Property Overview: 198 Highland Creek Road, Bridgwater Forest
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2019, stands out for its generous proportions and prime position within the sought-after Bridgwater Forest community. Its primary appeal lies in offering modern, move-in-ready space on one of the larger lots in the area (nearly 12,000 sqft), a rare combination in newer neighbourhoods. The home features a renovated basement, an attached garage, and a substantial 3,482 sqft of living area, placing it in the top tier of homes locally for size and newer construction.
The property’s standout feature is its exceptional ranking across key metrics. It consistently places in the top 5% of its street, neighbourhood, and even the entire city of Winnipeg for lot size, living area, and assessed value. This isn’t just a nice home; it’s a statistically significant property within its market, suggesting a strong foundation for long-term value. It would perfectly suit a growing family seeking ample indoor and outdoor space without sacrificing modern amenities, or a value-conscious buyer who prioritizes a home that outperforms its peers on paper. The appeal is for those who want a established, premium property in a newer community without the wait and uncertainty of a custom build.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on finish quality, layout, and whether it includes a legal suite or additional bedrooms should be verified with the selling agent or through a viewing.
2. The assessed value is much lower than the last sale price. Why?
Municipal assessed value for taxation purposes often lags behind market value and is calculated using a specific formula. The 2021 sale price of $1,600,000 is a clearer indicator of its market value at that time. The current assessed value should not be mistaken for a listing or expected sale price.
3. How does such a large lot impact upkeep?
While a nearly 12,000 sqft lot offers great privacy and space, prospective buyers should consider the associated maintenance for landscaping, gardening, and snow removal, which will be greater than for a standard lot.
4. The home ranks highly for being new (2019). What are the advantages?
A 7-year-old home likely means modern building codes, newer major systems (like HVAC and plumbing), and contemporary floor plans, potentially reducing immediate repair costs. It also may still have some original manufacturer warranties in effect.
5. The "similar assessed value" list shows homes in different areas. What does this mean?
This is a tax assessment comparison, not a market comparison. It shows other properties the city has deemed to have a similar value for tax calculation. These homes may be in different neighbourhoods and of different styles, underscoring that assessed value is a specific administrative metric, not a direct guide to market price or neighbourhood desirability.