Property Overview & Key Characteristics
This single-storey home in Bridgwater Forest is defined by its generous, mature lot and established presence in a desirable neighbourhood. Its primary appeal lies in the combination of a very large, 12,893 sqft property—ranking in the top 21% on its street—and a renovated basement, offering immediate livability and space for growth. The home’s assessed value and recent sale price consistently rank in the top 5% or better within both Bridgwater Forest and all of Winnipeg, suggesting a history of being well-maintained and a strong investment relative to the broader market.
While the house itself is a comfortable 2,415 sqft, the standout feature is the land itself, offering rare suburban space. A thoughtful perspective is that an 18-year-old home in a newer community like Bridgwater Forest often benefits from settled landscaping and established neighbourhood dynamics, without the potential issues of brand-new construction. This property would suit buyers looking for a move-in ready home with a premium lot size, whether it’s a family valuing outdoor space, someone interested in future landscaping projects, or a buyer who appreciates the stability of a home that has already seen significant appreciation.
Frequently Asked Questions
1. How does the year built (2008) affect this property?
At 18 years old, major components like the roof, HVAC, and windows may be nearing or require planned replacement. This isn't uncommon, but it's a key consideration for maintenance budgeting. On the positive side, the neighbourhood and landscaping are well-established.
2. The assessed value is much lower than the recent sale price. Why?
Municipal assessed value for tax purposes often lags behind the current market. The sale price from late 2023 is a more accurate reflection of the home's market value, and its high ranking compared to other assessments indicates the market recognizes a premium here.
3. What does the lot size ranking actually mean?
The data shows this lot is larger than 79% of others on Prominence Point and 97% within Bridgwater Forest. In practical terms, this means you are getting one of the largest properties in the area, which is a significant and rare asset in this community.
4. Is the renovated basement a legal suite?
The listing states the basement is renovated but does not specify it as a legal secondary suite. Buyers should verify the permits and compliance of the renovation with the city to understand its legal use and any potential for rental income.
5. The home is a "one storey." Does it feel spacious inside?
With 2,415 sqft of living area, it ranks in the top 13% for size in the neighbourhood. The single-storey layout (or bungalow style) typically offers good flow on one level and can be appealing for accessibility or avoiding stairs, but the perceived spaciousness will depend on the specific floor plan.