Property Overview
190 Sablewood Road is a two-storey home built in 2013, situated on a generous 4,252 sqft lot in Winnipeg's Bridgwater Lakes neighbourhood. Its key appeal lies in being a relatively modern home in a newer community, offering a balance of space and manageable upkeep. The home features 1,643 sqft of living space, a detached garage, and an unfinished basement that presents a blank canvas for future expansion.
This property would suit first-time buyers or young families looking for a move-in-ready home in a contemporary suburb without the premium of a brand-new build. Its appeal is pragmatic: it offers modern construction standards and efficiencies, while the unfinished basement and established lot provide clear avenues for adding personal value over time. A thoughtful perspective is that while its assessed value is modest compared to recent sale prices in the area, this can indicate potential for steady equity growth as the still-maturing neighbourhood develops further.
Frequently Asked Questions
1. What is the significance of the "rank" statistics provided?
These rankings compare this property against others on its street, in Bridgwater Lakes, and across Winnipeg for metrics like lot size and year built. For example, being newer than 90% of Winnipeg homes highlights its modern construction, while a lot size ranking in the top 30% citywide confirms the above-average outdoor space.
2. The basement is noted as "not renovated." What does that mean?
It indicates the basement is unfinished. This is a common feature in homes of this age in the area and should be seen as potential future living space, but it will require a significant investment to develop.
3. How does the last sale price compare to the current assessed value?
The home sold for $530,000 in August 2022, while the current assessed value is $50,500. It's crucial to understand that the assessed value is for municipal tax purposes only and is not a market valuation. The 2022 sale price is the more relevant figure for understanding recent market value.
4. Is the lot size typical for Bridgwater Lakes?
At 4,252 sqft, the lot is larger than 79% of properties on Sablewood Road itself, suggesting it's on the higher end for the immediate street. However, it ranks lower compared to the wider Bridgwater Lakes neighbourhood, which includes many homes with larger lots.
5. What can nearby property information tell me?
The list of nearby homes with similar assessed values is a tax assessment grouping, not a direct indicator of market value or similarity. For a true comparison, one should look at recent sale prices and features of homes in Bridgwater Lakes, not just the tax assessment list.