Property Overview: 178 Springwater Road, Bridgwater Lakes
Key Features & Ideal Buyer
This 2019-built two-storey home in the popular Bridgwater Lakes neighbourhood offers modern living with established community roots. Its key appeal lies in a combination of newer construction, above-average living space (2,364 sqft), and a generous, private lot (7,708 sqft) that ranks highly for size within the area. The home features an attached garage and an unrenovated basement, presenting a blank canvas for future expansion.
The property’s strength is its consistent ranking in the top tiers for lot size, building age, and living area when compared to the wider city, suggesting a solid, modern home in a desirable location. It particularly suits growing families or professionals seeking a move-in ready, low-maintenance home in a master-planned community with amenities, without the wait and uncertainties of new construction. A thoughtful perspective for buyers is the unrenovated basement: while not a finished entertainment space, it offers valuable storage and future potential without the premium cost of a completed lower level already factored into the price.
Frequently Asked Questions
1. How does the assessed value compare to the likely market price?
The current assessed value is a municipal figure for tax purposes. The last sale was in 2019, so the market value will be determined by current conditions, recent comparable sales in Bridgwater Lakes, and the home’s specific features.
2. What does the lot size ranking mean for this property?
With a lot size “better than 83%” of the neighbourhood, this property has a larger-than-typical yard for the area. This is a key advantage for privacy, outdoor space, and future landscaping projects compared to many newer subdivisions.
3. Is the basement finished?
No, the basement is noted as “not renovated.” It is a blank canvas with full plumbing and electrical rough-ins typical for a 2019 home, offering significant potential for future customization to suit a buyer’s needs.
4. Why is the last sale price from 2019 relevant?
It shows the original purchase price when the home was new. The significant gap between then and now indicates all the market appreciation and equity growth has occurred under the original owner, and the next buyer will establish a new market price.
5. The home ranks highly for size and age, but lower for assessed value on its street. What does this indicate?
This can be common. It often reflects the original purchase price or specific municipal assessment models, not necessarily condition or desirability. It suggests the municipal tax assessment may be relatively favourable compared to some neighbours, but the market price will be determined by the home’s overall offering.