194 Springwater Road

Property Overview & Key Characteristics

This 2019-built, two-storey home in Bridgwater Lakes offers modern living on a generous 8,285 sqft lot. Its key appeal lies in the balance of being a relatively new build—which minimizes immediate major maintenance concerns—situated on a large parcel that ranks in the top 20% for size on its street. With 2,039 sqft of living space, it provides ample room for a growing household.

The home’s standout characteristic is its strong positional value within the broader market. It ranks in the top 10% of Winnipeg for living area and the top 5% for assessed value, suggesting it is a substantial property in a desirable context. The attached garage and existing (though unrenovated) basement offer practical space and future potential. Its appeal is geared towards buyers seeking a modern home in a family-oriented neighbourhood, who value a larger lot for privacy, outdoor space, or future projects like a deck or garden. It would suit a young family looking for move-in-ready comfort with room to grow, or a buyer who appreciates a property with strong fundamentals and rankings that may support long-term value.

Frequently Asked Questions

1. What does the assessed value ranking actually mean?
The ranking shows that this home’s municipal assessed value is higher than 95% of properties in Winnipeg, placing it in the top 5%. This generally indicates the city views it as a higher-value asset compared to most, which can be a positive indicator of its standing, though market value can differ.

2. The home sold for less in 2019 than its current assessed value. Is that a concern?
Not necessarily. The 2019 sale price was likely close to its original purchase price as a new build. The current assessed value reflects the city’s valuation after several years, accounting for market changes and the established neighbourhood. It’s a common pattern for newer homes.

3. How usable is the basement?
The listing specifies the basement exists but is "not renovated." This means it is likely unfinished or only partially finished, presenting a blank canvas. It adds valuable storage and future living space, but any development would require investment.

4. The lot is large, but what about the house size compared to neighbours?
While the lot is in the top 20% on the street, the living area ranks in the top 58%. This suggests the home itself is of average size for the street, but it sits on a larger-than-average plot. The value proposition here is more about land space than sheer interior square footage relative to immediate neighbours.

5. What is the significance of the "For Reference" comparable property?
The listed property at 180 Creekside Road (similar year, size, and value) is likely provided as a benchmark. It shows this home is competitively positioned within Bridgwater Lakes, offering a similar package to other recent builds in the area, which helps validate its market position.