Property Overview: 53 Maple Creek Road, Bridgwater Forest
Key Characteristics & Appeal
This well-situated one-storey home in the popular Bridgwater Forest neighbourhood offers a blend of space, modern updates, and strong community standing. Built in 2011, the home features a renovated basement and an attached garage on a large 6,423 sqft lot, providing ample outdoor space. Its key appeal lies in its proven value growth and above-average positioning within the market. The property’s assessed value ranks in the top 2% of Winnipeg, indicating strong municipal valuation, and its last sale price in 2016 was notably higher than most comparable sales at the time.
The home would suit buyers looking for a move-in ready property with a finished basement in a family-oriented, modern community. It’s particularly well-suited for those who value a spacious yard and appreciate a home with a track record of value appreciation relative to its peers. A thoughtful perspective for buyers is the home’s “efficiency of investment”; its metrics suggest you are acquiring a property that has historically performed better in value retention and growth than the vast majority of homes in the city, not just the immediate area.
Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 1,930 sqft, the living area is larger than 89% of Winnipeg homes, but is more average within Bridgwater Forest itself. This suggests you get a spacious home by city-wide standards in a neighbourhood where many properties are similarly sized.
2. What do the ranking percentages actually mean?
They show how this property compares to others in a specific group. For example, its lot size is better than 75% of homes on the same street, meaning it’s in the top 25% for street frontage and depth. These metrics help gauge relative desirability.
3. The assessed value seems low compared to the 2016 sale price. Why?
Municipal assessed value (here, $84,900) is for tax purposes and is typically lower than market value. The 2016 sale at $740k is a clearer indicator of its actual market price at that time, which was in the top 3% of Winnipeg sales then.
4. Is the renovated basement a legal suite?
The listing states the basement is renovated but does not specify it as a legal secondary suite. Buyers should verify the permits and nature of the renovations with the seller or their agent.
5. The home is 15 years old. What should I consider?
While modern, a 2011 build is entering a phase where original components (like the roof, HVAC, and major appliances) may be nearing the end of their typical lifespans. A thorough inspection is recommended to anticipate upcoming maintenance.