Property Overview
This two-storey home in Bridgwater Lakes, built in 2013, presents a modern and low-maintenance living option on a generous lot. Its key appeal lies in a combination of space, recent updates, and strong value metrics within the wider Winnipeg market. The home features a renovated basement and an attached garage. The data suggests it is a well-above-average property in several key areas: it is newer than 90% of Winnipeg homes, has more living space than 96% of them, and holds an assessed value higher than 97% of properties in the city. This indicates a home that has been both well-maintained and is positioned in a desirable, modern community.
It would particularly suit young families or professionals seeking a move-in ready home in a newer suburb without the premium of a brand-new build. The renovated basement adds flexible living space, ideal for a recreation room, home office, or guest suite. A thoughtful perspective for buyers is the home's apparent "value density"—it offers substantial interior space and a high assessed value on a standard suburban lot, which can be more efficient than a larger, older property requiring more upkeep. The historical sale price from 2019, significantly lower than the current assessment, also hints at strong equity growth for the seller, which may be attractive to buyers looking for areas with solid appreciation.
Frequently Asked Questions
1. How does the property rank within its immediate area?
While it ranks highly city-wide, its standing is more nuanced locally. It's in the top third for lot size and year built on its own street, but its living area and assessed value are more average compared to the immediate neighbours in Bridgwater Lakes.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, permits, and the nature of the renovation (e.g., drywalling, flooring, ceiling) to understand the added value.
3. Is the 2019 sale price relevant?
The sale price of $572,000 from August 2019 is primarily a historical marker. It highlights the property's appreciation trajectory, but the current market value is better reflected by the $714,000 assessed value and recent comparable sales.
4. Who might this property not suit?
Buyers seeking a character home, a very large or private lot, or a swimming pool would need to look elsewhere. It is a classic, modern suburban family home suited for community living rather than seclusion or luxury amenities.
5. What are the comparable properties telling us?
The listed comparables with similar assessed values are in different neighbourhoods (like Ridgedale and Ridgewood South), suggesting this home offers a competitive value proposition within Bridgwater Lakes. It's wise to also view the nearby comparable on Bluemeadow Road for a direct neighbourhood comparison.