37 Oak Lawn Road

Property Overview

This two-storey home in Bridgwater Forest is a modern, well-positioned property built in 2018. Its appeal lies in a combination of above-average size, contemporary age, and a strong value proposition within a sought-after neighbourhood. The home features a renovated basement and an attached garage on a generous 6,294 sqft lot. Market data indicates it consistently ranks in the top tiers of its immediate area for key metrics like living space, assessed value, and recent sale price, suggesting a property that has outperformed many of its peers.

Key Characteristics & Ideal Buyer

The home’s key characteristics are its modern construction, significant living space (2,556 sqft), and a large, developed lot. Its appeal is grounded in being a relatively new build that requires minimal immediate upkeep, coupled with quantifiable standing in the community—it ranks better than 94% of homes on its own street for living area and was in the top 1% for its most recent sale price. The renovated basement adds immediate functional space. This property would suit a growing family or professional couple looking for a move-in ready home in a established newer community like Bridgwater Forest. It’s particularly suited to buyers who value data-driven indicators of a property’s relative market position, as it scores highly across nearly every comparative metric provided.

Frequently Asked Questions

1. How does the assessed value compare to the last sale price?
The property was last sold in November 2022 for $116,500. Its current assessed value is $100,500. It’s important to consult with a real estate professional to understand current market conditions, as assessed value for taxation purposes and fair market value can differ.

2. What does the ranking data actually mean?
The rankings (e.g., "Top 6% in neighbourhood") are comparative metrics provided by the listing source. They show that this home’s living area, assessed value, and past sale price are larger or higher than the majority of comparable properties in its immediate area, indicating a strong historical performance.

3. Is the basement development legal and permitted?
The listing states the basement is "renovated." Prospective buyers should always verify the nature of the renovations, confirm whether any work was permitted, and ensure it meets all local building codes through their due diligence and inspections.

4. What is the community of Bridgwater Forest like?
Bridgwater Forest is a master-planned community in Winnipeg known for its newer homes, parks, pathways, and amenities. This home, being built in 2018, is part of the community's more recent phases of development.

5. Why is the lot size a notable feature?
At 6,294 sqft, the land area is larger than 67% of lots on the same street. In newer communities where lots can be narrower, this above-average lot size offers more potential outdoor space for gardening, play, or entertaining.