199 Red Spruce Road

Property Overview & Key Characteristics

This two-storey home in Bridgwater Lakes is a modern, low-maintenance property built in 2016. It sits on a generous 6,378 sqft lot and features 2,328 sqft of living space, an attached garage, and an unfinished basement. Its appeal lies in its contemporary build within a sought-after neighbourhood, offering a move-in-ready canvas. The home ranks consistently above average in size, age, and value compared to most of Winnipeg, suggesting a solid, above-par investment in a desirable area.

It would suit young families or professionals seeking a modern home in a community with newer infrastructure, without the immediate need for major renovations. The unfinished basement is a key feature for buyers looking to customize additional living space to their own taste and schedule. The strong rankings in assessed value and recent sale price also indicate it’s a fit for value-conscious buyers who prioritize metrics of long-term equity and neighbourhood standing over flashy, high-renovation properties.

Frequently Asked Questions

1. What does the "unfinished basement" condition mean?
The basement is complete but not renovated. It has the core structure (walls, floor, ceiling) and is ready for drywall, flooring, and finishing, allowing the next owner to customize the space.

2. How significant are the provided ranking percentages?
They are a relative benchmark. For example, being newer than 93% of Winnipeg homes highlights its modern construction, while lot size rankings better than 78% on its own street indicate it's among the larger properties in its immediate area.

3. The last sale was in 2021. What does that price history suggest?
The home sold for $660,000 in late 2021, a substantial increase from its 2016 sale price of $480,000. This history shows strong past appreciation, though current market conditions will determine the present value.

4. Is the property in a developed area of Bridgwater Lakes?
Yes. Given its 2016 build date and the proximity of many nearby homes on Red Spruce Road, this is in an established section of the community, not a brand-new phase of construction.

5. What is the practical benefit of the high assessed value ranking?
While not a direct market price, an assessed value ranking higher than 96% of Winnipeg properties is a strong indicator from the municipal assessor that the home is considered a high-value asset, which can be reassuring for financing and equity considerations.