This two-storey home in Bridgwater Forest presents a compelling opportunity for buyers seeking a well-established, spacious property in a desirable Winnipeg neighbourhood. Built in 2010, it sits on a large, 8,820 sqft lot and features 2,249 sqft of living space, an attached garage, and a renovated basement. Its appeal lies in its proven location and above-average metrics in key areas. The property ranks in the top 12% of its neighbourhood for lot size and the top 5% city-wide for living area, suggesting a home that offers more space than most. With an assessed value ranking in the top 3% for Winnipeg, it holds a strong fiscal position. This home would suit a growing family looking for move-in-ready space in a mature, sought-after community, or a value-conscious buyer who appreciates a home that outperforms many of its peers on paper, with the renovation work already addressed.
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What do the "rankings" actually mean for me?
They are a relative measure of how this property compares to others. For instance, ranking in the top 5% in Winnipeg for living area confirms the home is genuinely spacious. The high assessment value ranking suggests municipal valuation is strong, which can be positive for perceived long-term value.
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The home sold for $550k in 2021. How should I view that price today?
That sale price from three years ago provides a historical benchmark, but it should be considered in the context of the broader market shifts since then. It's a useful data point for understanding the owner's purchase price, but not a direct indicator of current value.
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The lot size ranks very high, but the year built is only in the top 71% of the neighbourhood. Is that a concern?
Not necessarily. It indicates that while the home itself is not among the newest in Bridgwater Forest (which has newer sections), it compensates with one of the larger lot sizes available—a trade-off some buyers prefer for more outdoor space.
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What's the significance of the renovated basement?
Beyond the immediate benefit of finished living space, a professional renovation can address foundational elements like insulation, moisture control, and electrical systems. It’s important to understand the scope, permits, and quality of the renovation.
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The property ranks better than 95% of others on its street for land area. What are the practical benefits?
This typically translates to greater privacy, more room for gardening, play, or entertaining, and potentially more flexibility for future additions like a deck or shed, compared to homes on tighter lots.