Property Overview
This two-storey home in Bridgwater Lakes presents a compelling opportunity for buyers seeking a modern, spacious property in a desirable Winnipeg neighbourhood. Built in 2015, it sits on a generous 6,091 sqft lot and offers 2,622 sqft of living space. The home features an attached garage and an unfinished basement, providing a blank canvas for future customization.
Key Characteristics & Appeal
The primary appeal of this property lies in its combination of above-average size, modern age, and established location. The living area is notably spacious, ranking in the top 3% on its street and top 7% in Bridgwater Lakes. While the basement is unfinished, this is often seen as a positive for buyers who wish to design the space to their exact specifications without paying a premium for someone else’s renovations. The lot size is also substantial, offering ample outdoor space for a newer community.
Its value trajectory is strong, with the last sale price in July 2023 significantly higher than its 2019 sale, reflecting solid appreciation. The home’s assessed value ranks in the top tiers for the city, indicating official recognition of its worth.
This home would suit a growing family or professional couple looking for move-in-ready space in a newer suburb, with the long-term project of finishing the basement. It’s also a sensible choice for value-conscious buyers who prefer to put their own stamp on a home’s lower level rather than pay for a prior owner’s choices.
Frequently Asked Questions
Q: How does the unfinished basement impact the home's value and appeal?
A: It presents both a cost-saving at purchase and a future opportunity. You aren’t paying a premium for a finished basement you might want to redo, but you will need to budget and plan for its completion. It allows for customization but requires upfront planning.
Q: The home sold recently in 2023. Why might it be back on the market so soon?
A: While the specific reason isn't provided, short ownership periods can relate to life changes like job relocation, shifting family needs, or a change in financial circumstances. It’s not necessarily a reflection on the property itself.
Q: The lot is large for the area. What are the potential benefits?
A: Beyond more private outdoor space, a larger lot in a newer community like Bridgwater Lakes offers greater potential for landscaping, gardening, adding a deck or patio, and provides a buffer from neighbours. It also often contributes to better long-term value retention.
Q: How does the assessed value compare to the last sale price?
A: The last sale price ($700k in 2023) is substantially higher than the current assessed value ($70.20k). This is typical, as municipal property assessments in Manitoba often lag behind market values and are calculated for taxation purposes, not market sale. The sale price is the clearer indicator of current market worth.
Q: What is the significance of the high percentile rankings for living area and value?
A: These rankings show that compared to most homes in Winnipeg, this property is larger and has been valued higher (both in assessment and sale price). This suggests it is a above-average offering in terms of space and market position within the broader city context.