Property Overview & Key Characteristics
This well-situated one-storey home in Bridgwater Forest presents a compelling blend of space, modern updates, and established community living. Its key appeal lies in its generous 6,947 sqft lot—ranking in the top 9% on its street—combined with a fully renovated basement, offering expanded living or recreational space. Built in 2012, the home is newer than 89% of properties in Winnipeg, suggesting modern construction standards without the premium of a brand-new build.
The home’s assessed value is notably strong, placing in the top 2% city-wide, which indicates solid municipal valuation and potential for stable equity. Its layout, with nearly 1,850 sqft of living space, suits those seeking single-level living or ease of access. This property would particularly suit growing families looking for a move-in ready home with a large yard in a mature neighbourhood, or downsizers who want a modern, low-maintenance exterior without sacrificing interior space and the bonus of a finished lower level.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home was last sold in 2016 for $600,000. Its current assessed value is $78,900. It’s important to note that in Manitoba, assessed value is for municipal tax purposes and is not a market appraisal; the significant difference is typical and does not reflect the home’s market value.
2. What does the "rank by area" and "better than" data mean?
These metrics compare this property against specific benchmarks. For example, the lot size is "better than 91% in same street," meaning it's larger than most lots on Poplar Point. This is a relative indicator of how a specific feature stacks up locally.
3. Is the basement renovation permitted?
The listing notes the basement is renovated. Prospective buyers should request documentation to verify that any renovations were completed with the necessary permits and inspections to ensure compliance with building codes.
4. The home is newer than most in Winnipeg, but what about the neighbourhood?
While the home itself (built 2012) is quite new, Bridgwater Forest is an established community. This means you benefit from mature landscaping and settled infrastructure, while the home’s age suggests fewer immediate major repairs compared to an older property.
5. Who might this layout not suit?
As a one-storey design, all primary living spaces are on a single level. Those specifically seeking the separation and noise buffer of a multi-storey floor plan, or the defined entryway of a two-storey, may find the layout less ideal.