Property Overview: 15 Bridge Lake Drive
Key Characteristics & Appeal
This well-situated one-storey home in Bridgwater Lakes offers a blend of modern comfort and established community living. Built in 2014, its key features include a renovated basement and an attached garage on a notably large 7,663 sqft lot, which ranks in the top 7% for size on its street. The home’s standout characteristic is its financial profile: with a current assessed value of $95.60k, it ranks in the top 1% for assessed value across all of Winnipeg, suggesting a very strong municipal valuation relative to the market.
The appeal lies in its position within a desirable, newer neighbourhood, combined with the space and finished utility of the property itself. It suits practical buyers looking for a move-in ready, single-level layout with room to grow, both indoors and out. It would particularly resonate with value-conscious purchasers who appreciate concrete metrics—the lot size and assessment rankings indicate a property that outperforms most of its local and city-wide peers in those specific areas. A thoughtful perspective is that while the living area is modest for the neighbourhood, this is balanced by the premium lot and high assessment, potentially appealing to those who prioritize outdoor space and long-term value over sheer interior square footage.
Frequently Asked Questions
1. What does the "Top 1% in Winnipeg" for assessed value actually mean?
It means this property’s municipal assessed value is higher than 99% of all residential properties in Winnipeg. This is a strong indicator of its formal valuation by the city, though it is distinct from its current market price.
2. The living area is noted as being in the "Top 84%" for the neighbourhood. Is the house small?
At 1,594 sqft, the living area is above average for Winnipeg but below the average for Bridgwater Lakes, a neighbourhood with many newer, larger homes. This suggests the property offers quality and lot size over maximum interior space.
3. How does the 2017 sale price compare to today's assessed value?
The home sold for $78.50k in August 2017. Its current assessed value of $95.60k represents a significant increase, reflecting market changes and any improvements made, like the basement renovation.
4. The lot is large, but what about the house's age ranking?
While the lot size ranks very high, the year built (2014) ranks lower (top 81% on its street, meaning 81% of houses are newer). This is typical for a settled part of a developing area and indicates the home is not the newest but is well-established within a growing community.
5. Are comparable properties listed based on price or assessed value?
The "Similar assessed value" list shows properties with an identical municipal assessment ($95.60k), not necessarily listing or sale prices. This is useful for tax comparison but not a direct guide to market value.