Property Overview
This two-storey home in Bridgwater Forest is a well-established property in a modern Winnipeg neighbourhood. Built in 2011, it sits on a generous 4,408 sqft lot and features 1,520 sqft of living space, an attached garage, and a renovated basement. Its recent sale in August 2024 for $570,000, significantly above its 2020 sale price and current assessed value, indicates strong market demand and potential for value growth. The home ranks highly for its newer construction and above-average lot size within its immediate area, appealing to buyers looking for a settled-in property in a planned community.
Key Characteristics & Appeal
The primary appeal of this home lies in its balance of space, location, and recent updates. The renovated basement adds immediate functional living area without the need for a major project. Its lot size is notably larger than many in the neighbourhood, offering more outdoor space—a valuable asset in a newer subdivision. The property suits first-time buyers or young families seeking a move-in-ready home in a community with established amenities, as well as value-conscious buyers who recognize the upside in a home with a recent, high-quality renovation. A less obvious perspective is its appeal to data-driven buyers: the home consistently ranks in the top tiers for year-built and lot size on its street, suggesting it was a premium lot for its time and is among the newer homes in the area, which can be a advantage for maintenance and infrastructure.
Frequently Asked Questions
1. What does the "renovated basement" include?
While the listing confirms the basement is renovated, specific details on finishes, layout, or whether it includes a legal suite should be verified with the seller or listing agent.
2. How does the recent sale price compare to the assessed value?
The home sold for $570,000 in August 2024, which is $20,000 above its current $550,000 assessed value. This typically reflects strong buyer demand and market conditions at the time of sale.
3. What are the main features of the Bridgwater Forest neighbourhood?
Bridgwater Forest is a master-planned community in south Winnipeg known for its parks, pathways, ponds, and family-friendly atmosphere with nearby schools and shopping.
4. Is the property subject to any local improvement charges or development fees?
As a home built in 2011 in a newer area, it's important to inquire if any frontage levies or local improvement charges have been fully paid or if any are pending.
5. What is the significance of the lot size ranking?
The lot is larger than 72% of others on the same street. This means you're getting more yard space than is typical for the area, which can provide more privacy and room for outdoor activities or landscaping.