Property Overview
5 Whitewood Avenue is a modern two-storey home in the sought-after Bridgwater Forest neighbourhood. Built in 2010, it sits on a generous 5,425 sqft lot and features an attached garage and a renovated basement. With 1,594 sqft of living space, it offers a comfortable footprint for family life. The home’s assessed value is notably strong compared to most of Winnipeg, ranking in the top 12% citywide, which suggests a well-maintained property in a stable area.
Key Characteristics & Appeal
This home’s primary appeal lies in its balance of modern convenience and established community. As a 16-year-old property in a planned neighbourhood, it offers the reliability of newer construction while being past the initial settling phase. The renovated basement adds valuable, flexible space for a growing family, a home office, or recreation. Its lot size is larger than most on the street, providing above-average outdoor space for the area.
The property suits first-time buyers or young families looking for a move-in ready home in a popular suburb without the premium of a brand-new build. It also appeals to value-conscious buyers who recognize the advantage of a lower assessed value relative to its Winnipeg ranking—a potential indicator of favourable property taxes. A less obvious perspective is its appeal to those who prefer a neighbourhood with mature landscaping and established community dynamics, as opposed to the ongoing construction found in newer subdivisions.
Frequently Asked Questions
1. How does the sold price from 2020 relate to today's value?
The home sold for $460k in June 2020. This historical data is a reference point, but current market conditions, updates made since then, and overall market appreciation will determine its present value.
2. What does the "rank" and "better than" data mean?
These metrics compare this property against others on its street, in Bridgwater Forest, and across Winnipeg. For example, being "better than 88% in Winnipeg" for assessed value means its assessment is higher than 88% of Winnipeg properties, which can be a sign of solid municipal valuation.
3. Is the lot size typical for Bridgwater Forest?
At 5,425 sqft, the lot is larger than all immediate neighbours on Whitewood Avenue (ranking 1/12), offering more private outdoor space than is standard for this specific street.
4. What are the implications of a renovated basement?
A renovated basement adds immediate functional living space without the need for a major project. Buyers should inquire about the quality of the renovation, whether permits were obtained, and the intended use of the space to ensure it meets their needs.
5. The home ranks lower for "year built" within the neighbourhood. Is this a concern?
Being newer than only 29% of homes in Bridgwater Forest simply reflects that the neighbourhood has continued to develop with newer homes built after 2010. It does not indicate an issue with the property itself, but rather shows it is part of the earlier phase of this community's development.