Property Overview: 120 Red Spruce Road, Bridgwater Lakes
Section 1: Key Characteristics & Appeal
This well-maintained two-storey home in the popular Bridgwater Lakes community offers a practical and modern living space. Built in 2014, it sits on a generous 6,085 sqft lot, which is notably larger than many in the immediate area. The home features 1,609 sqft of living space, an attached garage, and a full (though unrenovated) basement, presenting a solid foundation for its next owners.
The primary appeal lies in its balance of a newer build within a sought-after, master-planned neighbourhood. Its standout characteristic is the lot size, offering more outdoor space than 65% of properties on its street—a valuable and less common find in newer subdivisions. While the interior living area is more modest in comparison to some neighbours, this positions the home as an efficient and manageable space for the right buyer. It would suit young families or professionals seeking a modern, low-maintenance home in a community with amenities, or value-conscious buyers who prioritize land size and see potential in personalizing the basement over time. The property’s assessed value ranks highly city-wide, suggesting a fundamentally sound investment in a desirable area of Winnipeg.
Section 2: Frequently Asked Questions
1. How does the lot size compare to newer builds in the area?
At over 6,000 sqft, this lot is significantly larger than the standard for many newer subdivisions. This offers more privacy, play space, and landscaping potential than typically available in homes of a similar age.
2. The living area seems average for the neighbourhood. What’s the trade-off?
The home’s living space is functional but not expansive. The trade-off is the larger lot. Buyers gain more outdoor space but should be comfortable with a home layout that may feel cozier than some others in Bridgwater Lakes.
3. What does the "unrenovated basement" imply?
It means the basement is finished as per the original 2014 build, with no major upgrades since. It’s a blank canvas—perfectly livable but offering the opportunity to customize and add value without needing to undertake a full, costly excavation and foundation project.
4. The 2019 sale price seems high compared to current metrics. Why is that?
The 2019 sale reflects the market peak at that time. It’s a useful data point for price history but should be considered alongside the current assessed value and recent comparable sales for an accurate present-day valuation.
5. The home ranks highly city-wide for its assessed value. What does that mean?
Ranking better than 88% of Winnipeg properties indicates that, according to municipal assessment, this home holds a high value relative to the entire market. This often points to a desirable location and property fundamentals, though the final market price is determined by current buyer demand.