Property Overview & Key Characteristics
152 Red Spruce Road is a well-maintained, two-storey home built in 2016, situated on a notably large lot in the popular Bridgwater Lakes neighbourhood. Its primary appeal lies in the combination of a modern build, substantial outdoor space, and a highly desirable location. The property ranks in the top tier for lot size within Winnipeg, offering over 11,000 sqft of land—a significant rarity for a newer home, providing ample room for gardening, recreation, or future expansion.
This home would suit buyers seeking a move-in ready property in a family-oriented community without the immediate need for major renovations. It’s particularly well-matched for those who value private outdoor space more than above-average interior square footage, as the living area is functional but not oversized. The strong rankings for neighbourhood and city-wide appeal indicate a sound, long-term investment in a stable area.
Frequently Asked Questions
1. What is the condition of the basement?
The listing specifies the basement exists but is "not renovated." This typically means it is unfinished, offering a blank canvas for future development to add living space, subject to proper permits and investment.
2. How does the lot size compare to others nearby?
The lot is exceptionally large, ranking better than 96% of properties on its street and in Winnipeg. This is a standout feature, as newer subdivisions often have smaller lots, making this a premium offering for the area.
3. The assessed value seems low. Why is that?
Municipal assessed value for tax purposes is often significantly lower than market value and should not be used as a direct price indicator. It's a formula-driven figure. The 2016 sale price and current market conditions are more relevant for understanding its worth.
4. Is the living space smaller than other homes in Bridgwater Lakes?
At 1,833 sqft, the living area is around the median for the street and neighbourhood. This suggests the home’s value is balanced more toward its large lot and modern build year rather than expansive interior square footage.
5. What does the "Sold 7/2016" price tell us?
The home sold for $42.5k in 2016, which was likely a bare land price prior to construction. This confirms the home itself was built new for the current owners, providing a clear history and suggesting all major systems are approximately 10 years old.