Property Overview: 186 Bellflower Road, Bridgwater Lakes
Key Characteristics & Appeal
This two-storey home, built in 2014, presents a well-maintained and modern living space in the popular Bridgwater Lakes neighbourhood. Its key features include a renovated basement, an attached garage, and a generous 2,120 sqft of living area on a sizable 5,544 sqft lot. The appeal lies in its balance of contemporary comforts and established community living. The home ranks highly against local comparables, particularly for its newer construction date, above-average living space, and strong historical sold price, suggesting it has been a solid investment.
The property would suit a range of buyers, most notably growing families or professionals seeking a move-in ready home in a newer suburban area without the premium of a brand-new build. Its above-average rankings for space, value, and recent sale price also make it a practical consideration for value-conscious buyers who prioritize metrics of long-term equity and neighbourhood standing over flashy upgrades.
Frequently Asked Questions
1. How does this home truly compare to others in the area?
The data shows it consistently ranks in the top tier of Bridgwater Lakes for key metrics. It’s newer than 94% of homes on its street, has more living space than 82%, and its last sold price was higher than 96% of street comparables. This indicates it’s a superior property within an already desirable locale.
2. What does the "renovated basement" likely entail?
While specifics aren’t listed, a renovated basement in a 2014 home typically means finished living space added after the initial build. It’s wise to inquire about the renovation’s date, permits, and whether it includes a bedroom, bathroom, or dedicated living/entertainment area.
3. The assessed value is much lower than the last sale price. Why?
This is common. Municipal assessed values for tax purposes often lag behind market values and use different valuation methods. The 2022 sale price of $474,600 is a far more accurate reflection of its recent market worth.
4. Is the property a good value based on the data?
The numbers suggest a history of strong value retention. It last sold for a price that placed it in the top 3% of all Winnipeg properties, and its assessed value is in the top 5%. This consistent high ranking against comparables points to a property that has maintained its market position.
5. What are the less obvious considerations?
While the home ranks highly, note that it is now 12 years old, entering a phase where original components (like the roof, HVAC, or appliances) may need attention or updates. Additionally, its top-tier past performance sets a high benchmark; future appreciation may align more closely with average neighbourhood trends rather than exceeding them.