Property Overview
This well-maintained one-storey home in Bridgwater Forest offers a practical and comfortable living space. Its key appeal lies in a desirable combination of a renovated basement, a newer build (2010), and a strong value proposition within its area. The home sits on a generous 4,063 sqft lot, providing ample outdoor space that is larger than most on its street. While the living area (1,358 sqft) is modest, the finished basement expands the usable space. Recent sale history shows consistent value growth, and its current assessed value ranks within the top 15% citywide, suggesting it is a solid asset in Winnipeg’s market.
The property would suit first-time buyers or downsizers seeking a modern, low-maintenance home in a planned community. It also appeals to value-conscious buyers who prioritize a move-in ready condition with a renovated basement for extra living or recreational space. A less obvious angle is its potential for buyers who appreciate data-driven decisions; the home consistently performs well in key metrics like assessed value and recent sale price compared to its immediate neighbours and the wider city, indicating a stable investment.
Frequently Asked Questions
1. How does the lot size compare to others in the area?
At 4,063 sqft, the lot is larger than approximately 70% of properties on the same street, offering more private outdoor space than is typical in this part of Bridgwater Forest.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specific finishes and room layouts are not detailed here. A viewing or inquiry with the listing agent would provide those specifics.
3. The home ranks lower within the neighbourhood for living area. How does it feel inside?
While the above-grade living area is 1,358 sqft, the renovated basement significantly adds to the total functional space. The home's overall footprint and open layout of newer builds often make efficient use of the square footage.
4. The assessed value seems low compared to recent sale prices. Why?
Manitoba assessed values for tax purposes often lag behind current market values. The consistent increase in sale price from 2021 to 2022 ($44.1k to $54.8k), both well above the $51.9k assessment, is a stronger indicator of its market value.
5. Is this a good investment compared to similar homes?
The data suggests a strong value history. Key metrics like its last sale price and assessed value rank in the top 15-30% citywide, and it has outperformed most neighbourhood comparables in recent sales, indicating it holds its value well relative to the broader market.