Property Overview: 118 Appleford Gate, Bridgwater Lakes
Key Characteristics & Appeal
This well-situated, single-storey home in the popular Bridgwater Lakes community offers a blend of modern convenience and established comfort. Built in 2015, it sits on a generous 5,884 sqft lot, providing ample outdoor space that ranks highly within its own street. The home features a renovated basement and an attached garage. Its core appeal lies in its strong positioning within the broader Winnipeg market: it ranks in the top 35% of the city for size and the top 8% for the newness of its build, suggesting a relatively modern home in a desirable area. The current assessed value is notably strong, ranking in the top 7% city-wide for its valuation bracket.
This property would suit buyers looking for a move-in ready, low-maintenance bungalow layout in a family-friendly neighbourhood. It’s particularly appealing to those who value a large yard and recent construction, but who may prioritize lot size over above-average interior square footage compared to immediate neighbours. The renovated basement adds valuable flexible living space. A thoughtful perspective is that this home represents a "sweet spot" – it’s not the newest or largest on the block, which can sometimes mean better value, yet its city-wide rankings indicate it holds substantial appeal against the broader market, potentially offering a balance of community amenities and prudent investment.
Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 1,504 sqft, the living area is somewhat typical for the street but is below the neighbourhood average. This suggests the property’s value is leveraged more in its lot size, modern age, and finished basement rather than in its main-floor square footage.
2. The assessed value seems high for the area. Why?
The assessed value of $595,000 ranks in the top 6% on its street and top 7% in Winnipeg. This likely reflects the renovated basement, the premium lot size, and the home's relatively recent build year (2015), which is newer than 92% of Winnipeg homes.
3. What does the sale history indicate?
The home last sold in January 2021 for $497,000. The increase in assessed value since then aligns with broader market trends and specific improvements, like the basement renovation.
4. Is the neighbourhood established?
Yes. Bridgwater Lakes is a developed community. With the home built 11 years ago, landscaping and streetscapes are mature, and community amenities are well-integrated, unlike in brand-new subdivisions.
5. Who might this home not suit?
Buyers seeking a very large interior living space on the main floor, or those wanting a brand-new build with builder warranties, might find other properties more suitable. It’s ideal for those who appreciate outdoor space and modern, but settled, communities.