Property Overview
This two-storey home on a large, 5,667 sqft lot in Bridgwater Lakes presents a compelling blend of space, modern updates, and established community appeal. Built in 2013, its key characteristics include a renovated basement and an attached garage. The home’s living area of 1,938 sqft ranks well above average for both Winnipeg and its immediate street, offering generous interior space.
The appeal lies in its balanced position within a newer suburb. The data suggests it’s a well-above-average property for the city overall, particularly in assessed value and living space, while being more moderately ranked within its own sought-after neighbourhood. This can indicate a solid, established home in a desirable area without the premium of a brand-new build. It would suit buyers looking for a move-in ready family home in a modern community, who value a large lot and finished space over a brand-new construction timeline. A thoughtful perspective is that its strong city-wide rankings paired with more moderate neighbourhood rankings could represent a relative value opportunity within Bridgwater Lakes itself.
Frequently Asked Questions
1. How does the lot size compare to others in the area?
At 5,667 sqft, the land area is larger than 78% of lots on the same street, placing it in the top quarter locally. This is a significant lot for the community.
2. What is the significance of the assessed value ranking?
The assessed value ranks in the top 5% for all of Winnipeg, but in the top 42% within Bridgwater Lakes. This typically indicates the home is in a high-value city neighbourhood, but is priced within a competitive range for that specific area.
3. Has the property’s value appreciated?
Based on the provided sale history, the home sold for $540k in 2016 and $530k in 2019. This suggests a stable value in recent years, and current market conditions should be evaluated independently.
4. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. A viewing or inquiry with the listing agent is necessary to understand the finish quality, layout, and permitted status of the renovations.
5. How does the age of the home (2013) factor in?
Built 13 years ago, the home is newer than 90% of properties in Winnipeg, placing it in the top 10% city-wide. In its own neighbourhood of newer homes, it is newer than 33%, meaning it is a moderately aged home within Bridgwater Lakes, likely past its initial warranty period but with many modern features.