Property Overview: 108 Red Spruce Road, Bridgwater Lakes
Key Characteristics & Appeal
This 2015-built, two-storey home in the popular Bridgwater Lakes neighbourhood offers a modern, low-maintenance lifestyle. Its key features include a renovated basement, an attached garage, and a generous 2,339 sqft of living space situated on a large 6,078 sqft lot. The data suggests a home that stands out in several areas: it is newer, larger, and has a higher assessed value than the vast majority of Winnipeg homes. Specifically, it ranks in the top 4% of the city for living area and the top 5% for assessed value.
The appeal lies in its balance of space, modern construction, and established community. It’s a turnkey property in a sought-after area, requiring little immediate work. The renovated basement adds valuable flexible space for a growing family, a home office, or entertainment. This home would best suit buyers looking for a spacious, contemporary property in a family-oriented neighbourhood, who value above-average size and newer construction without being in a brand-new development. It’s also a strong candidate for those who appreciate a home with statistical advantages in key metrics compared to its local and city-wide peers.
Frequently Asked Questions
1. How does the 2020 sale price compare to the current assessment?
The home sold for $520,300 in September 2020. Its current assessed value is $644,000. This significant increase reflects broader market trends and specific improvements, like the basement renovation.
2. What do the ranking percentages (e.g., "Top 4% in Winnipeg") actually mean?
These rankings compare this property against all Winnipeg homes in the database for that specific metric. For example, being in the top 4% for living area means only 4% of listed Winnipeg homes have more interior space. It’s a quick way to gauge how this home’s size, age, and value stack up against the competition.
3. Is the lot size typical for Bridgwater Lakes?
At over 6,000 sqft, the lot is larger than 61% of others on Red Spruce Road and 62% within Bridgwater Lakes, offering more outdoor space than many neighbouring properties.
4. What might the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the finish. Prospective buyers should inquire about the scope of work, the quality of finishes, whether permits were pulled, and if it includes a bathroom or legal secondary suite potential.
5. How does this home compare to the nearby property at 103 Appleford Gate?
The provided comparison shows 103 Appleford Gate is slightly older (2014), significantly smaller (1,628 sqft), and has a lower assessed value ($470k). This highlights 108 Red Spruce Road as a larger, more valuable property within the same neighbourhood.