Property Overview & Key Characteristics
This two-storey home in Bridgwater Centre is a modern property built in 2016, offering a low-maintenance lifestyle in a sought-after neighbourhood. Its key appeal lies in its balance of space, location, and newer construction. With a living area of 1,730 sqft on a 3,654 sqft lot, it provides ample room without the burden of an oversized yard. The home features an attached garage and an unrenovated basement, presenting a blank canvas for future expansion.
The property’s strength is its standing within its immediate context. It ranks in the top tiers for lot size, living space, and recent sale price within its own street and the wider Bridgwater Centre area, suggesting it is a above-average offering in a desirable community. It would particularly suit young professionals, growing families, or downsizers seeking a relatively new home in a planned community with amenities close by. A thoughtful perspective for buyers is the value of the unrenovated basement; while it requires investment, it allows for customization without needing to undo someone else’s work, potentially adding significant personalized value down the line.
Frequently Asked Questions
1. How does the recent sale price compare to the assessed value?
The home sold for $490,000 in December 2024, which is significantly higher than its 2024 assessed value of $43,800. It’s important to understand that municipal assessed value in Manitoba is for tax purposes and is not an appraisal of market value. The sale price is the true indicator of current market worth.
2. What does the ranking data actually tell me?
The percentile rankings (e.g., "Top 95% in same street") show how this property compares to others in a specific category. For example, ranking in the top 8% for living area on its street means it is larger than 92% of its direct neighbours, a sign of above-average interior space for the location.
3. Is the basement finished?
No, the basement is noted as "not renovated." This means it is in a basic, unfinished state, offering the next owner the opportunity to design and finish the space to their own needs and taste.
4. The home was built in 2016. What should I consider with a house of this age?
A 10-year-old home is past its initial builder warranty period but is still considered modern. A pre-purchase inspection is crucial to identify any emerging maintenance items, such as the condition of the roof, HVAC system, or exterior finishes, which may be nearing their typical service life.
5. How stable has the property's value been?
The home sold for $375,000 in early 2017 and $490,000 in late 2024. This represents a notable increase over approximately 8 years. This trajectory, combined with its strong rankings within the neighbourhood, suggests it has been a solid investment in a stable, growing community.