Property Overview & Key Characteristics
This two-storey home in Bridgwater Forest is a well-established property in a sought-after neighbourhood. Built in 2010, it sits on a large 6,664 sqft lot, which is more spacious than over 80% of properties on its street. The home itself offers 2,656 sqft of living space, placing it in the top tier for size both locally and city-wide. Key features include an attached garage and a renovated basement. Recent sale history shows steady value appreciation, with a sale in July 2024 at $104,900k, significantly above its current assessed value.
Its appeal lies in the combination of a prime lot size in a mature section of Bridgwater Forest, ample interior space, and modern updates. The data suggests it's a property that outperforms most comparable homes in Winnipeg for living area and value, offering a sense of established stability rather than a brand-new build. This home would best suit growing families or professionals looking for a move-in ready property in a popular, family-oriented community, with the room to grow and the appeal of a renovated basement for additional living space.
Frequently Asked Questions
1. How does the lot size compare to newer homes in the area?
At 6,664 sqft, this lot is notably larger than many newer properties in Bridgwater Forest and surrounding communities, where lot sizes have generally decreased. This offers more outdoor space and privacy.
2. The assessed value is significantly lower than the recent sale price. What does this indicate?
This is common and suggests the market currently values the property higher than its municipal assessment, which often lags behind rapid market changes. The July 2024 sale price is a stronger indicator of its current market value.
3. Is the renovated basement a legal suite?
The details provided state it is a "renovated basement." This description does not confirm it as a legal secondary suite. Buyers should verify its status and compliance with local bylaws if rental income is a consideration.
4. The home is 16 years old. What should I be aware of?
A home of this age is likely past its initial warranty period. While the basement renovation is a plus, a thorough inspection of major systems (roof, HVAC, windows) for expected maintenance or upcoming replacement would be prudent.
5. What does the sale history tell us about the property's trajectory?
The home sold for $81.5k in 2016 and $104.9k in 2024, showing solid appreciation. This history, combined with its high rankings for size and value in Winnipeg, points to a property in a stable, desirable location that has held its value well over time.