Property Overview
This well-maintained two-storey home in Bridgwater Lakes offers modern family living in a sought-after Winnipeg community. Built in 2012, it sits on a spacious 5,430 sqft lot and features 2,294 sqft of living space, an attached garage, and an unfinished basement. Its appeal lies in a balance of established comfort and future potential. The property ranks highly within Winnipeg for its above-average living area and strong recent sale value, suggesting a solid investment in a desirable area. It particularly suits growing families or professionals seeking a move-in ready home in a newer neighbourhood, with the unfinished basement offering a blank canvas for customization. A thoughtful perspective is that while the home ranks in the middle of its immediate street for some metrics, it outperforms most of the city, indicating you’re buying into a strong overall area where even an "average" street property holds significant value.
Key Details & Suitability
- Key Characteristics: A 14-year-old two-storey with generous lot size (5,430 sqft), good living space (2,294 sqft), and an attached garage. The basement is unfinished, offering storage or future expansion.
- Primary Appeal: Move-in readiness combined with the opportunity to add value through basement development. The strong rankings for living area and recent sale price compared to all of Winnipeg point to a sound purchase in a popular, modern neighbourhood.
- Ideal Buyer: Best suited for a family or long-term buyer who appreciates a established home on a large lot in Bridgwater Lakes. The buyer should be comfortable with a home that is well-kept but may need periodic updates, and who sees the unfinished basement as a pro for future personalization.
Frequently Asked Questions
1. How does this property really compare to its neighbours?
While its rankings on its own street are mixed, it consistently performs well within the broader Bridgwater Lakes neighbourhood and exceptionally well across Winnipeg. This suggests you're purchasing in a high-calibre area where the property holds its value strongly.
2. What does the "unfinished basement" entail?
The basement is a blank canvas—it is structurally complete with plumbing and electrical rough-ins likely in place, but requires flooring, walls, and ceilings to be finished to create livable space. This is a key opportunity to add value and customize the home to your needs.
3. The assessed value is significantly lower than the last sale price. Why?
Municipal assessed value for tax purposes often lags behind market value and is calculated using a different methodology. The recent sale price of $65.70k is a more accurate reflection of the home's current market value.
4. Is the property likely to require major updates soon?
As a home built in 2012, major structural components should be in good shape. Buyers should budget for the natural lifecycle updates of a 10+ year-old home, such as potential appliance replacement, flooring refresh, or exterior paint, which are typical for this age.
5. What is the community of Bridgwater Lakes like?
It is a modern, master-planned community in south Winnipeg known for its lakes, pathways, parks, and family-friendly atmosphere. The property's strong city-wide rankings for desirability (living area, sale price) are a direct reflection of the neighbourhood's popularity.