Property Overview: 89 Pennyhill Gate, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 89 Pennyhill Gate is a modern property, built in 2019, situated in Winnipeg's Leila North neighbourhood. Its key appeal lies in its balance of contemporary construction and manageable scale. With 1,568 sqft of living space, it is notably larger than the average Winnipeg home but offers a more efficient, low-maintenance footprint compared to many larger houses in its immediate area. The lot size is modest for the street, which translates to less yard work.
The home’s strongest feature is its age; it ranks in the top 4% city-wide for being newer, meaning buyers can expect modern building standards, energy efficiency, and minimal immediate repair costs. The assessed value is above average for the city, yet it sits around the median for its own street and neighbourhood, suggesting it is priced consistently within its local market rather than carrying a premium just for the zip code.
This property would ideally suit first-time buyers or downsizers seeking a modern, move-in-ready home without the upkeep of a large property. It also appeals to value-conscious buyers who prioritize newer construction within a well-established neighbourhood, offering a blend of modern comforts and community stability.
Section 2: Frequently Asked Questions
1. How does the property’s size compare to its neighbours?
While the living area is above average for Winnipeg overall, it is slightly below average for both Pennyhill Gate and the Leila North area. This indicates a more compact and efficient use of space compared to the typically larger homes immediately surrounding it.
2. What does the assessed value tell me?
The assessed value is around the middle of the pack for its street and neighbourhood, but ranks in the top 11% across Winnipeg. This suggests the home holds its value well in a city-wide context and is not over-assessed relative to its direct neighbours.
3. The lot is noted as "below average" in size. Is that a drawback?
This depends on your lifestyle. A smaller lot (4,135 sqft) means less outdoor maintenance, which can be a significant advantage for those seeking a lock-and-leave lifestyle or who prefer to spend less time on yard work. It may be less suitable for those wanting extensive gardens, large play areas, or future expansions.
4. The home sold in 2019. What can that price tell me?
The sold price range from 2019 (CA$400k–450k) provides a historical benchmark, but it reflects the market conditions and the home’s brand-new status at that time. For a current valuation, the assessed value and comparison to recent sales of similar-aged homes in the area are more relevant.
5. Who would benefit most from this property’s specific traits?
The combination of a newer build (2019) with a moderately sized house and lot makes it particularly suited for buyers who want to minimize unexpected maintenance costs and time spent on upkeep, but who still want more space than a condo or older, smaller bungalow provides. It’s a practical choice for modern living rather than a sprawling estate.