Property Overview: 19 Timbercrest Court, Bridgwater Lakes
Key Characteristics & Appeal
This well-situated one-storey home in the popular Bridgwater Lakes neighbourhood offers a practical layout on a notably large lot. Built in 2013, the property features 1,653 sqft of living space, an attached garage, and a full (unrenovated) basement. Its primary appeal lies in its exceptional land size—over 10,000 sqft—which ranks in the top 10% for the neighbourhood and top 6% city-wide, offering rare potential for outdoor living, gardening, or future expansion.
The home suits two main types of buyers: first, growing families or downsizers seeking the convenience of single-level living in a modern, family-oriented community with excellent city-wide rankings for its assessed value. Second, it appeals to long-term visionaries who recognize the value of securing one of the larger lots in a newer area, viewing the existing house as a solid foundation with the lot itself as a key future asset. While the interior presents a blank canvas, the property’s strong fundamentals—a newer build, a prime lot, and a location outperforming over 90% of Winnipeg in value metrics—make it a grounded opportunity.
Frequently Asked Questions
1. How does the large lot size impact this property?
Beyond extra yard space, a lot of this size in a newer community is uncommon. It provides enhanced privacy, room for additions like a deck or shed, and could be a significant factor in the property’s long-term appreciation relative to neighbouring homes.
2. The home last sold in 2021 for $550k, but the assessed value is much lower. Why?
Municipal assessed value for taxation purposes is not a market valuation. It is based on a mass appraisal system and historical data. The 2021 sale price is a more current indicator of its market value, though conditions have evolved since then.
3. What does the "Top 83%" ranking for living area on its street mean?
This statistical ranking indicates that this home’s square footage is larger than only 17% of the other 11 homes on Timbercrest Court. In simpler terms, it is one of the more modestly sized homes on its own street, but this is balanced by its much larger lot.
4. Is the unrenovated basement a drawback?
Not necessarily. For some, it’s a downside requiring future investment. For others, it’s an advantage—it presents a clean slate to finish according to personal taste without paying a premium for someone else’s renovations, which may not suit your needs.
5. The "Sold" price ranking shows "Top 108%." What does that indicate?
A ranking over 100% means the 2021 sale price was higher than the average for that metric across all comparison groups at that time. Specifically, it was 8% higher than the average sale price of all 12 homes on its street, suggesting it was a premium sale on the block at that point in the market.