Property Overview
11 Prominence Point is a well-established, single-storey home in the popular Bridgwater Forest neighbourhood. Its primary appeal lies in its substantial, mature lot—over 12,900 sq ft, which places it in the top 3% for size within the area—and its fully renovated basement, adding valuable finished living space. Built in 2008, the home offers a practical layout with an attached garage.
The property’s standout characteristic is its exceptional value proposition. While its assessed value is a modest $94.9k, it last sold for $983k in 2019, indicating significant market appreciation and solid underlying equity. The data suggests it’s a property that outperforms most in Winnipeg for lot size and assessed value (top 1-3%), yet the living space is more standard for the locale. This creates a unique profile: a premium lot with a comfortable, functional home.
This home would suit a buyer who prioritizes land size and long-term value over a brand-new build. It’s ideal for someone looking for outdoor space for gardening, play, or future expansion in a family-friendly community. It would also appeal to a value-conscious purchaser who understands the financial strength indicated by the large gap between the assessed value and the previous sale price, seeing potential in the existing renovation and the prized lot.
Frequently Asked Questions
1. Why is there such a large difference between the assessed value and the last sale price?
Assessed value for property tax purposes often lags behind market value, especially in a rising market. The 2019 sale price of $983k is a strong indicator of the home’s market worth, while the lower assessment can mean relatively lower property taxes for the value you get.
2. How does the lot size compare to newer homes in the area?
At nearly 13,000 sq ft, this lot is exceptionally large. Most newer subdivisions have significantly smaller lots. This places the property in the top 3% of the neighbourhood for land area, offering rare space and privacy for the community.
3. The living area ranks lower than the lot size. What does that mean?
It means the house itself is of a comfortable, average size for the area (1,816 sq ft), but it sits on a much larger-than-average parcel of land. The appeal here is the balance of a functional home with an outstanding outdoor space.
4. The home was built in 2008. Should I be concerned about major repairs?
A home of this age is typically past the initial "builder warranty" phase, meaning any early issues have likely been addressed. It’s a good age for a thorough inspection to assess the condition of major components like the roof, HVAC, and windows, which may be nearing their typical lifespans.
5. What is the neighbourhood ranking based on?
The rankings (e.g., "Better than 97%") are comparative metrics for this specific property against its immediate street, the Bridgwater Forest neighbourhood, and all of Winnipeg. They are based on the data points shown, like lot size, assessed value, and year built, giving you a quick snapshot of how this home compares quantitatively to others.