Property Overview: 190 Springwater Road, Bridgwater Lakes
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2018, offers modern living in the popular Bridgwater Lakes neighbourhood. Its key appeal lies in a combination of newer construction and a generous, premium lot. The property sits on an 8,144 sqft parcel, which is larger than 85% of lots in the area, providing significant outdoor space and privacy that is less common in newer subdivisions. The home itself features 1,763 sqft of living space, an attached garage, and a full (unrenovated) basement, presenting a solid canvas for personalization.
The property’s strongest suit is its land value and desirable location within a top-tier Winnipeg community. It’s a home that suits two main types of buyers: first, those seeking a move-in ready, relatively new build who prioritize a large yard for family or future projects. Second, it appeals to value-focused buyers who see potential in the unfinished basement and recognize that the lot size itself is a long-term asset that outperforms many neighbouring properties. A thoughtful perspective is that while the interior living space is modest for the street, the exceptional lot size offers a rare opportunity to expand the home in the future, making it a strategic purchase for those planning to grow into the property.
Section 2: Frequently Asked Questions
1. How does the lot size compare to others nearby?
This is a standout feature. At over 8,000 sqft, the lot is larger than 85% of properties in Bridgwater Lakes, placing it in the top 15% for the neighbourhood. This offers more yard space and distance from neighbours than is typical for a 2018 build.
2. The home sold in early 2023. What does that recent sale price indicate?
The February 2023 sale price of $65.5k was higher than 95% of Winnipeg properties sold at that time, reflecting the premium value of the Bridgwater Lakes area and newer homes. It provides a clear, recent benchmark for market value.
3. Is the living space size typical for the area?
At 1,763 sqft, the interior is more compact than many on the street, ranking better than only 14% of homes on Springwater Road. This suggests the property’s value is weighted more toward its land and modern structure than its current square footage.
4. What does the assessed value tell us?
The $57.60k assessment is very high, ranking in the top 9% for Winnipeg. This consistently high ranking across lot size, assessed value, and recent sale price underscores the property’s position as a premium offering within the market.
5. What is the potential here for a buyer?
The potential is twofold: immediate enjoyment of a newer home in a sought-after community with a large yard, and the future opportunity to increase living space. The existing basement awaits finishing, and the generous lot could potentially accommodate additions, allowing the home to grow in value with investment.