Property Overview
This 2011-built, one-storey home in Bridgwater Forest offers a practical layout with an attached garage and a full, unfinished basement on a 4,630 sqft lot. Its primary appeal lies in its established yet relatively modern construction within a popular planned community, offering a balance of newer infrastructure and settled greenery. The home suits first-time buyers or downsizers seeking a manageable, single-level living space with clear potential for future basement development. A thoughtful perspective is its strong ranking in assessed value compared to most of Winnipeg (top 17%), suggesting it holds its value well in the broader market, despite more average rankings within its immediate neighbourhood. The lot size is also a quiet advantage, being larger than 59% of others on the same street, providing above-average outdoor space for the area.
Frequently Asked Questions
1. What does the "unfinished basement" entail?
The basement is a full, undeveloped space. This is a key opportunity for customization, allowing a new owner to design and finish it to their specific needs, whether for extra bedrooms, a recreation room, or storage, without needing to undo previous work.
2. How does the property compare to others in Bridgwater Forest?
The data presents a mixed picture. While the home ranks in the top third for lot size and assessed value on its specific street, its rankings for living area and year built fall within the middle or lower ranges for the wider Bridgwater Forest neighbourhood. This indicates a property that is strong on its particular block but may be considered more standard within the broader community context.
3. The home sold in May 2023. What does that recent sale indicate?
The May 2023 sale price was higher than 88% of recorded sales in Winnipeg at that time, demonstrating strong market appeal. This recent transaction provides a clear, modern benchmark for the property's market value, which can be helpful for understanding current price positioning.
4. Is the property a good value relative to its assessment?
The home's assessed value ranks higher than its sold price did in 2023 (top 17% vs. top 12% for Winnipeg, respectively). This doesn't directly predict sale price, but it indicates the city's assessment aligns with the property holding a relatively high value position city-wide.
5. Who might this property not suit?
Buyers looking for a move-in-ready home with a fully developed lower level or those seeking a brand-new build may find the unfinished basement and 15-year-old construction date less appealing. It is best suited for owners comfortable with a project or who don't require the basement living space immediately.