Property Overview
This two-storey home in Bridgwater Lakes, built in 2014, presents a modern and low-maintenance living option. Its key appeal lies in its balance of relative newness and established community. With a renovated basement and a detached garage on a standard-sized lot, the home offers functional, move-in-ready space. The data suggests it is a solidly middle-of-the-pack property within its immediate street and neighbourhood in terms of size and value, but it stands out for being newer than most homes in Winnipeg overall. Recent sale history shows steady value appreciation.
It would suit first-time buyers or young families looking for a contemporary home in a planned community without the premium of a brand-new build. It also appeals to practical buyers who value a modern foundation (like updated mechanicals) and prefer a home that has already undergone some key renovations, like the basement.
Frequently Asked Questions
1. How does the property's age (2014) benefit a buyer?
A 12-year-old home typically means major components like the roof, windows, and HVAC systems are still within their lifespan, reducing immediate capital risk. The modern building standards of the 2010s also offer better energy efficiency than older stock.
2. The home ranks lower for size on its street. Is it too small?
The living area is approximately 1,580 sqft, which is a comfortable size for many households. The rankings indicate that larger homes exist on the same street, but this doesn't diminish the functionality of this property. It may represent a more affordable entry point into the desirable street.
3. What does the sale history tell us?
The home sold for $470k in 2021 and $538k in 2024. This trajectory indicates it has kept pace with or exceeded broader market trends during that period, suggesting stable demand for the property type and location.
4. Is the detached garage a pro or a con?
This depends on preference. A detached garage can offer more flexibility (e.g., for a workshop) and potentially reduce noise in the home. However, it is less convenient for accessing your vehicle in harsh weather compared to an attached garage.
5. The assessed value is $550k, but it last sold for $538k. Why the difference?
Municipal assessed value is for taxation purposes and uses a mass appraisal model from a prior date. The sale price is the true market value determined by a buyer and seller. The close alignment suggests the assessment is reasonably current, but the sale price is the definitive market benchmark.