Property Overview
This two-storey home in Bridgwater Forest, built in 2010, presents a practical opportunity in a modern Winnipeg neighbourhood. Its key appeal lies in a balance of space and value, featuring a 1,658 sqft living area that is notably larger than most on its street. The property sits on a good-sized 4,063 sqft lot and includes a detached garage and an unfinished basement, offering a blank canvas for future expansion.
The home suits first-time buyers or young families looking for a move-in-ready house in a newer community without the premium price of a brand-new build. Its strong ranking for living space suggests efficient use of its footprint, while the recent sale history indicates steady market interest. A thoughtful perspective is that the unfinished basement, while not a feature, is actually a cost-saving advantage for buyers who wish to customize the space to their exact needs without paying for someone else’s renovations. The property’s assessed value is consistently lower than its recent sale prices, which may indicate perceived market value exceeding its official valuation.
Frequently Asked Questions
1. How does the property’s value compare to the neighbourhood?
The home’s last sale price ranked it in the top third for its street, but only in the top 70% for the wider Bridgwater Forest area. This suggests it may offer relative value within its immediate block compared to the broader neighbourhood.
2. Is the basement developed?
No, the basement is unfinished. This provides the next owner with the opportunity to design and finish the space according to their own preferences and budget.
3. What does the "rank by area" data mean for the lot size?
While the 4,063 sqft land area is larger than 70% of lots on its street, it ranks lower (top 94%) within the entire neighbourhood. This indicates that while the lot is a good size for the street, larger lots are common elsewhere in Bridgwater Forest.
4. How current are the property value figures?
The most recent sale data is from May 2023. The assessed value is provided for municipal tax purposes and is typically lower than market value, as evidenced by the historical sale prices listed.
5. The home was built in 2010. What should I consider regarding its age?
As a 16-year-old home, major components like the roof, HVAC system, and appliances may be nearing or past their typical lifespan. A thorough inspection is recommended to budget for any upcoming maintenance or replacements, which is common for homes of this vintage.