Property Overview
This one-storey home in Bridgwater Forest is a practical and well-situated property. Built in 2013, it sits on a generous lot of nearly 5,000 sqft and features an attached garage and a renovated basement. The home’s assessed value ranks highly within Winnipeg, suggesting it is a solid, established asset in the broader market. Its appeal lies in its move-in readiness within a popular, modern community, offering single-level living and extra developed space below grade. This property would suit first-time buyers looking for a manageable layout, downsizers seeking a main-floor primary bedroom, or investors attracted by the stable value and desirable neighbourhood.
Key Details & Considerations
- Key Characteristics: A 1,561 sqft bungalow on a 4,828 sqft lot, built in 2013. It includes an attached garage and a renovated basement.
- Primary Appeal: Modern construction in a sought-after suburban community, combined with the convenience of single-storey living and the added value of a finished basement.
- Ideal Buyer Profile: Ideal for first-time homeowners, empty-nesters looking to downsize without sacrificing space, or pragmatic buyers who value the low-maintenance layout and the neighbourhood's amenities.
Frequently Asked Questions
1. How does this home compare in size to others on the street?
The living area is more compact than many neighbours', ranking in the lower third for square footage on Deer Ridge Bay. However, the lot size is above average for the street, offering more outdoor space.
2. What does the high city-wide assessment ranking indicate?
While the home’s assessed value is mid-range for its immediate area, it ranks in the top 6% across all of Winnipeg. This suggests the Bridgwater Forest neighbourhood itself carries a premium, contributing to strong overall property value retention.
3. Has the property value increased since its last sale?
Yes. It sold for $55,900 in January 2021 and now has an assessed value of $61,700, indicating appreciation. Market conditions and any subsequent renovations would influence the final sale price.
4. Is the basement renovation reflected in the official living area?
No. The 1,561 sqft living area typically refers to above-grade, finished space. The renovated basement provides additional functional area that is not included in that official figure.
5. What is the significance of the "Year Built" ranking?
Built in 2013, this home is newer than about 75% of properties in Bridgwater Forest and 90% in Winnipeg. This means major components like the roof, HVAC, and windows are relatively recent, potentially reducing near-term maintenance costs compared to older homes.