This two-storey home in Bridgwater Lakes is a modern property built in 2018, positioned on a large, premium lot. Its key appeal lies in a combination of space, recent construction, and strong market performance. The nearly 8,800 sqft lot size is notably larger than most in the area, placing it in the top 15% of its street. The home itself offers over 2,000 sqft of living space and features a renovated basement and an attached garage.
The property’s standout characteristic is its exceptional value trajectory. It last sold in July 2022 for $910,000, a price point that ranks in the top 1% of all Winnipeg sales historically, indicating a highly desirable location and property package. Its current assessed value, while significantly lower, still places it in the top 2% citywide, suggesting official recognition of its premium attributes. This home would suit buyers looking for a move-in ready, modern build in a sought-after neighbourhood, who prioritize a spacious lot and are attuned to properties with a demonstrable record of high value. It’s particularly suited for those who see long-term value in land size and recent sales history, not just current assessments.
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How does the large lot size specifically benefit this property?
Beyond simple curb appeal, a lot of this size (top 15% on the street) offers rare potential for expansion, gardening, or private outdoor living space in a newer community, providing a long-term advantage as neighbourhoods mature and space becomes scarcer.
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Why is there a significant gap between the 2022 sale price and the current assessed value?
This is a common point of analysis. The sale price reflects the competitive market peak of 2022 and what a buyer was willing to pay for this specific home. The assessed value is a municipal valuation for tax purposes, often lagging behind rapid market shifts. The key takeaway is the property's proven ability to command a top-tier price.
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What does the "renovated basement" entail?
The listing notes a renovated basement, but specifics on finish quality, permits, and the scope of work (e.g., is it a legal suite, a rec room, or additional bedrooms?) are essential to clarify, as this significantly impacts livable space and value.
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How does this home compare to the nearby reference property on Creekside Road?
The listed comparable at 180 Creekside Road has a similar build year but a smaller lot, less living area, and a lower assessed value. This side-by-side data highlights how the specific lot size and features of 210 Springwater Road contribute to its elevated value positioning.
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What is the significance of the "Top 1%" sales rank in Winnipeg?
This statistic isn't just about price; it indicates that this property outperformed 99% of all homes sold in Winnipeg at that time. It speaks to a combination of desirable location, property features, and market timing that is very uncommon, suggesting a highly competitive profile when it hits the market.