Property Overview & Key Characteristics
83 Bridlewood Road is a modern, two-storey family home in Winnipeg's Bridgwater Forest community. Built in 2011, it sits on a generous 6,085 sqft lot and features a renovated basement and an attached garage. The 2,244 sqft living area is notably spacious, ranking in the top 5% for size across Winnipeg. The home's appeal lies in its combination of contemporary build, above-average roominess, and a highly desirable location within a newer suburb. Its strong market performance is evidenced by its 2023 sale price of $940k, which places it in the top 1% of Winnipeg sales historically, suggesting a property that has significantly outpaced average market appreciation.
This home would best suit established families or professionals seeking a move-in ready property in a sought-after, modern neighbourhood. It’s particularly fitting for buyers who value space, a recent build date, and a home with a proven track record of value growth. A thoughtful perspective is that while the home ranks very high in city-wide comparisons, its rankings within its own immediate street and neighbourhood are more varied, indicating it's in a high-calibre area where it is a competitive, but not the absolute largest or newest, property—offering a balanced position within a premium market.
Frequently Asked Questions
1. How does the 2023 sale price compare to the current assessed value?
The home sold for $940,000 in July 2023, which is significantly higher than its $82,700 assessed value. It's important to understand that municipal assessed value for property taxes is not a market valuation; the sale price is the true indicator of its recent market worth.
2. What do the ranking percentages actually mean?
The rankings compare this property against others on the same street, in Bridgwater Forest, and across all of Winnipeg. For example, being "better than 95% in Winnipeg" for living area means only 5% of Winnipeg homes are larger, highlighting its standout spaciousness.
3. Is the basement renovation reflected in the assessed value?
Typically, finished basements add to a home's market appeal and sale price, as seen here, but may not be fully captured in the municipal assessment, which can explain part of the gap between the sale price and the assessed value.
4. What is the significance of the lot size?
At over 6,000 sqft, the lot is larger than half the lots on Bridlewood Road. In a newer community like Bridgwater Forest, this offers valuable outdoor space and potential, which can be a premium feature as neighbourhoods mature and lots in new developments often become smaller.
5. The home ranks very high city-wide but lower within its own street. Is that a concern?
Not necessarily. This pattern is common in desirable, uniform neighbourhoods. It indicates you are purchasing into a consistent, high-quality area where even an "average" street property still excels in the broader market, offering stability and community appeal.