Property Overview
This 2018-built, one-storey home in Bridgwater Lakes sits on a notably large lot (over 8,800 sq ft) in a highly regarded area of Winnipeg. Its primary appeal lies in the combination of a modern, low-maintenance home with an expansive, blank-canvas backyard in a top-ranked neighbourhood. The home itself is of average size for the area but is complemented by an attached garage and an unfinished basement, offering room to grow. Key data points show the property ranks highly for its lot size and neighbourhood desirability, though its living space is more modest compared to nearby homes.
Key Characteristics & Ideal Buyer
The standout feature is the land. The lot is significantly larger than most in Winnipeg, ranking in the top 9% city-wide, which is rare for a newer community. This offers exceptional outdoor potential for gardening, play, or future additions like a deck or patio. The home is relatively new (built 2018), suggesting modern building standards and minimal immediate repair needs. Its location in Bridgwater Lakes is a major asset, with rankings showing it sits in a top-tier street and neighbourhood within the city.
The appeal is for buyers who value land and location over sheer interior square footage. It perfectly suits a young family or downsizers seeking a modern, single-level layout in a premier community, with the vision to customize the basement and expansive yard over time. It’s also a prudent choice for those who see value in a home that has significantly appreciated since its last sale, indicating strong market confidence in the area. A less obvious perspective is that the unfinished basement and standard living area, while not flashy, represent a solid foundation without paying a premium for someone else’s possibly dated renovations.
Frequently Asked Questions
1. Why is the assessed value so much lower than the last sale price?
Municipal assessed value for tax purposes is often a lagging indicator and rarely reflects current market value, especially in a rapidly appreciating neighbourhood. The last sale price is a more accurate gauge of its market worth.
2. The living area seems average; what justifies the value?
The value is driven predominantly by the large, premium lot in a highly sought-after master-planned community (Bridgwater Lakes). You are purchasing location and land size, with a modern, functional home included.
3. What does the "unfinished basement" mean for me?
It means the basement is a blank slate with rough-ins for future development. This allows a new owner to finish it to their own specifications and needs, potentially adding significant value, without having to undo existing work.
4. The home sold for much more in 2021 than in 2019. Is that typical?
Yes, this reflects the period of significant market appreciation across Winnipeg, particularly for desirable, newer homes in communities like Bridgwater Lakes. It demonstrates the property's strong value growth.
5. How does the lot size compare to others nearby?
Exceptionally well. The data shows this lot is larger than 91% of properties in Winnipeg and better than 88% on its own street, making it a notable outlier for space in a newer suburb.