77 Oak Lawn Road

Property Overview: 77 Oak Lawn Road, Bridgwater Forest

Key Characteristics & Appeal

This is a well-maintained, modern one-storey home built in 2015, situated on a large lot in Winnipeg's popular Bridgwater Forest community. Its primary appeal lies in a combination of desirable location, recent updates, and strong value metrics. The home features a renovated basement and an attached garage, with a living area of 1,689 sqft on a substantial 6,294 sqft lot.

The property stands out for its impressive rankings against local comparables. It sits in the top quarter of its street for lot size and assessed value, and its newer build date (2015) places it in the top 10-15% of the neighbourhood and city. While the living space is more modest relative to the large lot, the home’s assessed value of $850k ranks in the top 2% citywide, suggesting a premium valuation for its location and condition. This profile suits buyers seeking a modern, low-maintenance home in a family-oriented community, particularly those who value outdoor space and a property with strong underlying value and equity. It may also appeal to downsizers looking for a single-level layout without compromising on lot size or neighbourhood amenities.

Frequently Asked Questions

1. How does the living space compare to other homes in the area?
At 1,689 sqft, the living area is more compact than many neighbouring homes, ranking in the top 85% on its street (meaning 85% of street homes are larger). This indicates a efficient use of space, potentially appealing to those who prioritize a large yard over a large interior footprint.

2. What does the high assessed value relative to the city indicate?
An assessed value in the top 2% citywide, on a home of this size, strongly signals that the location (Bridgwater Forest), lot size, and property condition are considered premium factors by assessors. It suggests a solid foundation of equity.

3. The home sold for $69.5k in 2020. Is that relevant?
That sale appears to be a historical transfer, likely not an arms-length market transaction (such as a title transfer between family members). The current $850k assessed value reflects its market value as determined by municipal assessment.

4. Is the renovated basement a legal suite?
The details state the basement is renovated but do not specify it as a legal secondary suite. Buyers should verify the permits and legal status of the renovations with the city if considering rental income potential.

5. What is the significance of the lot size ranking?
The lot is larger than 67% of those on the same street. In a newer community where lots can vary, this is a notable advantage, offering more private outdoor space and potential for landscaping, gardens, or expansions compared to many direct neighbours.