Property Overview & Key Characteristics
This well-maintained, one-storey home in Bridgwater Lakes is a practical choice for buyers seeking a modern, low-maintenance property. Built in 2013, its key appeal lies in a recently renovated basement, adding valuable finished living space to the 1,491 sqft footprint. The home sits on a generous 5,430 sqft lot and includes an attached garage.
Its strengths are clear when viewed through a data lens: it ranks newer than 90% of Winnipeg homes and has an assessed value higher than 91% of the city, indicating strong underlying value for its age. However, the living area is more compact compared to many newer builds in the neighbourhood. This creates a specific dynamic: you're buying into a desirable, modern community with a home that offers solid fundamentals (like the renovation and lot size) but without the premium square footage of some neighbours. It would suit first-time buyers, downsizers, or investors looking for a turnkey property in a sought-after area, particularly those who prioritize a newer build and a finished basement over a larger main-floor footprint.
Frequently Asked Questions
1. How does the value of this home compare to the area?
The assessed value of $57.70k ranks higher than 91% of Winnipeg, showing strong city-wide value. In the immediate Bridgwater Lakes neighbourhood, it ranks higher than 66% of properties, positioning it as a solid, mid-tier value within this popular community.
2. Has the property appreciated in value?
Yes. The sale history shows steady appreciation from $41.5k in 2017 to $57.7k in 2023. The most recent sale price matched the current assessed value, suggesting a stable market price.
3. Is the living space smaller than average for the area?
The 1,491 sqft living area is more compact, ranking below 89% of homes in Bridgwater Lakes. This is a key consideration; the value here is derived more from the lot size, modern age, and renovated condition than from expansive main-floor square footage.
4. What does the "renovated basement" imply?
While specific finishes aren't detailed, a renovated basement in a 2013 home typically means it has been professionally finished into a livable space (e.g., rec room, bedroom, bathroom) more recently, adding functional space without the need for immediate updates.
5. How does the lot size compare?
The 5,430 sqft lot is a significant feature, offering ample outdoor space. It ranks as larger than average for its own street, providing a good balance of yard size within the community's overall layout.