Property Overview: 51 Poplar Point, Bridgwater Forest
Key Characteristics & Appeal
This two-storey home in the established Bridgwater Forest neighbourhood presents a balanced, move-in-ready opportunity. Built in 2011, it sits on a generous 5,308 sqft lot, offering more outdoor space than over half the homes on its street. The home itself features 1,609 sqft of living space, a renovated basement, and an attached garage. Its appeal lies in its solid positioning within a desirable, modern community—it’s not the newest nor the largest home on the block, but it ranks consistently above average for its assessed value, lot size, and year built compared to both the immediate area and the wider city. This suggests a well-maintained property in a stable setting.
The home would suit first-time buyers or young families looking for a established, low-maintenance property in a planned neighbourhood without paying a premium for a brand-new build. It also appeals to value-conscious buyers who appreciate a renovated basement and a larger-than-average yard in a community where lot sizes can vary. The strong assessment value relative to Winnipeg indicates a property with proven resilience in the broader market.
Frequently Asked Questions
1. How does the lot size compare practically?
At 5,308 sqft, the lot is larger than 58% of others on Poplar Point. This typically allows for more private backyard space, room for gardening, or potential for additions like a deck or shed, compared to many newer, narrower lots in similar communities.
2. What does the assessed value ranking mean?
The assessment of $566,000 is higher than 90% of properties in Winnipeg, indicating the city assesses it as a well-above-average property for tax purposes. However, it's closely aligned with the neighbourhood average, suggesting its value is consistent within Bridgwater Forest itself.
3. The home was built in 2011. What should I consider?
A 15-year-old home is past its initial builder warranty period but is still considered modern. Major components like the roof, furnace, and windows may be nearing mid-life, so a thorough inspection is advised to anticipate upcoming maintenance, unlike a newer build.
4. How does the living space compare for the area?
At 1,609 sqft, the home is spacious for its street (ranking in the top 23%) but is closer to the average within the larger Bridgwater Forest neighbourhood. This indicates it offers very good interior space for its immediate location, which may not be as apparent when comparing to the whole community.
5. What is the significance of the 2016 sale price?
The home sold for $429,000 in 2016. The current assessed value being significantly higher reflects market-wide appreciation over eight years. This history shows the property has grown in value, which is typical for the area and period.