Property Overview: 38 Oak Lawn Road, Bridgwater Forest
Key Characteristics & Appeal
This well-presented two-storey home in the popular Bridgwater Forest community offers modern living in a sought-after area. Built in 2014, it sits on a generous 4,589 sqft lot and features 2,252 sqft of living space, an attached garage, and a renovated basement. The home’s assessed value of $660k ranks it within the top tier for both the neighbourhood and the wider city, indicating strong built-in equity and above-average desirability.
Its primary appeal lies in its balance of space, modernity, and location. The renovated basement adds immediate functional living area without the need for a project. While the lot size is above average for the street, the home’s true standout metrics are its living area and assessed value, which rank in the top 5% and 4% citywide, respectively. This suggests a property that offers more interior space and perceived value than the vast majority of Winnipeg homes.
This property would suit growing families or professionals seeking a move-in ready home in a modern suburb. It’s particularly well-matched for buyers who prioritize interior square footage and recent builds, and who value the community amenities and planned feel of Bridgwater Forest. The strong assessment value also makes it a sensible consideration for those viewing a home as a long-term investment.
Frequently Asked Questions
1. How does the 2020 sale price compare to the current asking price?
The home sold for $520,200 in February 2020. The current assessed value is $660,000. This difference reflects market appreciation and any renovations completed since that sale, notably the basement renovation mentioned.
2. What do the ranking percentages (e.g., "Top 37%") actually mean?
These rankings compare this specific property against all others in the stated area (street, neighbourhood, or city) for that metric. For example, its living area is larger than 95% of homes in Winnipeg (Top 5%), meaning it is exceptionally spacious by city standards.
3. The lot is ranked "better than 18% in same street." Is that a concern?
This indicates the lot size is on the smaller side for Oak Lawn Road itself, but it's still a substantial 4,589 sqft lot that is above average for the broader Bridgwater Forest neighbourhood. It suggests homes on this street may have varied lot sizes, with this one being more typical of the modern community standard.
4. Is the home’s age (2014) an advantage?
Yes. Being 12 years old places it in a sweet spot: major components are still relatively new and under warranty periods, but any initial "newness" issues have likely been resolved. It ranks as newer than 91% of Winnipeg homes, offering modern construction without the premium price of a brand-new build.
5. What is indicated by the "Similar Assessed Value" properties listed?
These are homes across Winnipeg that share the same municipal assessed value ($660k). They are not necessarily similar in style or location but indicate what price point the market correlates with this assessment. It shows that at this value point, buyers may be comparing diverse neighbourhoods and home types.