Property Overview: 383 Oak Lawn Road, Bridgwater Forest
Key Characteristics & Appeal
This well-situated two-storey home in the popular Bridgwater Forest neighbourhood offers a blend of space, modern updates, and established community living. Built in 2011, the home sits on a large lot (over 8,000 sq ft) that ranks in the top 7% for size on its street, providing ample outdoor space—a relative rarity in newer communities. With over 2,300 sq ft of living area, the interior space is also generous, ranking in the top 4% compared to Winnipeg homes overall. A key feature is the renovated basement, adding immediate move-in readiness and functional space.
The primary appeal lies in its balance. It’s a home that has passed the initial "newness" phase but remains contemporary, with the major project of a basement renovation already completed. The lot size is a significant, less obvious advantage, offering more privacy and room for gardens or recreation than many newer properties. It suits buyers looking for a turnkey family home in a sought-after, master-planned area, who prioritize indoor and outdoor space over having the absolute newest build. The strong rankings for lot and living area against city-wide benchmarks suggest a property that offers above-average substance in a desirable location.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value is a municipal figure for tax purposes and often differs from market value. It can be a useful benchmark, but the selling price will be determined by current market conditions, the home’s updated condition, and buyer demand for the area.
2. The home was last sold in 2020. What does that indicate?
The 2020 sale suggests the current owners have likely undertaken the basement renovation and other maintenance during their tenure, providing a recent history of investment and care. It also indicates the property isn’t subject to rapid turnover.
3. What does the "rank by year built" figure mean for a 2011 home?
While the home is newer than 88% of Winnipeg properties, it’s in the middle of the pack within its own street and neighbourhood. This means it’s surrounded by a mix of homes of similar and newer age, confirming it’s in a mature, established phase of the community rather than an active construction zone.
4. Are the lot size and living area typical for Bridgwater Forest?
No, that’s a key feature. The lot size is larger than 93% of lots on the street and the living area is larger than 81% in the neighbourhood, meaning this property offers more scale than many of its immediate peers.
5. What is the significance of the nearby comparable properties listed?
The list of homes with similar assessed values in other neighbourhoods highlights what a buyer might consider in a different area for a similar tax valuation. Meanwhile, the nearby addresses on Oak Lawn Road show the immediate context, allowing for research on the specific streetscape and community feel.