Property Overview: 225 Oak Lawn Road, Bridgwater Forest
Key Characteristics & Appeal
This 2011-built, one-storey home in Bridgwater Forest is a standout property defined by its above-average size and exceptional value metrics. Its primary appeal lies in a combination of generous space and a recently renovated basement, all set on a large, 6,297 sqft lot. The home’s living area of 2,281 sqft ranks within the top 5% of all Winnipeg, offering substantial interior room for a bungalow. Its assessed and recent sold values are in the top 1% for its street and neighbourhood, suggesting it is a premium property within its immediate area, yet it remains competitively positioned when compared to similar-value homes across the city.
The property would suit buyers looking for a move-in ready, single-level living layout in a modern suburban community. It’s particularly well-matched for families or downsizers who prioritize spacious interiors and a large yard over a multi-storey layout. A thoughtful perspective is that this home represents a "best-in-class" option for its specific street and neighbourhood—it’s not just a standard lot, but one that outperforms most local comparables in terms of sheer space and official valuation, which could appeal to value-conscious buyers seeking a long-term home in a established, newer community.
Frequently Asked Questions
1. How does the lot size compare to others in Bridgwater Forest?
At 6,297 sqft, the land area is larger than approximately 71% of lots in the neighbourhood, placing it in the top third. This is a notably spacious lot for the area.
2. The home was built in 2011. What might require attention due to its age?
While still relatively modern, a 15-year-old home may be approaching the time for updates to original appliances, HVAC systems, or roof shingles. A thorough inspection is recommended to assess the condition of these components.
3. The assessed value is significantly lower than the recent sale price. Why?
Municipal assessed values in Manitoba are typically for tax purposes and can lag behind current market values. The recent sale price of $118.80k is the more accurate reflection of the home’s current market worth.
4. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. Prospective buyers should inquire for details on the quality of the renovation, whether it includes a legal suite, and if proper permits were obtained.
5. The home ranks highly for space but lower for its build year on its street. What does this mean?
While the home’s living area is in the top third for its street, its 2011 build year is newer than only 37% of neighbours. This indicates that Oak Lawn Road has a mix of older and newer homes, and this property is one of the more spacious offerings among the newer construction on the block.