Property Summary: 304 Oak Lawn Road, Bridgwater Forest
Key Characteristics & Appeal
This is a well-maintained two-storey home built in 2011, situated on a generous 5,014 sqft lot in the popular Bridgwater Forest neighbourhood. Its key feature is a renovated basement, adding valuable finished living space to the 1,666 sqft main footprint. The home includes an attached garage.
The appeal lies in a combination of modern convenience and established community. Being a 15-year-old home, major initial settling is complete, yet it remains contemporary. The property’s competitive edge is reflected in its strong value history; its last sale price in 2022 ranks in the top 6% for Winnipeg, indicating a desirable and well-valued asset. While its living area is modest for the street, the renovated basement and large lot offer room to grow and adapt.
This home would suit first-time buyers or young families looking for a move-in-ready property in a sought-after master-planned community, without the premium of a brand-new build. It’s also a sensible choice for value-conscious buyers who appreciate a home with recent updates (the basement) and strong resale metrics, suggesting a sound investment within a stable neighbourhood.
Frequently Asked Questions
1. How does this home compare in size to others on the street?
The living area is 1,666 sqft, which is below the average for Oak Lawn Road. However, this is supplemented by the renovated basement. The lot size of over 5,000 sqft is notably larger than many in the area, offering excellent outdoor space.
2. What does the sold price history indicate?
The home sold for $62,800 in April 2022. Market-wide data shows this price performed exceptionally well, ranking higher than 94% of Winnipeg properties sold at the time, which points to strong buyer confidence in this specific home and location.
3. Is the assessed value the same as the market value?
No. The current assessed value is $56.50k. This is a value for taxation purposes and is typically lower than market value, as evidenced by the home selling for significantly more in 2022. Always rely on a current market evaluation for pricing.
4. What is the neighbourhood ranking based on?
The rankings (e.g., "Top 58% in neighbourhood") compare this property's specific metrics—like lot size, year built, or assessed value—against all other properties in Bridgwater Forest. It’s a relative gauge, showing where this home falls on the spectrum for each characteristic.
5. The home was built in 2011. Are there any concerns with that age?
A 2011 build is past the initial warranty period, meaning a thorough inspection is key. However, this age also means the home benefits from modern building codes and materials, and any early-issue "teething problems" should have already been addressed, offering a balance between newer design and established history.