Property Overview: 78 Pennyhill Gate, Winnipeg
Key Characteristics & Appeal
This home at 78 Pennyhill Gate in Leila North is a modern property built in 2019, offering a move-in-ready opportunity with the benefits of a newer build. With 1,674 sqft of living space, it sits comfortably within the average range for its immediate street and neighbourhood, but ranks well above the city-wide average, suggesting good value for the square footage. The lot size is typical for the street but smaller than many in the wider city, resulting in a low-maintenance yard.
Its primary appeal lies in its balance of modernity and value. The assessed value is notably below average for the street and neighbourhood, which could indicate a favourable property tax position or an assessment that hasn't kept pace with recent market conditions—a potential advantage for a buyer. From a city-wide perspective, however, its value ranks in the top 15%, highlighting that newer homes in established neighbourhoods often command a premium. The home last sold when new in 2019, so the next buyer will be its first resale owner.
This property would suit first-time buyers or young families looking for a contemporary home without major renovation needs. It’s also a practical fit for those who prefer a smaller, manageable yard and value the efficiency and modern systems of a recent build. The data suggests it’s a solid, above-average home city-wide that presents as a modest option within its own desirable enclave.
Frequently Asked Questions
1. Why is the assessed value below average for the street?
While the home is newer, assessed values don't always directly correlate with market value and can be influenced by specific assessment models, timing, and comparable sales. A below-average assessment can sometimes lead to relatively lower property taxes.
2. What does the "Elite" ranking for Year Built city-wide mean?
Being in the top 4% city-wide for its 2019 build year means it is significantly newer than the vast majority of Winnipeg homes, which have a median build year of 1966. This suggests modern construction standards, materials, and systems.
3. Is the lot size a limitation?
At 4,365 sqft, the lot is average for Pennyhill Gate but smaller than many in the broader city. This is ideal for those seeking lower outdoor maintenance but may be less suitable for those wanting extensive gardening, large decks, or pool installations.
4. How can I find out the exact historical sale price?
The public data shows a sale price range from 2019. The listing service offers to provide the exact sale price via a manual email request, which they aim to fulfill by the end of the same business day.
5. What are the immediate neighbours like?
The five nearest properties on Pennyhill Gate are all very close (12-35 meters away), indicating a typical suburban density. The similar build years and assessed values of nearby homes suggest a consistent, well-established streetscape of comparable properties.