Property Overview: 47 Almington Bay, Bridgwater Forest
Key Characteristics & Buyer Appeal
This is a well-maintained, single-storey home built in 2011, situated on a generous 5,000+ sqft lot in the popular Bridgwater Forest neighbourhood. Its key features include a renovated basement and an attached garage. The home’s primary appeal lies in its balance of established comfort and future potential. While the living space (1,448 sqft) is modest relative to some newer builds in the area, the significant lot size offers valuable outdoor space and possibilities for expansion or landscaping. The recent basement renovation adds immediate modern living space without the need for initial projects.
The property’s history shows steady value growth, with assessed value rising notably since its last sale in 2021. Its rankings indicate it is a newer home on its street and within Winnipeg overall, but it presents as a more attainable option within the desirable Bridgwater Forest area compared to larger, higher-valued neighbouring homes.
This home would suit first-time buyers or downsizers seeking single-level living in a mature, family-friendly community without a brand-new build price tag. It’s also a practical fit for value-conscious buyers who prioritize lot size over sheer interior square footage and appreciate a home that is move-in ready but with a yard that allows for personalization.
Frequently Asked Questions
1. How does this home compare to others on the street?
It ranks in the top half for lot size but is one of the smaller homes in terms of living area on Almington Bay. However, it is one of the newer homes on the street, offering modern construction basics without being the most recent build.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the listing agent regarding the finish quality, permits, and whether it includes a legal secondary suite or additional bedrooms.
3. Has the property value increased?
Yes. The assessed value has risen from $46.5k in 2020 to $56.1k currently. It last sold for $52.5k in 2021, suggesting the market has recognized its value growth in the intervening years.
4. Who are the typical neighbours or buyers in Bridgwater Forest?
Bridgwater Forest is a master-planned community known for attracting families and professionals. The mix of home ages and sizes, as seen in the "also viewed" listings, suggests a diverse community ranging from young families in newer homes to established residents in older phases.
5. Are there any obvious drawbacks to consider?
The living area is below the neighbourhood average, which may be a consideration for growing families comparing it to similarly priced homes with more square footage. However, this is often reflected in a more accessible price point for the area, and the large lot can offset this for those who value outdoor space.