Property Overview
23 Appletree Crescent is a well-situated, single-storey home in the popular Bridgwater Forest neighbourhood. Built in 2008, its primary appeal lies in its generous 6,895 sqft lot—ranking in the top 18% for size in Winnipeg—combined with a recently renovated basement. This presents a solid value proposition: a move-in ready space with significant room for outdoor enjoyment or future expansion.
The home suits first-time buyers or downsizers seeking a manageable single-level layout without sacrificing yard space in a modern community. Its above-average lot size is a standout feature in a newer area where properties are often closer together. The data suggests a compelling opportunity for value-conscious buyers; the current assessed value is notably higher than its 2017 sale price and ranks in the top 10% city-wide, indicating strong municipal valuation growth relative to the market.
Key Considerations & FAQs
While the home scores highly for lot size and assessed value, the living space (1,445 sqft) is more modest, ranking in the lower third for its immediate street. The home’s age (18 years) places it in the older tier for Bridgwater Forest, a neighbourhood known for very recent construction. Buyers should weigh the benefits of a large lot and finished basement against the potential for updates to the main living areas, which are now a generation old.
1. What does the "ranking" data actually mean?
The percentile rankings compare this property against others on its street, in Bridgwater Forest, and across all of Winnipeg. For example, a "Top 18%" rank for lot size means 82% of Winnipeg lots are smaller. It's a quick way to gauge how specific features stack up locally.
2. The assessed value seems high compared to the 2017 sale price. Is that accurate?
Municipal assessed values are for tax purposes and can differ from market value. However, such a significant increase over seven years, coupled with its high city-wide ranking (top 10%), does indicate the property has appreciated substantially according to the city's assessment model.
3. Is the living space too small for the neighbourhood?
At 1,445 sqft, the living area is below average for both the street and Bridgwater Forest. This suggests the home’s layout may be more compact than newer builds in the area, but this is balanced by the large lot and renovated basement, which add functional space.
4. What are the implications of the home's age ranking?
Being older than 98% of homes in Bridgwater Forest (built 2008) means it's one of the original houses in this developing area. This can be positive, with established landscaping and any early issues likely resolved, but it may also mean interior finishes or systems could benefit from modernization compared to brand-new builds.
5. Why is the lot size highlighted as a key feature?
In newer, master-planned communities like Bridgwater Forest, lot sizes have generally decreased over time. A nearly 6,900 sqft lot from 2008 offers a rarity: more private outdoor space than what is typically available in recent subdivisions, which is a major long-term advantage.