Property Overview: 163 Springwater Road, Bridgwater Lakes
Key Characteristics & Appeal
This is a modern, two-storey home built in 2020, offering the advantage of newer construction with minimal initial maintenance concerns. Its primary appeal lies in its desirable location within the Bridgwater Lakes neighbourhood, where it stands out for its above-average lot size (over 6,700 sq ft) and its newness compared to most homes in Winnipeg. The data suggests a property that has seen significant value growth since its 2020 sale, now assessed in the top 2% of the city.
The home suits buyers looking for a move-in ready, contemporary property in a master-planned community. It’s ideal for those who prioritize a newer build to avoid near-term major repairs, and who value space, as the lot provides ample outdoor room for gardening, play, or future additions. The attached garage and full (though unrenovated) basement add practical utility and potential. A thoughtful perspective is that while the living area is generous for Winnipeg overall, it is more average within its immediate street and neighbourhood, indicating this property’s value is particularly anchored in its land and newness rather than sheer interior size.
Frequently Asked Questions
1. What does the "rank" data actually mean?
The rankings compare this property against others on its street, in Bridgwater Lakes, and across Winnipeg. For example, being "better than 92% in same street" for year built means it is one of the newest homes on Springwater Road.
2. Has the property value increased?
Yes. The home sold for $64.3k in November 2020 and its current assessed value is $82.8k. This represents a notable increase, consistent with its assessment now ranking in the top 2% citywide.
3. Is the basement finished?
No, the basement is noted as "not renovated," meaning it is unfinished. This presents potential for future customization or additional living space.
4. What are the neighbours like?
The home is on a street of relatively newer properties, as it ranks in the top 8% for year built on Springwater Road. The nearby comparable properties with similar assessed values are located in established, family-oriented neighbourhoods like Whyte Ridge and Bridgwater Forest.
5. How does the lot size compare?
The 6,727 sq ft lot is a key feature. It ranks better than 62% of lots on its own street and is larger than over 80% of lots in Winnipeg, offering more private outdoor space than typical newer builds.