312 Oak Lawn Road

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 4,814 sqft lot and offers 2,286 sqft of living space. The home features an attached garage and a basement that is present but not renovated. Its appeal lies in its above-average living area compared to most homes in the city and its location in a sought-after, relatively new community. The property suits buyers looking for a spacious family home in a planned neighbourhood, who are comfortable with a house that may require some updates or personalization, particularly in the basement. A thoughtful perspective is that while the assessed value is currently modest, the home’s physical size and lot dimensions provide a solid foundation for future value growth as the community continues to mature.

Key Details & FAQs

Key Characteristics & Appeal

• Spacious Modern Footprint: With living space larger than 95% of Winnipeg homes, this property offers significant room for family life. The lot size is also substantial for the area.
• Bridgwater Forest Location: Part of a popular, master-planned community known for its trails, parks, and newer amenities, ideal for those seeking a suburban lifestyle with modern infrastructure.
• A Solid Foundation, Not a Turn-Key Project: The home presents a valuable opportunity. Its major structural elements (size, lot, location) are strong assets, but the unrenovated basement means the next owner can customize it to their taste without paying a premium for someone else’s finished work.
• Ideal Buyer Profile: This home best suits practical buyers or young families who prioritize space and location over immediate move-in perfection. It’s a fit for those who see potential and are planning to stay long enough to add value through thoughtful updates.

Frequently Asked Questions

1. Why is there such a difference between the Assessed Value and the last Sold price?
The assessed value is used for municipal tax purposes and often lags behind the current market. The last sold price from 2016 is a historical data point and not reflective of today’s market value. A professional appraisal or comparative market analysis is needed for an accurate current value.

2. What does "Better than X%" in the rankings actually mean?
These percentile rankings compare this specific property against others in the named area (street, neighbourhood, city) for that particular metric. For example, "Better than 95% in Winnipeg" for living area means this home is larger than 95% of the homes used in that Winnipeg comparison.

3. The basement is "not renovated." What condition should I expect?
Typically, this means the basement is unfinished or only partially finished with basic builder-grade materials. It likely has concrete walls and floors, with rough-in for plumbing and electrical, awaiting drywall, flooring, and design finishes. Viewing the property is essential to understand the exact state.

4. Is Bridgwater Forest a good community for families?
Yes, it is widely considered a family-friendly neighbourhood. It was master-planned with an emphasis on parks, walking paths, and community layout. However, as with any area, prospective buyers should visit at different times of day to gauge traffic, noise, and overall atmosphere for themselves.

5. How does the age of the home (15 years) factor in?
A 2011 build means major components like the roof, windows, and HVAC system are likely original and may be approaching the middle or end of their typical service life. A thorough home inspection is crucial to understand the condition and anticipate any near-term maintenance or replacement costs.