Property Overview
22 Prominence Point is a well-maintained, one-storey home in the popular Bridgwater Forest neighbourhood. Built in 2010, it sits on a spacious 6,075 sqft lot and features an attached garage and a renovated basement. Its appeal lies in a combination of modern updates, a desirable location, and strong value metrics compared to the wider city. The home last sold in July 2022 for $700,000.
Key Characteristics & Ideal Buyer
This property presents a solid, move-in ready home with a particularly strong foundation in terms of lot size and recent sale value. Its key characteristic is a profile of above-average city-wide rankings in several important categories: it sits on a lot larger than 71% of Winnipeg properties, is newer than 87% of them, and its 2022 sale price was higher than 97% of recorded sales in the city. This suggests a history of value retention in a sought-after area.
The appeal is grounded for practical buyers. The renovated basement adds immediate liveable space without the need for projects. The single-storey layout suits those looking for accessibility or simple, efficient living. Its position in the top third of its neighbourhood for lot size offers more outdoor space than many nearby homes.
It would best suit downsizers or young families seeking a modern, low-maintenance home in a master-planned community, who value metrics like development newness and lot size over sheer interior square footage (as the living area is more average for the neighbourhood). A thoughtful perspective is that this home represents a "high-floor" property within its locale—its city-wide rankings are exceptional, but within its own street and immediate area, it is more middle-of-the-pack, appealing to buyers who want a quality address without paying the absolute premium for the top lot or newest home on the block.
Frequently Asked Questions
1. How does the 2022 sale price compare to today's market?
The $700,000 sale from July 2022 is a strong recent data point, ranking in the top 3% of all Winnipeg sales at that time. It serves as a key benchmark, but a current market assessment is essential to understand today's value.
2. Is the living space smaller than other homes on the street?
Yes, the data indicates the 1,607 sqft of living area is currently the smallest among the 29 listed properties on Prominence Point. This is balanced by the home's larger-than-average lot size and recent renovations.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specifics on the finish, rooms, and permits should be verified through a viewing and disclosure documents.
4. How is the property's assessed value for taxes so much lower than its sale price?
The $65,700 assessed value is for municipal tax purposes only and is typically lower than market value. It should not be used as an indicator of current selling price. The 2022 sale price is the more relevant market figure.
5. The home ranks highly city-wide but lower on its own street. What does this mean?
This highlights the desirability of Prominence Point and Bridgwater Forest overall. The street consists of relatively new, valuable properties. So, while this home is among Winnipeg's top tier, it faces strong competition from its immediate neighbours, which may affect its relative positioning and value within the micro-market.