Property Overview: 170 Sablewood Road, Bridgwater Lakes
Section 1: Key Characteristics & Appeal
This well-maintained two-storey home, built in 2013, sits on a large, desirable lot in the Bridgwater Lakes neighbourhood. Its key features include a renovated basement and a detached garage. The data reveals a property with strong fundamentals: its lot size is in the top 17% on its street, and it ranks in the top 10% of Winnipeg for the newness of its construction. While the living space is comfortably sized, the standout appeal lies in its land value and established position in a newer community.
The home suits practical buyers looking for a move-in ready property in a modern suburb, without the premium of a brand-new build. Its appeal is grounded in value retention and space; the large yard offers room for gardens, play, or future additions, which is increasingly rare in newer subdivisions. A thoughtful perspective is its transaction history: selling for $510k in early 2023, following a 2019 sale of $430k, it demonstrates a trajectory of solid equity growth through varying market conditions, suggesting a stable investment. It would particularly suit a young family seeking community amenities and room to grow, or a value-conscious buyer who prioritizes lot size over maximizing interior square footage.
Section 2: Frequently Asked Questions
1. How does the lot size compare to newer homes in the area?
At nearly 6,000 sqft, this lot is larger than 83% of those on its street. In Winnipeg's newer neighbourhoods, lot sizes have generally decreased, making this a notably spacious property for a home built in 2013.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key point for your viewing and to discuss with the seller to understand the quality, permitted status, and functionality of the space.
3. The assessed value seems low compared to recent sale prices. Why?
Manitoba's assessed value for taxation purposes ($57.5k) is not an indicator of market value. The market value is better reflected in its 2023 sale price of $510k. Assessments are based on a mass appraisal system and typically lag behind current market conditions.
4. How stable has the property's value been?
The home has shown appreciable growth, increasing in sale price by approximately $80k between 2019 and 2023. This indicates it has held and grown its value well through a period that included significant market shifts.
5. Are there any concerns from the sales rank data?
While the home ranks highly for lot size and newness, its last sale price in 2023 was only better than 26% of sales on its street at that time. This suggests it may have sold at a competitive or potentially below-average price point for the immediate area during that transaction, which could be seen as a positive entry point for a buyer.