Property Overview: 77 Maple Creek Road, Bridgwater Forest
Key Characteristics & Appeal
This well-situated one-storey home in Bridgwater Forest presents a compelling blend of space, modernity, and established value. Built in 2012, it is a newer home relative to most in Winnipeg, ranking in the top 11% of the city for its year of construction. The property stands out for its generous, above-average lot size of nearly 6,900 sq ft, offering more outdoor space than 88% of homes on its own street. Inside, the 2,021 sq ft living area is spacious, placing it in the top 9% for size across Winnipeg. Key features include an attached garage and a renovated basement, adding to its functional appeal.
The home’s strong and consistent market performance is a notable highlight. Its current assessed value places it in the top 2% of Winnipeg, and its substantial price appreciation from its 2016 sale of $75.50k to its 2019 sale of $770k demonstrates significant historical growth. This profile suggests a property in a desirable, stable area that has matured well.
This home would suit buyers seeking a move-in ready, single-level layout in a prime suburban neighbourhood. It’s ideal for those who value a large yard and modern amenities without the upkeep of an older home. It particularly appeals to value-conscious purchasers who appreciate concrete metrics—the home ranks highly in assessed value, lot size, and year built compared to its peers, indicating a sound investment in a competitive segment of the market.
Frequently Asked Questions
1. How does the lot size compare to newer homes in the area?
At 6,887 sq ft, this lot is significantly larger than average. In Bridgwater Forest, a newer community, lot sizes have generally decreased over time. This property offers a more generous outdoor space that is now harder to find in recent constructions.
2. What does the home’s ranking in "assessed value" actually indicate?
Ranking in the top 2% in Winnipeg for assessed value doesn't just mean a high tax assessment. It strongly suggests the property is considered by the assessor to be among the most valuable relative to others, often reflecting desirable location, improvements, and property characteristics that the market consistently rewards.
3. The living area ranks higher city-wide than on its own street. What does this mean?
While the home is spacious compared to all of Winnipeg (top 9%), it’s more average on Maple Creek Road (top 60%). This indicates the street or immediate area may feature many similarly sized or larger homes, reinforcing the neighbourhood's appeal for those seeking substantial properties.
4. The home sold for $770k in 2019. How is the assessed value only $85.10k?
The $85.10k figure is the taxable assessed value for municipal property tax purposes, which is a fraction of the market value. The actual market value at the time of the 2019 sale was $770,000. These are two different valuations used for different purposes.
5. With two recent sales (2016 and 2019), does this indicate instability?
Not necessarily. Two sales in a short period could be due to various personal circumstances. More importantly, the data shows strong appreciation between those sales, and the home has now been held for several years, suggesting the current ownership period is more settled.