and the added value of a now-established, newer home.
2. Is the lot size a disadvantage?
At 4,365 sq ft, the lot is average for Cartesian Gate but slightly below average for the broader Leila North area. This is typical for newer subdivisions and translates to less yard maintenance—a plus for many—but may not suit those seeking extensive gardening or outdoor space.
3. What does the "top 5%" city-wide ranking for living area mean?
It means that compared to all residential properties in Winnipeg, this home's interior square footage is larger than approximately 95% of them. This is a standout feature for buyers prioritizing spacious floor plans.
4. The home is only 7 years old. What should I check?
While modern, it's now past the builder's warranty period. A standard inspection is still recommended, with attention to any early settling, grading/drainage, and the condition of finishes and appliances that may be nearing the end of their typical lifespan.
5. Are property taxes high given the assessed value?
The above-average assessed value will result in proportionately higher property taxes than an older or smaller home in the city. Buyers should factor this into their monthly budgeting.