Property Overview: 174 Springwater Road, Bridgwater Lakes
Section 1: Key Characteristics & Appeal
This 2019-built, single-storey home sits on a large, 7,824 sqft lot in the popular Bridgwater Lakes neighbourhood. Its key appeal lies in a combination of modern construction, significant lot size, and a renovated basement. The home is positioned in a highly desirable area, ranking in the top tiers for lot size, property age, and overall assessed value within both the neighbourhood and the wider city.
The property would best suit buyers looking for a modern, low-maintenance home with ample outdoor space in a sought-after community. It’s particularly appealing for those who value a newer build to minimize immediate repairs, and for families or individuals who prioritize generous yard space over above-average interior square footage. The renovated basement adds valuable flexible living space. A thoughtful perspective is that this home offers the benefits of a mature, large lot—often found in older neighbourhoods—but with the modern efficiencies and design of a newer construction, providing a balanced long-term investment.
Section 2: Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 1,454 sqft, the living area is more compact than most in its immediate vicinity, ranking lowest on its street. This suggests a efficient use of space focused on the main floor, complemented by the additional renovated basement area.
2. What does the "Assessed Value" ranking indicate?
The assessed value is in the top 8% city-wide, indicating that official valuations place it significantly above average for Winnipeg. This strong ranking, especially compared to its modest sale price in 2019, highlights substantial appreciation and a solid valuation foundation in a premium neighbourhood.
3. Is the lot size typical for the area?
No, the lot is a standout feature. It ranks in the top 17% of the neighbourhood and top 12% city-wide for land area, meaning it is substantially larger than most comparable properties, offering more privacy and outdoor potential.
4. The home sold in 2019; what does that history suggest?
The 2019 sale was likely the original purchase from the builder. The significant jump from its $442.7k sale price to its current $586k assessed value points to strong market growth in Bridgwater Lakes over a 5-year period.
5. Who might this property not suit?
Buyers seeking a large interior main floor or the absolute newest build (as it is now 7 years old) may find better options. Its appeal is weighted toward the premium lot and location, with interior space being efficient rather than expansive.