202 Ramona Gallos Way — Property Summary

Key Characteristics & Buyer Profile

This property, located on Ramona Gallos Way in the Leila North neighbourhood, stands out primarily for its assessed value and land size relative to its immediate street. At 4,471 square feet, the lot is above average for the area and the city, though not exceptionally large. The house was built around 2017, making it newer than the typical Winnipeg home (median 1966). Its living area is estimated near the citywide median for comparable properties.

The appeal here is a bit split. On the street level, the property ranks as “Elite” for assessed value and land area—meaning it’s likely the most valuable and largest lot on this specific street. However, stepping back to the neighbourhood level (Leila North), the assessed value falls below average, ranking near the bottom. This suggests the property is a standout on its block but sits in a more modestly priced area overall. The house itself is newer, so a buyer avoids older-home maintenance, but the neighbourhood positioning might not carry the same prestige or equity trajectory as higher-ranked parts of the city.

This home would suit a buyer who wants a newer, reasonably sized house on a solid lot, and who values being a big fish in a smaller pond—someone who doesn’t need a top-tier neighbourhood but wants the best house on their street. It may also appeal to investors or flippers eyeing a property that already commands top value on its block, with room to grow if the area improves citywide.

Five Frequently Asked Questions

1. How does the assessed value of $145k compare to similar homes?
The $145k assessment ranks #1 on Ramona Gallos Way (top of the street), but below average for Leila North (ranked 393 out of 392, meaning last place). Citywide, it ranks in the bottom 3% (top 97%) against comparable homes averaging $390k. In short: it’s the most valuable property on its street, but not relative to the broader neighbourhood or city.

2. Is a 4,471 sqft lot considered large for Winnipeg?
It’s slightly above average for Leila North (median 5,490 sqft) and citywide (median 6,570 sqft), but not oversized. The “Elite” street-level ranking means it’s the largest lot on Ramona Gallos Way, likely because neighbouring lots are smaller or non-standard. Land area here is a relative strength, not an absolute one.

3. Why is the house ranked “top 0%” on its street but below average in the neighbourhood?
This means the street has very few (or possibly only one) comparable properties—so being #1 out of 0 is a statistical artifact. The ranking simply reflects that it’s the only data point on that street. Neighbourhood-level rankings (e.g., #393 out of 392) are more meaningful, as they compare a larger, real peer group.

4. What does “year built 2017” mean for insurance or maintenance?
A 2017 build is relatively recent, so major systems (roof, HVAC, foundation) should have many years of life left. Insurance costs may be slightly lower compared to older homes, and you’re less likely to face immediate renovations. However, newer construction in some areas can have quirks (e.g., builder-grade materials), so an inspection is still wise.

5. How does the living area compare to the city median?
The property’s living area is listed “Avg” at the neighbourhood and city levels, meaning it’s close to the median of around 1,855 sqft citywide and 1,342 sqft locally. It’s not a particularly large or small home—typical for the area, but smaller than many newer suburban builds.