Property Overview & Appeal
This 2014-built, one-storey home in Bridgwater Lakes sits on a notably large lot, ranking in the top 5% of its street for land area. Its key appeal lies in a combination of space, established value, and a move-in-ready condition highlighted by a renovated basement. The property’s assessed value ranks exceptionally high (top 1% in Winnipeg), and its past sale prices show strong, consistent appreciation, suggesting a solid and desirable asset in the market.
It particularly suits buyers looking for single-level living without compromising on yard space, or those seeking a home with proven equity growth in a modern neighbourhood. The generous lot offers room for gardening, play, or expansion, while the high percentile rankings across key metrics indicate this is a standout property within its area, likely appealing to value-conscious buyers who prioritize both current livability and long-term investment.
Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 1,813 sqft, the living space is more modest relative to the large lot size, ranking in the top 85% on its street (meaning 85% of street homes are larger). This suggests a home designed with efficient use of interior space, placing greater emphasis on the outdoor area.
2. What does the high assessed value indicate?
With an assessed value in the top 1% for Winnipeg and significantly higher than recent neighbour sales, it reflects the city’s recognition of the property’s premium lot size, renovations, and overall desirability. It’s a strong data point for equity, but not a direct predictor of final sale price.
3. Has the property’s value increased over time?
Yes. Previous sales were $830k in 2017 and $930k in 2021, demonstrating clear appreciation. The current assessed value continues this upward trend, indicating sustained market confidence in the location and property.
4. Is the neighbourhood newer or more established?
Built in 2014, the home is in a relatively modern suburb. It’s newer than 91% of Winnipeg homes, but on its own street, it’s newer than only 85%, meaning there are a few even newer homes nearby, placing it in a settled phase of the community’s development.
5. What are the implications of the “renovated basement” note?
This indicates finished, livable space beyond the main floor square footage, adding functional area like a family room, office, or extra bedrooms. It’s a key feature that enhances livability and contributes to the property’s high valuation.