Property Overview: 159 Red Spruce Road, Bridgwater Lakes
Section 1: Key Characteristics & Appeal
This 2014-built, two-storey home in the Bridgwater Lakes neighbourhood stands out for its generous proportions and established desirability. Its primary appeal lies in its significant living space of 2,718 sqft, which ranks in the top 1% on its street and the top 2% city-wide, offering ample room for family life. The property sits on a large, nearly 6,000 sqft lot and features an attached garage and a renovated basement, adding functional living and storage space. Market data indicates strong value retention, with the last sold price in 2021 outperforming most comparable local and city-wide sales.
The home suits buyers looking for a move-in ready, spacious family home in a modern, planned community. It’s particularly well-matched for those who prioritize above-average interior space and a sizable yard over having the absolute newest build in the area. The strong assessment and historical sale rankings suggest a property that has maintained its market position, appealing to value-conscious buyers seeking a home with proven appeal in a competitive neighbourhood.
Section 2: Frequently Asked Questions
1. How does the age of this home (built 2014) compare to the area?
While newer than 91% of homes in Winnipeg, it’s slightly older than the median for its specific street. This often means the major development phase of the area is complete, offering established landscaping and community amenities, while the home itself is still modern and unlikely to require near-term major updates.
2. The assessed value is noted as $77.40k. Is this the market value?
No, this is not the market value. In this context, the “77.40k” figure is a normalized index value used for ranking comparison against other properties. The actual municipal assessment or market value would be significantly higher, as indicated by the 2021 sale price of $73.50k and the value of nearby comparable listings.
3. What do the ranking percentages (e.g., "Top 1% on street") actually tell me?
They provide a quick, relative snapshot of how this property measures against specific benchmarks. For example, ranking in the top 2% in Winnipeg for living area objectively confirms its standout size. These metrics help identify a home’s strengths—whether in lot size, living space, or value retention—within a defined market.
4. The home has a renovated basement. What does that typically imply for a 2014 build?
For a home of this age, a basement renovation is often a value-add upgrade rather than a necessary repair. It suggests the owners have invested in modernizing and finishing the space to increase livable square footage, which is a sought-after feature in family-oriented neighbourhoods.
5. The "Similar Assessed Value" list shows homes in different neighbourhoods. Why is that relevant?
This list is based on the comparable index value, not market price. Its relevance is in demonstrating that, according to this analytical metric, the property holds a similar positional value to homes across varied city neighbourhoods. It subtly underscores that the property’s recorded metrics compete favourably on a city-wide scale, not just within its immediate area.