Property Overview: 202 Tennant Gate, Winnipeg

Key Characteristics & Appeal

This two-storey home in Leila North presents a practical, modern living opportunity. Built in 2018, it is a notably newer construction compared to most Winnipeg homes, suggesting contemporary building standards and less immediate need for major updates. With nearly 2,000 square feet of living space, it offers ample room for a family, ranking well above the city average for size. The property includes an attached garage and a basement (not renovated), providing flexible storage or future development space.

Its primary appeal lies in this combination of relative newness and above-average space within a well-established neighbourhood. The home sits on a standard-sized lot for the area, offering manageable outdoor maintenance. The assessed value positions it as a premium property city-wide, but one that is more in line with the averages for its specific street and neighbourhood, indicating it fits comfortably within its local market context.

This property would suit buyers looking for a move-in ready, modern home without the premium often attached to brand-new builds. It’s ideal for a growing family that values space and a newer structure but doesn’t require a sprawling yard. It may also appeal to those who prefer a home where major systems like roofing, windows, and HVAC are still in their earlier years, offering a period of predictable upkeep costs.

Frequently Asked Questions

1. How does this home compare in size and value to others nearby?
Within the immediate Leila North area and on Tennant Gate itself, this home is consistently around the average for both living area and assessed value. It’s a solidly mid-range property for the neighbourhood, but it becomes an above-average home when compared to the entire Winnipeg market due to its newer age and larger size.

2. What does "basement, not renovated" imply?
The basement is finished as living space but has not been recently updated. Buyers should budget for potential cosmetic updates or consider it a blank canvas for future renovation to match their style. A professional inspection is recommended to confirm the condition of finishes, moisture management, and foundational elements.

3. The home sold in early 2019. What might that mean for a buyer today?
The 2019 sale price provides a historical baseline, but the current assessed value and market conditions are more relevant for today’s value. The significant gap between the old sale price and current assessment highlights the market appreciation over the last several years and the impact of the home being new at the time of that last sale.

4. Is the lot size a pro or a con?
The land area is typical for the Leila North neighbourhood. It offers sufficient outdoor space for gardening, play, or relaxation without the high maintenance burden of a much larger lot. For buyers seeking extensive landscaping or maximum privacy, it may feel standard. For those wanting lower yard upkeep, it’s a practical fit.

5. What is the neighbourhood character suggested by this data?
The data shows Tennant Gate and Leila North consist largely of similar, mid-range family homes. The tight clustering of property values and sizes suggests a stable, established community without extreme variation between houses, which often translates to consistent property values and a cohesive neighbourhood feel.