Property Overview: 378 Cartesian Gate, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,626 sqft home, built in 2019, presents a compelling mix of modern convenience and relative value. Its primary appeal lies in its above-average citywide standing—it ranks within the top 24% for living space and an elite top 4% for its recent build year compared to the much older Winnipeg average. This means you get a newer, well-sized home that likely requires less immediate upkeep.

However, its context is key. Within its own Leila North neighbourhood and on Cartesian Gate itself, the home sits around or slightly below average for size and assessed value. This creates an interesting dynamic: it’s a modern, move-in-ready property that isn’t priced at the peak of its immediate area, potentially offering good value for a buyer seeking a newer build without paying the absolute neighbourhood premium. The lot is standard for the street, offering typical outdoor space without being a standout.

This property would suit first-time buyers or young families looking for a home that’s still essentially new, but who are pragmatic about value within a specific community. It’s also a sensible choice for those who prioritize modern building standards and efficient layouts over owning the largest property on the block.

Section 2: Frequently Asked Questions

1. How does the assessed value compare to the likely selling price?
The assessed value is significantly lower than the home’s last sold price range in 2020 ($400k-$450k) and below current neighbourhood averages. In Manitoba, assessed value for tax purposes often lags behind market value, so prospective buyers should rely on recent comparable sales, not the assessment, to gauge market price.

2. What does the "elite" citywide ranking for year built really mean?
While it ranks in the top 4% citywide, this largely reflects Winnipeg's vast stock of older homes. The more relevant fact is that it’s newer than about 88% of homes in Leila North, meaning major components like roofing, HVAC, and windows are still under warranty or have considerable life left.

3. Are the property taxes likely to be low due to the assessed value?
Not necessarily. Tax bills are based on the municipal mill rate applied to your assessed value. While the assessment is one factor, the mill rate can change. It’s best to inquire about the current annual tax amount for the most accurate picture.

4. The home sold around 2020. Why might it be back on the market?
Given its build year of 2019, the 2020 sale was likely the first resale from the original owner. A subsequent sale after 4-5 years is common and doesn’t inherently indicate issues—common reasons include life changes, job relocation, or upgrading.

5. How useful are the "Same Street" and "Same Area" comparisons?
Very useful. They show this home is competitively positioned within its micro-market. The data suggests you’re not overpaying for the street or neighbourhood, but you’re also not getting an outlier bargain. It represents a stable, middle-of-the-pack option in its direct community.