Property Overview & Key Characteristics
40 Pennyhill Gate is a modern, well-sized family home built in 2019, located in Winnipeg's Leila North neighbourhood. Its primary appeal lies in its balance of contemporary construction and practical space. With 1,674 sqft of living area, the home offers ample room for a growing household or those seeking a low-maintenance, newer property without the premium often attached to brand-new builds.
The home’s standout characteristic is its age; it ranks in the top 4% city-wide for being newer than comparable properties, suggesting modern building standards, systems, and likely less immediate need for major repairs. Interestingly, while its assessed value is below average for its immediate street and neighbourhood, it ranks in the top 15% across the entire city. This indicates you may get more modern home for your dollar here compared to many other Winnipeg areas, though it may reflect the specific market dynamics of Leila North.
The property would suit first-time buyers or young families looking for a move-in-ready home with modern amenities. It also appeals to value-conscious buyers who prioritize a newer build but are comfortable with a lot size that is slightly more compact compared to some other city neighbourhoods.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home sold for an estimated $400k-$450k in 2019, the year it was built. Its current assessed value is significantly lower at $53.20k. It’s important to understand that in Manitoba, assessed value for tax purposes is not an indicator of market value. The sale price history is a more relevant gauge.
2. Is the lot size a constraint?
With a 4,364 sqft lot, the property is typical for its street but below the neighbourhood average. It provides adequate outdoor space for a patio, garden, or play area, but may not suit those seeking extensive landscaping, a very large deck, or future large-scale additions.
3. What does the "top 15% city-wide" ranking for assessed value really mean?
This statistic means the home’s assessed value is higher than 85% of comparable properties across Winnipeg. This doesn't mean it's overpriced; rather, it often correlates with the home's newer age and modern features compared to the city's older housing stock. Your property taxes will be influenced by this assessment.
4. Are there other similar homes nearby?
Yes. The listing shows several homes on the same street built around the same time (2019-2022), indicating this is a relatively recent and consistent development within the area, which can be positive for neighbourhood cohesion and future resale.
5. How can I get the exact historical sale price?
The exact sale price is not publicly displayed due to data privacy. The listing service offers to provide it manually via email upon request, with a promise of a same-day reply and no unsolicited marketing.