Property Summary: 163 Bellflower Road, Bridgwater Lakes
Key Characteristics & Appeal
This two-storey home in the Bridgwater Lakes neighbourhood offers modern, low-maintenance living in a well-established area. Built in 2012, the property is newer than approximately 90% of homes in Winnipeg, suggesting contemporary construction and systems. Its key features include a fully renovated basement and a detached garage on a standard 4,538 sqft lot.
The appeal lies in its balance of move-in readiness and location within a popular master-planned community. The recent basement renovation adds immediate functional living space. While its living area (1,440 sqft) is comfortable, the property's standout metrics are its relative newness and strong assessed value, which ranks in the top 15% citywide. This indicates a property that has been well-maintained and is positioned favorably against broader market comparables. It would suit first-time buyers or young families seeking a modern home in a community-focused area without the need for major updates, as well as value-conscious buyers who appreciate a home with recent improvements and solid municipal assessment.
Frequently Asked Questions
1. How does this home compare to others on the street?
The data shows a mixed picture. The home's assessed value and recent sale price rank in the top third of Bellflower Road. However, its lot size and living space are on the smaller side for the street. This suggests you're paying more for the quality and condition of the home itself rather than for sheer size.
2. What does the sale history indicate?
The home sold for $420k in May 2020 and then for $525k in April 2023. This significant increase over three years reflects the strong market of that period. The current assessed value is closely aligned with the 2023 sale price.
3. Is the neighbourhood established or still developing?
Bridgwater Lakes is a mature phase of the larger Bridgwater community. With this home built in 2012 and neighbouring properties closely spaced, the area is well-established, meaning landscaping and community amenities are settled in, but the home itself is still relatively new.
4. What are the implications of a detached garage?
A detached garage can offer flexibility—it could be a potential workshop space with less noise or smell concern for the main house. However, it also means dealing with a separate structure for maintenance and a walk to your vehicle in winter weather.
5. How should I interpret the "rank" statistics?
These rankings compare this specific property against every other house on its street, in its neighbourhood, and in Winnipeg for metrics like size, value, and age. A key insight here is that while the home's physical size is average or below average for its immediate area, its value and newness rank highly citywide, emphasizing its condition and modern build in a broader context.