Property Overview
This well-maintained one-storey home in Bridgwater Lakes offers a practical entry point into a popular, family-oriented neighbourhood. Built in 2014, it sits on a generous 4,489 sqft lot with a detached garage. The home itself is 1,170 sqft and includes an unfinished basement, presenting a straightforward layout with clear potential for future customization. Its appeal lies in its balance of a newer build on a larger-than-average lot, providing outdoor space that is becoming rarer in newer subdivisions. The recent sale in June 2024 at $479k provides a clear, current market benchmark.
This property would suit first-time buyers seeking a low-maintenance, single-level layout in a modern community, or investors looking for a stable rental in a high-demand area. It’s also a sensible option for downsizers who value a manageable home size but don’t want to compromise on yard space. A thoughtful perspective is that while the living area is modest, the large lot and unfinished basement offer a tangible value-add opportunity that many newer, fully finished homes in this price range do not.
Frequently Asked Questions
1. What is the neighbourhood like?
Bridgwater Lakes is a master-planned community in south Winnipeg known for its parks, pathways, and lakes. It’s a popular choice for families, with a focus on community amenities and newer infrastructure.
2. Is the basement developed?
No, the basement is unfinished. This is a key feature for buyers looking to customize the space to their own needs and budget, whether for additional living area, storage, or a recreational room.
3. How does this home compare to others on the street?
The data shows a mix. The lot size is above average for the street, and the home is newer than most in the immediate area. However, the living area is currently smaller than many neighbouring homes, which is reflected in its assessed and sale value rankings.
4. What does the assessed value versus sale price indicate?
The home recently sold for $479k, which is significantly higher than its $459k assessed value. This is common and indicates strong market demand, with the sale price being the more relevant indicator of current worth.
5. What are the key considerations for a buyer?
The major points to weigh are the benefits of a newer build on a large lot against the work needed to finish the basement to increase liveable space. It’s a property with a solid foundation where the value can be grown through personalization.