231 Bellflower Road

Property Overview: 231 Bellflower Road, Bridgwater Lakes

Key Characteristics & Appeal

This is a well-maintained, two-storey home built in 2012, situated on a generous 4,251 sqft lot in the modern Bridgwater Lakes community. With 1,738 sqft of living space, a detached garage, and an unrenovated basement, it presents a solid, move-in-ready canvas. The home’s core appeal lies in its balance of relative newness and established community roots. While its size and lot are comfortably above average for the immediate street, its standout feature is its position within the wider Winnipeg context: it ranks better than 80-90% of the city for living area, assessed value, and recent sale price, suggesting strong underlying value for a property of its age and type.

This property would suit practical buyers looking for a low-maintenance home in a planned neighbourhood, without the premium of a brand-new build. It’s ideal for a young family or professional couple who values the modern infrastructure of Bridgwater Lakes and may see potential in the unfinished basement for future customization. The strong city-wide rankings indicate it could also appeal to the value-conscious buyer seeking a home that has held its worth well compared to the broader market.

Frequently Asked Questions

1. How does this home compare to others in Bridgwater Lakes?
The home is newer than about 88% of homes in the neighbourhood and has a larger living area than 70% of them. However, its assessed value is only higher than 14% of neighbourhood homes, which may reflect its specific street or a conservative assessment.

2. What does the sale history indicate?
It sold for $565,000 in June 2022 and $405,000 in February 2021. The significant increase between those dates aligns with the peak market period. The current assessed value is notably lower than the 2022 sale price.

3. Is the lot size typical?
Yes. At 4,251 sqft, the lot is larger than most on its street (better than 88%) and offers ample outdoor space for a newer community where lots can be smaller.

4. What should I know about the basement?
The listing specifies the basement exists but is "not renovated." Buyers should budget for finishing this space to add living area and should investigate its current condition, insulation, and ceiling height.

5. How does this property rank for value in Winnipeg?
Its historical sale prices rank in the top 10-34% citywide, and its assessed value is in the top 15%. This suggests it has been perceived as a good value relative to the entire Winnipeg market, not just its immediate area.