Property Overview
This two-storey home in Bridgwater Forest is a standout property, particularly for its generous space and prime positioning within a modern Winnipeg neighbourhood. Built in 2010, it sits on a large lot and offers over 2,500 square feet of living area. Its appeal lies in a combination of a renovated basement and a size that is exceptionally rare for its immediate street and wider community—ranking in the top 1-2% for living space locally. While the home is newer than most in Winnipeg, it is among the older homes within Bridgwater Forest itself, suggesting a more established streetscape. The property suits buyers prioritizing interior square footage and lot size over a brand-new build, and who value a home that already has key upgrades like a finished basement. It’s ideal for growing families or those who entertain, looking for a move-in ready home in a sought-after, planned community.
Key Details & Questions
What are the key features of this home?
The home is a two-storey with an attached garage, built in 2010. Its most notable features are the renovated basement and its substantial size: a 2,536 sqft living area on a 5,861 sqft lot, which is significantly larger than most comparable homes in the area.
How does this property compare to others nearby?
It ranks exceptionally high for living space, lot size, and assessed value on its street and in Bridgwater Forest. For example, its living area is larger than 99% of homes on the same street. A nearby reference property on Almington Bay, built a year later, has nearly 1,100 fewer square feet of living space.
What is the neighbourhood like?
Bridgwater Forest is a modern, planned community in Winnipeg. The property’s high rankings for lot and home size within this neighbourhood indicate it is one of the more substantial homes in this relatively new area.
Why is the assessed value much lower than the last sale price?
The property was last sold in 2017 for $600,000, while its current assessed value is $71,600. This large discrepancy is normal; municipal assessed value for tax purposes is not an indicator of market value and is typically a fraction of a home’s sale price.
Is this a good investment?
The home’s historical sale price ranked in the top 10% on its street at the time, and its metrics for size and value remain consistently high against local benchmarks. This suggests a property with enduring appeal in its market segment, though any investment depends on current market conditions and personal circumstances.