Property Summary: 367 Cartesian Gate, Winnipeg

Key Characteristics & Appeal

This is a modern, low-maintenance home built in 2022, offering a move-in-ready experience in Winnipeg's Leila North neighbourhood. Its primary appeal lies in its new construction, which means contemporary building standards, modern finishes, and minimal immediate repair concerns. The 1,566 sqft living area is notably efficient; while it's below average for its immediate street and area, it is actually above the city-wide average, suggesting a smart, compact use of space rather than being undersized.

The property presents a compelling value perspective. Its assessed value is positioned below average for the local area but aligns more closely with the city-wide median. This could indicate an opportunity to acquire a newer home in a neighbourhood where older properties dominate, potentially at a relative value. The lot is compact (2,787 sqft), which translates to less yard maintenance—a plus for those seeking a lock-and-leave lifestyle or who prefer to spend less time on upkeep.

This home would best suit first-time buyers or downsizers looking for a modern, worry-free property without the premium often attached to brand-new builds in more central locales. It’s also a practical choice for investors seeking a relatively new rental property with predictable maintenance costs. A less obvious angle is its appeal to data-conscious buyers: the metrics clearly show you're purchasing one of the newest homes in the entire city (top 1% by year built), which is a rare find at this price point, even if you're trading off some interior and land space compared to older neighbours.

Frequently Asked Questions

1. Is this home a good value compared to others on the street?
The data suggests it is. While the living space is slightly smaller than street averages, the home is significantly newer (built in 2022, making it the newest on Cartesian Gate) and has a lower assessed value than neighbouring properties. You are effectively paying less for a modern home compared to the cost of older, larger homes around it.

2. What are the main trade-offs for getting such a new home?
The primary trade-offs are space, both indoors and outdoors. The living area and land lot size are below the averages for Leila North. You're gaining modern efficiency and low maintenance but with less room for expansion or large outdoor activities compared to many area properties.

3. How reliable is the sold price history shown?
The listed sold price range (CA$350k–400k in 2022) is based on public data. For the exact sale price, you must request it directly via the provided email service. This is a common practice to ensure accuracy, as public records can sometimes be incomplete or estimated.

4. What does the "top 1%" ranking for year built really mean?
This statistic means that 367 Cartesian Gate is newer than 99% of all comparable residential properties across the entire city of Winnipeg. In its immediate neighbourhood and street, it is the single newest home. This is a standout feature for long-term maintenance and systems longevity.

5. Who might this property not suit?
It may not suit buyers who prioritize large private yards, extensive square footage, or who want a home that is above average in size for its immediate area. Families needing multiple large bedrooms or space for significant expansion might find it limiting. It's designed for efficient, modern living rather than sprawling space.