Property Overview & Key Characteristics
This well-maintained, one-storey home in Bridgwater Forest offers a practical layout with 1,370 sqft of living space on a generous 4,063 sqft lot. Built in 2010, its key updated feature is a renovated basement, adding valuable finished space. The home includes a detached garage. Its appeal lies in a balance of modern livability within a sought-after, family-oriented neighbourhood. The property’s assessed value of $500k is firmly supported by a sale at the same price in April 2023, indicating stable market recognition.
The home suits first-time buyers or downsizers seeking a manageable single-level layout in a community with amenities and pathways. It also appeals to value-conscious buyers who prioritize a move-in ready condition with the basement work already completed, offering more usable space without immediate renovation projects. A thoughtful perspective: while its lot size ranks highly on its street, the living area is more modest, suggesting a home focused on efficient use of interior space and outdoor room—ideal for those who enjoy gardening or private outdoor living.
Frequently Asked Questions
1. How does this home compare to others in Bridgwater Forest?
The home is newer than about 71% of properties in the neighbourhood, but its living area is smaller than roughly 71% of area homes. It offers a modern base in a popular community, with a lot size that provides above-average outdoor space.
2. What does the price history indicate?
The home sold for $500k in April 2023, which matches its current assessed value. Prior to that, it sold for $375k in April 2019. This history suggests steady appreciation and a current price point that is consistent with recent market valuation.
3. Who might this property not suit as well?
Buyers requiring extensive square footage on one level, or those seeking an attached garage for direct home access during Winnipeg winters, may find other options more suitable. The layout is best for efficient living rather than spacious, open-concept gatherings.
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 renovations with the city if considering potential rental income.
5. How does the value rank across Winnipeg?
The assessed value sits in the top 18% city-wide, indicating it is a above-average valued property. However, within its immediate Bridgwater Forest neighbourhood, it ranks in the top 67%, positioning it as a solid, mid-tier value for this specific area.