Property Overview & Key Characteristics
This two-storey home in Bridgwater Lakes presents a compelling blend of modern living and established value. Built in 2016, it sits on a generous 6,139 sqft lot and offers 2,345 sqft of living space, placing it in the top tier of homes in Winnipeg for both size and assessed value. A key feature is the renovated basement, adding flexible living space. The home’s appeal lies in its position within a desirable, relatively new neighbourhood, where it consistently ranks highly against its peers for lot size, modernity, and municipal assessment—signalling a well-regarded property in a stable community.
It would particularly suit buyers looking for a move-in ready home in a family-oriented area who value both space and a modern build. The strong assessed value history suggests it’s a sound investment for those prioritizing long-term equity, appealing to both growing families and professionals seeking a home that stands out in its local market.
Frequently Asked Questions
1. What does the high assessed value ranking actually mean?
The home’s assessed value is in the top 2% of all Winnipeg properties, indicating the city views it as a high-value asset relative to others. This often correlates with strong resale value and desirability, though market conditions ultimately determine the final sale price.
2. How does the renovated basement add value?
Beyond the extra square footage, a finished basement provides versatile space that can serve as a recreational area, home office, or guest suite without the need for immediate renovation work, offering both functional and financial benefits from day one.
3. The home sold for significantly less in 2019. Is this a concern?
Not necessarily. The jump in value between the 2019 and current assessed price likely reflects the basement renovation, strong market appreciation for the neighbourhood, and the home’s maturation in a sought-after community. It highlights a trajectory of added value.
4. Who might this neighbourhood, Bridgwater Lakes, appeal to?
Bridgwater Lakes is a master-planned community known for its parks, pathways, and lakes. It attracts buyers seeking a suburban feel with modern amenities, good schools, and a strong sense of community, ideal for those moving from older city neighbourhoods or newer suburbs.
5. Are there any less obvious advantages to this specific property?
The data shows it’s newer than 93% of Winnipeg homes, suggesting lower immediate costs for major component replacements (like roof or HVAC). Additionally, its high rankings across multiple categories—not just one—indicate a consistently superior profile within its area, which can provide a sense of stability and pride of ownership.