Property Overview & Appeal
This one-storey home in Bridgwater Lakes offers a blend of space, recent updates, and strong value metrics. Its key characteristic is a large, 6,377 sqft lot, placing it in the top 17% of its street. The living area is a comfortable 1,960 sqft, and the basement has been renovated. Built in 2012, the home is well-established in a sought-after neighbourhood. Its appeal lies not just in the physical attributes, but in its standout financial position: the assessed value of $102.5k is notably higher than most comparable homes, ranking in the top 1% for Winnipeg, and its recent sale history shows consistent and significant value growth over the past seven years. This combination suggests a property that has been well-maintained and upgraded.
It would suit buyers looking for a move-in ready, single-level layout on a generous lot in a modern community. It's particularly suited for those who value financial prudence, as the data indicates a property that has outpaced area norms in assessed value—a point of interest for long-term investment-minded owners or those seeking stability.
Frequently Asked Questions
1. How does the assessed value compare to the recent sale price?
The home last sold in January 2024 for $900k, while its city assessment is $102.5k. This large discrepancy is normal in Winnipeg; the assessed value is for municipal tax purposes and is not intended to reflect market value. The consistent rise in actual sale prices is a more relevant indicator of market value.
2. Is the home newer or older compared to the neighbourhood?
Built in 2012, this home is older than most in Bridgwater Lakes, ranking in the top 88% (meaning only 12% of homes in the neighbourhood are older). This suggests it's one of the earlier builds in the area, offering a more mature yard and established location within the community.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent to understand the quality of the renovation and how the space can be used.
4. The lot is large, but how does the house size compare?
The living area of 1,960 sqft is above average for the street (top 31%) but near the median for the wider neighbourhood. This indicates a very good balance on a large lot—offering ample indoor space without sacrificing outdoor privacy or room for landscaping.
5. What is indicated by the strong value growth in its sale history?
The sale price increased from $750k in 2017 to $900k in 2024. This strong appreciation, coupled with an assessed value in the top 1% for the city, suggests the property has likely seen improvements or benefits from a premium location within Bridgwater Lakes. It points to a history of solid value retention.