Property Overview
This 2019 two-storey home in Bridgwater Lakes sits on a large, 8,421 sqft lot, offering modern living in a well-regarded neighbourhood. Its appeal lies in a balance of newer construction, above-average outdoor space, and a strong position within the broader Winnipeg market. The home features an attached garage and an unfinished basement, presenting a move-in-ready canvas with room for future personalization.
Key Characteristics & Ideal Buyer
The property’s standout feature is its generous lot size, which ranks in the top 17% on its street and top 14% in the neighbourhood, a notable advantage in newer communities where lots are often smaller. Built just seven years ago, it offers contemporary building standards without immediate major maintenance concerns. While the living area is more modest relative to the lot size, the unrenovated basement provides clear potential to expand the finished living space to suit a buyer’s needs.
Its appeal is for practical buyers seeking a stable, long-term home in a desirable area. It would suit a young family valuing outdoor space for children to play, or a buyer who views the unfinished basement not as a drawback but as a strategic opportunity to add value and customize the home over time. The strong rankings for lot size and year built across Winnipeg suggest a property that is likely to hold its value well, appealing to the financially mindful.
Frequently Asked Questions
1. How does the lot size compare to typical properties in Winnipeg?
The lot is exceptionally large, ranking better than 90% of all properties in Winnipeg, placing it in the top 10%. This is a significant asset.
2. The living area seems average for the neighbourhood. Is the house small?
At 1,911 sqft, the living space is comfortable but ranks in the middle range for the immediate area. The value proposition here shifts more toward the land itself and the newer construction, with the unfinished basement offering a straightforward way to increase square footage later.
3. The assessed value is much higher than the last sale price in 2019. What does this mean?
The current assessed value reflects the market increase and improvements over five years. The 2019 sale price was the original purchase from the builder. The gap indicates substantial equity growth for the original owner, which is typical for a newer home in a growing area.
4. What are the implications of the basement being "not renovated"?
It means the basement is unfinished but ready for development. This is a common feature in newer homes, allowing the next owner to design the space to their exact specifications, though it requires planning and investment.
5. The property ranks highly in Winnipeg but lower on its own street in some categories. Why?
This is common in newer, homogeneous subdivisions where homes were built around the same time with similar styles. The home excels in broader metrics (lot size, age) but faces direct comparison with nearly identical neighbours on its street for living space or specific values. Its overall city-wide rankings are the more telling indicators of its standing.