Property Overview: 220 Bellflower Road, Bridgwater Lakes
Section 1: Key Characteristics & Appeal
This well-located one-storey home in the popular Bridgwater Lakes community offers a practical, low-maintenance lifestyle. Built in 2013, it sits on a generous 5,575 sqft lot—larger than most on its street—providing ample private outdoor space. The home features an attached garage and a full, unrenovated basement offering potential for future customization.
Its primary appeal lies in its established neighbourhood setting and strong value fundamentals. The property ranks highly for its newer age and above-average lot size within Winnipeg, suggesting a solid long-term investment in a desirable area. It suits first-time buyers seeking a move-in-ready home with room to grow, or downsizers looking for single-level living without sacrificing yard space. The recent sale in 2024 indicates a refreshed market value, and the high city-wide rankings for lot size and year built point to a property that holds underlying appeal beyond its modest living area.
Section 2: Frequently Asked Questions
1. How does the living area size compare to the neighbourhood?
At 1,176 sqft, the living area is smaller than most homes in both Bridgwater Lakes and on Bellflower Road itself. This emphasizes the home's focus on efficient, single-level living and its large lot.
2. What do the assessment and sale price figures indicate?
The 2024 sale price of $453,400 is significantly higher than the assessed value of $48,500, which is not unusual as municipal assessments often lag behind market values. The sale price ranks well within Winnipeg, suggesting the market supports its value.
3. Is the basement finished?
No, the basement is not renovated. This presents both a cost-saving advantage on the purchase price and a blank canvas for future expansion or storage, depending on the buyer's needs.
4. How stable has the property's value been?
The home sold for $370,000 in late 2016 and $453,400 in mid-2024. This represents a notable increase over an eight-year period that included significant market fluctuations, indicating resilient value retention.
5. What is the immediate neighbourhood like?
The home is on a mature street within Bridgwater Lakes, with houses built around the same time. The high ranking for "year built" on the street (newer than 85% of neighbours) suggests a consistent, established streetscape.