Property Overview: 72 Deer Ridge Bay, Bridgwater Forest
Key Characteristics, Appeal & Ideal Buyer
This two-storey home in the popular Bridgwater Forest community presents a compelling blend of space, modern updates, and established neighbourhood value. Built in 2014, its key characteristics include a generous 2,266 sqft of living area, a fully renovated basement, and an attached garage, all situated on a large 6,792 sqft lot. The home’s appeal lies in its strong positional value—it ranks in the top tiers for lot size, assessed value, and overall living space compared to most homes in Winnipeg, its neighbourhood, and even its own street. This suggests a property that has kept pace with or exceeded area growth.
Beyond the specs, its appeal is for buyers seeking a "move-in ready" foundation in a mature phase of a newer community. The renovated basement adds immediate functional space without the project hassle. It would suit growing families or professionals looking for established landscaping and community amenities, but who still appreciate a home that’s only 12 years old. A thoughtful perspective is that this property offers the rarity of a large lot in a relatively new area, providing room to grow that is often unavailable in similarly aged subdivisions. Its consistently high rankings in assessed value indicate a solid investment history, appealing to the value-conscious buyer who views a home as both a lifestyle and a financial asset.
Frequently Asked Questions
1. What does the ranking data (e.g., "Top 21%") actually mean?
This data compares the subject property against all listed properties in the given area (street, neighbourhood, or city) for that specific metric. For example, ranking "Top 19%" in Winnipeg for living area means this home is larger than approximately 81% of all Winnipeg properties in the database, indicating above-average interior space.
2. The assessed value is $72.10k, but it last sold for $69.50k in 2022. Why is this?
It's crucial to note that the assessed value listed is likely $720,100 (a common formatting omission on some data sites). The 2022 sale price of $695,000 provides a recent market benchmark. The increase to the current assessed value suggests official valuation growth in line with or exceeding market trends over the past two years.
3. How established is the Bridgwater Forest area?
With the home built in 2014, the community is now well past its initial construction phase. This means established parks, pathways, and landscaping, with less ongoing construction disruption than in brand-new subdivisions. The nearby similar properties listed suggest a cohesive, developed streetscape.
4. What is the significance of the large land area?
A lot size of nearly 7,000 sqft in a 2014-built community is a significant feature. It offers more private outdoor space than typical newer lots, allowing for larger decks, gardens, or play areas. This is a key differentiator for buyers comparing homes of a similar age and style.
5. Does the "renovated basement" include legal suites or additional bedrooms?
The provided details confirm the basement is renovated but do not specify the nature of the renovation or if it includes legal secondary suites. This is a critical point for verification with the listing agent, as it impacts value, utility, and potential rental income.