Property Overview: 40 Tennant Gate, Winnipeg
Section 1: Key Characteristics & Appeal
This 2017-built home in Leila North is a modern property with a practical footprint of 1,280 sq ft on a 4,202 sq ft lot. Its key appeal lies in its contemporary construction, requiring less immediate upkeep than older city homes, paired with an assessed value of $520k that positions it as a relative value within the newer home segment citywide.
The home suits first-time buyers or downsizers seeking a low-maintenance, modern property without a premium price tag. Its smaller lot and living space compared to immediate neighbours suggest a more efficient, manageable property, ideal for those prioritizing newer systems and finishes over expansive square footage. A thoughtful perspective is its citywide standing: while it ranks below average for size and value within its own street and neighbourhood, it sits well above the Winnipeg average for assessed value, indicating it's a solid asset in the broader market context. This creates a unique proposition—a newer home that feels modest on its block but represents a significant investment compared to most of the city's housing stock.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others in Winnipeg?
The assessed value of $520k is above the Winnipeg average (top 17% citywide), but below the average for both Leila North and Tennant Gate specifically. This suggests you are purchasing a newer home at a value relative to the broader city, but on a street and in an area where many properties are valued higher.
2. Is the living space smaller than typical for the area?
Yes. At 1,280 sq ft, the living area is below the average for the street, the neighbourhood, and only slightly below the city average. This indicates a more compact, efficient layout compared to many nearby homes.
3. What are the benefits of a 2017 build year?
A home built in 2017 is modern and likely includes current building codes, energy efficiency standards, and warranties that may still be transferable. It typically means reduced immediate costs for major repairs (roof, HVAC, etc.) compared to the city's average home, which is decades older.
4. How can I find out what it last sold for?
The listing indicates a sale occurred in 2021 for an estimated range of $500k-$550k. For the exact sale price, you must request it directly via the email service provided on the listing page, as this data is not publicly displayed in detail.
5. What does the "below average" ranking for lot size mean?
With a 4,202 sq ft lot, the property has less yard space than most on its street and in Leila North. This translates to less exterior maintenance but also less private outdoor space, which is an important consideration for buyers comparing it to other homes in the immediate area.