Property Overview
This two-storey home in Bridgwater Forest is a substantial property that stands out for its generous proportions and established value. Built in 2008, it sits on a large 6,658 sqft lot and offers nearly 2,900 sqft of living space. Its key appeal lies in its significant above-average rankings within its immediate area; it sits in the top tier for lot size, living area, and assessed value on its street and in the wider neighbourhood. A renovated basement adds modern, functional space. While the home is newer than most in Winnipeg, it is one of the older homes within Bridgwater Forest itself, suggesting a well-established streetscape with mature landscaping. The property last sold in 1994 for $940k, and its current assessed value is $1.21M.
This home is ideally suited for buyers looking for a spacious, move-in-ready family home in a sought-after modern community, who value ample indoor and outdoor space over a brand-new build. It would particularly appeal to those who appreciate a property with a proven value trajectory and who want a home that already feels settled and established within a newer neighbourhood.
Frequently Asked Questions
1. How does the 2008 build year compare to the rest of the neighbourhood?
While newer than 85% of homes in Winnipeg, this property is actually older than 98% of homes in Bridgwater Forest. This means it offers more mature trees and landscaping compared to newer lots in the area, but systems like the roof or HVAC may be closer to requiring updates than a brand-new home.
2. The assessed value is significantly higher than the 1994 sale price. What does this indicate?
The $1.21M assessment reflects the current municipal valuation for taxation, which has grown substantially from its last sale price 30 years ago. This growth highlights the long-term appreciation in the area, but the actual market sale price will be determined by current conditions and buyer competition.
3. What is the significance of the high ranking for lot and living area?
Ranking in the top 10-15% on its street and in the neighbourhood for both metrics confirms this is one of the larger properties available. Buyers get more private outdoor space and more interior square footage than most comparable homes nearby, which is a key differentiator.
4. Is the renovated basement included in the living area square footage?
Typically, municipal living area calculations do not include below-grade space, even if finished. The 2,898 sqft likely refers to above-grade living space. The renovated basement is a valuable bonus that adds functional living area beyond the official figure.
5. Who might this home not be suited for?
It may not suit buyers seeking a brand-new, low-maintenance build with modern builder warranties. Additionally, the size and likely utility costs are geared towards a family or those needing significant space, rather than a first-time buyer or someone looking to downsize.