Property Overview
This two-storey home in Bridgwater Forest is a well-situated property with strong foundational value. Built in 2011, it offers modern construction on a generous 6,085 sqft lot. The home features an attached garage and a full, unrenovated basement, presenting a blank canvas for future expansion. Its appeal lies in its established yet relatively new neighbourhood setting, combined with metrics that suggest it is a high-value proposition within the wider Winnipeg market. The property ranks notably high for its assessed value compared to the city and neighbourhood, indicating a solid municipal valuation foundation relative to its last sold price in 2019.
This home would suit practical buyers looking for a move-in-ready family home in a popular suburban community, as well as value-oriented purchasers who see potential in the unfinished basement for customization or future equity growth.
Key Details & Questions
What are the key characteristics?
The home has 1,914 sqft of living space, an attached garage, and a full basement that has not been renovated. It sits on a large lot that is bigger than most on its street. Key data points show its assessed value ranks very highly (top 3%) city-wide, suggesting strong underlying value relative to other Winnipeg properties.
Where does its main appeal lie?
Beyond the modern build and family-friendly neighbourhood, a less obvious appeal is its statistical standing. It outperforms a significant majority of Winnipeg homes in assessed value rank, which can be a marker of stable municipal valuation and long-term equity potential. The large lot in a newer community also offers space and established landscaping.
Who would this property suit best?
It's ideal for growing families seeking a turnkey home in Bridgwater Forest with room to grow, either in the unfinished basement or on the sizable lot. It would also suit buyers who prioritize metrics indicating good value retention and future potential over a fully finished property.
Five Possible FAQs
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Why is there a difference between the 2019 sold price and the current assessed value?
The assessed value is a municipal valuation for tax purposes, while the sold price is market-driven from five years ago. The high city-wide rank of the assessed value suggests the property is viewed as a high-value asset within Winnipeg's inventory.
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Is the unfinished basement a drawback or an opportunity?
This depends on the buyer. It requires investment to finish, but it offers the chance to customize the space to specific needs without needing to undo previous renovations, potentially adding significant value.
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The living area rank on the street is lower (72nd percentile). Should I be concerned?
Not necessarily. This indicates the home's interior size is more modest compared to some immediate neighbours, but it is balanced by a larger-than-average lot size and excellent overall value rankings in the broader area.
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What does the "Top 12%" rank for year built in Winnipeg mean?
It means this 2011-built home is newer than 88% of all properties in Winnipeg, offering more modern construction standards, materials, and likely energy efficiency compared to much of the city's housing stock.
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The home last sold in 2019. What should I consider?
Market conditions have changed since then. A key consideration is how the home's value fundamentals—like its lot size, assessed value rank, and location in a desirable neighbourhood—have held up or appreciated in the current market.