Property Summary: 273 Cartesian Gate, Winnipeg

Key Characteristics & Appeal

This is a modern, two-storey home built in 2019, offering a move-in-ready foundation in Winnipeg's Leila North neighbourhood. Its key appeal lies in the balance of contemporary construction and a manageable scale. With 1,598 sqft of living space, it sits above the city-wide average, providing comfortable room for a small family or couple, while its unrenovated basement presents a clear opportunity for future customization.

The home’s assessed value is notably lower than most in its immediate area and street, which can signal a more accessible entry point into a neighbourhood of newer, often higher-valued homes. This combination of a recent build year and a relatively modest assessment is a distinctive point. It suits first-time buyers or downsizers seeking a modern home without a premium price tag, and practical buyers who see value in a solid, newer structure where they can put their own stamp on the basement finish over time. The attached garage and standard city lot offer low-maintenance, convenient living.

Frequently Asked Questions

1. Why is the assessed value so much lower than neighbouring homes?
While the home is newer, assessed values consider multiple factors including specific finishes, layout, and exact market conditions at valuation time. A lower assessment relative to the street can sometimes reflect a more basic interior finish or a smaller land size, but it also often results in proportionally lower property taxes.

2. What does "basement, not renovated" mean?
The basement is likely developed to a basic, functional standard (e.g., concrete floors, framed walls, utilities) but lacks finished flooring, drywall, or proper ceilings. It’s a blank canvas, which can be an advantage for buyers wanting to customize the space to their needs.

3. How does the land size impact the property?
At 2,836 sqft, the lot is compact, especially compared to others in Leila North. This means lower outdoor maintenance but also limited space for large gardens, expansions, or extensive outdoor recreation. It emphasizes a low-maintenance lifestyle.

4. The home sold in 2019 for roughly $32.5k - $35.5k. Why is that price so low?
This almost certainly reflects a partial transaction, such as the sale of a newly built home prior to its full completion and occupancy (often called a "bare land" or "foundation" stage sale). The current assessed value reflects the completed home.

5. Who would this home not be ideal for?
It may not suit buyers seeking a large yard, those who want a fully finished home with no projects, or investors looking for a property with a basement suite already in place, as creating one would require a full renovation.