Property Overview: 359 Oak Lawn Road, Bridgwater Forest
Key Characteristics & Appeal
This well-maintained two-storey home in the popular Bridgwater Forest community offers a balanced, modern living package. Built in 2013, it sits on a generous 4,409 sqft lot and features 2,086 sqft of living space, an attached garage, and a renovated basement. Its appeal lies in its established-yet-contemporary feel within a sought-after neighbourhood, providing a turnkey solution with room to grow.
The home’s metrics reveal a thoughtful perspective: while its lot size is above average for the street, the living area and assessed value rank highly within Winnipeg overall, suggesting a property that offers more space and value at a city-wide level than its immediate street comparison might indicate. This positions it as a solid, understated performer in the broader market. The renovated basement adds immediate functional space without the need for a project.
This property would suit first-time move-up buyers looking for a modern home in a family-friendly community without the premium of a brand-new build. It’s also ideal for professionals seeking a low-maintenance, established property with updated finishes and convenient access to amenities. The combination of space, updates, and location offers a pragmatic choice for those valuing both community and investment.
Frequently Asked Questions
1. How does this home compare to others in Bridgwater Forest?
The home is newer than about 75% of properties in the neighbourhood and has a larger living area than 65% of them. Its assessed value is higher than 60% of neighbourhood homes, placing it in a competitive middle-to-upper range for the area.
2. What is the significance of the "renovated basement"?
While specific finishes aren’t detailed, a renovated basement typically means it is finished as livable space (e.g., recreation room, bedroom, or office) with proper flooring, walls, and ceiling, adding valuable functional square footage to the home.
3. The home sold in 2016 for $43.8k. Why is the assessed value now $61.10k?
The 2016 sale price appears to be an anomaly or may reflect a non-arms-length transaction (e.g., between family members). The current assessed value of $61,100 is a municipal valuation for tax purposes and is more aligned with typical market values for the area and home type.
4. Is the lot size a pro or con?
At 4,409 sqft, the lot is larger than most on the same street (better than 94%), offering more outdoor space than many newer community lots. However, it is slightly below the neighbourhood average, providing a good private yard without excessive maintenance.
5. What does the data say about the home’s investment potential?
The rankings indicate strong fundamentals: it’s newer than 90% of Winnipeg homes and has more living space than 92% of them. This suggests the property holds intrinsic value due to its modern age and efficient use of space, which are positive indicators for long-term appeal.