Property Overview & Key Characteristics
This well-maintained, one-storey home in Bridgwater Forest offers a practical and comfortable living space. Its key appeal lies in a combination of a desirable, newer-build foundation (2011) and a recently renovated basement, providing modern, move-in-ready space. With an attached garage and a generous, nearly 5,000 sqft lot, it balances indoor and outdoor living.
The home’s standout characteristic is its strong value proposition within its immediate context. While the living area is modest for the street, the property ranks highly for its newer age and recent sold price compared to wider Winnipeg, suggesting it is a competitively priced, newer home in a popular area. It would suit first-time buyers or downsizers seeking a modern, low-maintenance bungalow layout in a family-oriented neighbourhood, without the premium price tag of a brand-new build. A thoughtful perspective is that this property represents a "sweet spot" – it has already undergone key updates like the basement renovation, allowing buyers to avoid immediate major projects while still having a newer roof and major systems.
Frequently Asked Questions
1. How does the size of this home compare to others on the street?
The living area is 1,449 sqft, which is on the more modest side for Charlottetown Road, ranking better than only 13% of homes on the same street. This indicates most neighbours have larger homes, which is a factor in its accessible price point.
2. What does the sold price history indicate about the property's value?
The home sold for $575,000 in August 2024, a decrease from its 2022 sale price of $676,000. This recent sale establishes a current market value and may reflect broader market adjustments, presenting a more affordable entry point to the neighbourhood now than two years ago.
3. Is the lot size a significant feature?
Yes. At 4,958 sqft, the land area is a substantial asset, ranking better than over half the lots on the street. This provides ample private outdoor space, which is a key perk in a newer subdivision and offers potential for gardening, play, or future landscaping projects.
4. The home is noted as newer (2011). What are the advantages of this?
A 2011 build means major components like the roof, windows, furnace, and electrical system are likely still within their typical lifespans, reducing the risk of near-term costly replacements. It also means the home was built to more modern building codes and energy efficiency standards.
5. How does the assessed value relate to the recent sale price?
The 2024 assessed value is $541,000, which is notably lower than the August 2024 sale price of $575,000. This is common, as assessed values for taxation often lag behind current market values. The sale price is the definitive indicator of its recent market worth.