Property Overview: 395 Oak Lawn Road, Bridgwater Forest
Key Characteristics & Appeal
This 2011-built, single-storey home in the popular Bridgwater Forest neighbourhood sits on a generous, nearly 5,000 sqft lot. Its key features include an attached garage and a full basement (present but not renovated, offering a blank canvas). The home’s primary appeal lies in its established location within a relatively newer community, offering a balance between mature landscaping and modern community planning.
The property presents a clear value proposition for specific buyers. It is well-suited for first-time homeowners or downsizers seeking a manageable single-level layout in a desirable area, where the lot size and location are the main draws. The unrenovated basement and living space, which is modest compared to the lot and some neighbouring homes, indicate this is an opportunity property. It’s ideal for a buyer comfortable with personalizing the space over time, prioritizing land and location in Bridgwater Forest over immediate move-in perfection. A thoughtful perspective is that while the home’s assessed value ranks highly city-wide, its metrics within its immediate street and neighbourhood are more modest, suggesting a property with strong foundational value but surrounded by higher-value homes—a potential for long-term equity growth as the area continues to mature.
Frequently Asked Questions
1. What is the true condition of the basement?
The listing specifies the basement exists but is "not renovated." Buyers should anticipate it as unfinished or in a basic state, requiring investment to become livable space.
2. How does this home compare to others on the street?
Data shows this property ranks in the lower third on Oak Lawn Road for living area, assessed value, and recent sale price. This means it is one of the more accessible entry points onto a street with presumably larger or more updated homes.
3. Is the 2011 build date an advantage?
Yes, a 15-year-old home is newer than 88% of properties in Winnipeg, meaning major components like the roof, windows, and HVAC are likely in good condition but may be approaching the age where routine maintenance or updates should be budgeted for.
4. The lot is large, but what about the house size?
With 1,462 sqft of living space, the home itself is more compact than the lot size might imply. This layout maximizes yard space, which is ideal for those who value outdoor room, but may require efficient use of the interior footprint.
5. Why is there a significant difference between the assessed value and the 2023 sale price?
The assessed value ($50.30k) is for taxation purposes and is not a market valuation. The 2023 sale price of $53.50k is the actual market transaction figure. This large gap is typical and reflects different valuation methods and timelines; the market sale price is the relevant figure for current value discussion.