Property Overview: 119 Appleford Gate, Bridgwater Lakes
Key Characteristics & Appeal
This 2016-built, single-storey home in the popular Bridgwater Lakes neighbourhood offers a modern, low-maintenance lifestyle on a generous 5,882 sqft lot. Its key appeal lies in a balanced combination of newer construction, above-average lot size, and a prime location within a well-regarded master-planned community. The home features an attached garage and an unfinished basement, presenting a valuable blank canvas for future expansion.
The property stands out statistically within its context. It ranks in the top 35% of Winnipeg for size and the top 7% for the newness of its build, meaning you get a contemporary structure without the premium of a brand-new home. Its lot is larger than 91% of others on the street, offering notable outdoor space for a newer subdivision. While the living area is modest relative to the neighbourhood, this positions the home as an efficient, manageable space.
This property would suit first-time buyers or downsizers seeking a modern, move-in-ready home in a family-oriented area with excellent amenities, trails, and schools. The unfinished basement is a significant asset for a handy buyer or future planner looking to customize and add value over time. It’s also a solid choice for an investor or buyer attracted by the strong fundamentals: a home younger than 93% of the city, in a high-demand area, with clear potential for equity growth through simple renovations.
Frequently Asked Questions
1. What does the "unfinished basement" actually mean?
It means the basement has been constructed to a rough-in stage, with plumbing and electrical stubs in place, but without finished walls, ceilings, or flooring. It’s a clean slate that allows you to design and finish the space to your specific needs and taste, potentially adding significant living area.
2. The assessed value seems low compared to nearby properties. Why?
The assessed value is for municipal tax purposes and is not a market valuation. It is based on a mass appraisal model from a prior base date. The market value is determined by recent sales of comparable homes, buyer demand, and the current condition of the property.
3. How does the 2016 sale price relate to today's value?
The 2016 sale price of $426,000 reflects the original purchase from the builder. It is a historical data point that shows the starting value. The current market value is influenced by a decade of market appreciation, neighbourhood development, and any updates made to the home since then.
4. The living area ranks lower in the neighbourhood. Is the house small?
At 1,522 sqft, the above-ground living area is efficient. The ranking indicates many homes in Bridgwater Lakes are larger, often with developed second floors or basements. The key here is the combination of this manageable footprint with a large lot and an unfinished basement, offering a balance of immediate livability and future expansion potential.
5. What are the immediate next steps if I'm interested?
You should review the full listing details, schedule a viewing to assess the home’s condition and flow, and consult with a real estate agent to obtain a comparative market analysis based on recent sales. This will give you a clear picture of its current market value and how it fits your budget and needs.