Property Overview
This two-storey home in Bridgwater Lakes offers a practical opportunity in a modern, planned community. Built in 2013, it sits on a generous 4,252 sqft lot, providing above-average outdoor space for the area. The 1,694 sqft living area is competitively sized, ranking well within the wider Winnipeg context. Its appeal lies in being a relatively newer build in a sought-after neighbourhood, presenting a solid canvas for personalization. The home has an unfinished basement, which is a key feature for buyers looking to add value and tailor the space to their exact needs without the premium of a prior renovation. The property suits first-time buyers, young families attracted by the community amenities, or value-conscious purchasers who prefer to put their own stamp on a home over time. A thoughtful perspective: while its assessed value ranks lower within its immediate street and neighbourhood, this can indicate a more accessible entry point into a desirable area where surrounding properties hold their value well.
Frequently Asked Questions
1. What is the significance of the lot size?
At over 4,200 sqft, the lot is larger than many in Bridgwater Lakes. This means more private yard space for gardening, play, or entertaining, which is a valuable and less common find in newer subdivisions.
2. The home has an unfinished basement. What should I consider?
This is a key opportunity to add both living space and value. You can finish it to suit your needs—a recreation room, home office, or extra bedrooms. Ensure you budget for this project and inquire about permits and the existing condition (plumbing rough-ins, ceiling height, etc.).
3. How does the assessed value compare to the last sale price?
The property was last sold in November 2021 for $444,500 and is currently assessed at $486,000. This difference can reflect market changes, improvements, or assessment methodology. It’s a starting point for discussion, but market conditions will determine the final sale price.
4. There's no garage. Is parking or adding one possible?
The listing indicates no garage. You should verify driveway capacity for vehicles and review community bylaws and lot layout to understand the feasibility and cost of potentially adding a garage or carport in the future.
5. The rankings show it's in the top tiers for Winnipeg overall but lower within its own neighbourhood. What does this mean?
This highlights Bridgwater Lakes as a premium neighbourhood where property standards are high. While this home may be more modest compared to its immediate neighbours, it still benefits from the community's amenities, reputation, and overall desirability within the broader Winnipeg market.