Property Overview & Key Characteristics
This one-storey home in Bridgwater Lakes is a standout property defined by its substantial lot size and impressive scale. Built in 2016, its primary appeal lies in its generous 12,145 sqft land area and spacious 2,532 sqft of living space, both ranking in the top tiers for the neighbourhood and city. A key feature is the renovated basement, adding significant finished living area. The home’s assessed value of $150.20k places it in the top 3% of its street and top 2% of the neighbourhood, indicating strong official valuation growth since its last sale in 2017.
Its appeal is for buyers seeking space and established value in a modern community. It perfectly suits growing families who prioritize large lots for recreation or future projects, and downsizers looking for ample single-level living without compromising on square footage. A thoughtful perspective is its appeal to value-conscious investors or buyers; the significant gap between its current assessed value and historical sale price suggests substantial equity growth, making it a property with a demonstrated financial track record in addition to its physical attributes.
Frequently Asked Questions
1. How does the lot size compare to typical properties in Winnipeg?
The 12,145 sqft lot is exceptionally large, ranking better than 97% of all properties in Winnipeg, placing it in the top 3%. This is a rare find, especially for a home built in 2016.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key detail to clarify with the listing agent to understand the full scope of living space.
3. The assessed value seems high for the area. Is this accurate?
While the assessed value is a municipal estimate for tax purposes, it is a strong market indicator. This home's assessment is in the top 2% of its neighbourhood (Bridgwater Lakes) and top 0% city-wide, suggesting the property is officially valued among the highest in Winnipeg.
4. Who might this property not suit?
It may not suit buyers seeking a low-maintenance yard, as the large lot requires more upkeep. It's also a one-storey design, so those preferring multi-level living might look elsewhere. The high assessment value may also result in correspondingly higher property taxes.
5. The home sold in 2017. What does that history tell us?
It sold for $124.50k in September 2017. Comparing that to its current $150.20k assessed value indicates a strong trajectory of value increase over a roughly seven-year period, providing concrete data on its financial performance.