Property Overview: 122 Sablewood Road, Bridgwater Lakes
Key Characteristics & Appeal
This two-storey home, built in 2013, presents a modern and low-maintenance living option in the sought-after Bridgwater Lakes community. Its key appeal lies in a combination of updated living space and strong long-term value metrics. The home features a renovated basement, a detached garage, and a generous 1,800 sqft of living area on a sizable 4,488 sqft lot.
The property’s strength is highlighted by its comparative rankings. It stands out as a newer home within both Winnipeg and its immediate street, ranking better than 90% and 83% of properties respectively for its year of build. This suggests a modern build with less immediate concern for major system replacements. Its most recent sale price (580k in 2022) also ranks highly city-wide (top 9%), indicating a perceived value that has held strong relative to the broader market.
This home would suit buyers looking for a move-in ready property in a modern suburb, particularly those who value a recently updated basement for extra living space. It’s a practical choice for young families or professionals seeking a balance of contemporary amenities, community amenities, and a property that has demonstrated solid value retention in recent years.
Frequently Asked Questions
Q: How does the property’s value history look?
A: The data shows significant appreciation between the 2020 sale (44.4k) and the 2022 sale (580k). It’s important to note the 2020 sale price is atypical and likely reflects a non-arms-length transaction (such as a builder or family sale), not market value. The 2022 sale is the meaningful benchmark, showing strong value that ranks well above most of Winnipeg.
Q: Is the lot size typical for the area?
A: At 4,488 sqft, the lot is larger than about two-thirds of the properties on Sablewood Road itself. However, within the broader Bridgwater Lakes neighbourhood, it ranks in the top 85%, meaning it is a larger-than-average lot for this specific community.
Q: What do the "rank" percentages actually mean?
A: A rank of "Better than X%" means the property scores higher on that specific metric (like size or value) than that percentage of comparable listings. For example, ranking better than 90% in Winnipeg for year built simply means it is newer than 90% of compared properties in the city.
Q: The assessed value seems low compared to the last sale price. Why?
A: Municipal assessed value (59.10k here) is for taxation purposes and is often intentionally lower than market value. It should not be used as a current market price indicator. The last confirmed market sale was 580k in 2022.
Q: Are the nearby and similarly assessed properties good comparables?
A: The nearby listings show immediate neighbours. The "similar assessed value" list is less useful for market comparison, as it only matches the tax assessment figure and includes properties in different neighbourhoods, which may have vastly different market values.