Property Overview: 167 Bridgeland Drive N, Bridgwater Forest
Key Characteristics & Appeal
This 2010-built, one-storey home in Bridgwater Forest offers a practical, single-level layout with 1,510 sq ft of living space on a generous 4,063 sq ft lot. Its key appeal lies in a balance of space, location, and established value. The home features an attached garage and a full basement (unrenovated, offering potential), situated in a relatively newer Winnipeg neighbourhood.
The data reveals a property with strong fundamentals: it ranks highly within its own street for living area and recent sold price, suggesting it is a well-regarded home on its block. Notably, it ranks better than 90% of Winnipeg for its last sold price, indicating a solid investment relative to the wider market. Its assessed value is significantly lower than its recent sale price, which may be a point of interest for buyers.
This home would suit first-time buyers or downsizers seeking a manageable, single-level layout in a modern community. The unrenovated basement presents a clear opportunity for a buyer looking to add value and customize extra space to their needs. It’s a home for someone who values data-backed metrics—like its strong sale price ranking—and sees potential in a solid, blank-canvas basement.
Frequently Asked Questions
1. How does this home compare to others on the street?
It ranks better than 74% of homes on Bridgeland Drive N for living area and better than 88% for its recent sold price, indicating it is one of the larger and more valuable properties on the block.
2. What does the significant difference between the assessed value and sale price mean?
The assessed value ($49.4k) is for municipal tax purposes, while the sale price ($560k) reflects the market value agreed upon by a buyer and seller. This large discrepancy is common in newer areas and does not reflect a problem; it underscores the strong market demand for this specific property.
3. Is the neighbourhood established?
Bridgwater Forest is a modern community. With the home built in 2010, the street and area are past the initial construction phase, offering more established landscaping and community cohesion than brand-new subdivisions.
4. What is the potential with the basement?
The basement is noted as "not renovated," meaning it is likely a blank canvas with rough-ins for future development. This allows a new owner to finish it to their specific needs, whether for extra bedrooms, a family room, or a suite, adding both living space and value.
5. How does this property rank for its age in Winnipeg?
Built in 2010, it is newer than 87% of homes in Winnipeg, meaning it likely requires less immediate major maintenance than older stock and benefits from more contemporary building standards and layout.