Property Overview & Key Characteristics
This 2018-built, two-storey home in Bridgwater Centre offers modern living in a sought-after newer neighbourhood. Its key appeal lies in its balance of contemporary build age, efficient use of space, and established community setting. With 1,492 sqft of living space on a 2,724 sqft lot, it represents a manageable, low-maintenance property. The home ranks highly for its newer age (top 8% in Winnipeg) and offers a basement for future expansion, though it is not currently renovated.
The property would suit first-time buyers or young families seeking a modern home without the premium of a brand-new build, as the major initial depreciation has already occurred. It also appeals to value-conscious buyers looking for a turnkey property in a top-tier Winnipeg neighbourhood, where they can benefit from established landscaping and community amenities without waiting for development to finish. A thoughtful perspective is that this home sits in the sweet spot of being past the initial "settling" phase of a new build, while still being modern enough to avoid near-term major system replacements.
Frequently Asked Questions
1. What is the significance of the assessed value?
The assessed value of $406,000 is for municipal tax purposes. It is a lagging indicator and should not be confused with current market value, which is determined by recent sales of comparable homes.
2. How does the lot size compare?
At 2,724 sqft, the lot is slightly above average for its street but is a typical size for newer neighbourhoods like Bridgwater Centre. It offers a private outdoor space suited for patios and gardening, rather than extensive recreation.
3. What does "basement, not renovated" mean?
The home has a full, undeveloped basement. This provides significant storage and represents a clear opportunity for future expansion to add living space, subject to proper permits and investment.
4. How does this home rank within the neighbourhood?
The home ranks very well for its newness (top 33% in Bridgwater Centre) and is above average in living area size for its immediate street. Its overall value proposition is strong within the context of the wider, popular Bridgwater community.
5. Is the lack of a garage a major concern?
The property has no garage, which is a trade-off for the price point and lot size. Buyers should consider on-street parking regulations and their personal storage needs. Many residents in the area utilize well-organized shed storage and the ample internal closet space typical of a 2018 build.