Property Overview
This 2012-built, two-storey home in Bridgwater Lakes offers a blend of modern comfort and established community appeal. Its key characteristics include a generous 2,313 sqft of living space and a notably large 7,730 sqft lot, placing it in the top tier for size both on its street and within Winnipeg. The home features an attached garage and a renovated basement. Recent sale history shows significant value appreciation, with the property selling for $680k in late 2024, a substantial increase from its 2022 sale.
The appeal lies in its position within a desirable, newer neighbourhood, offering above-average space and a move-in-ready condition with the basement renovation already complete. It suits growing families or professionals seeking a spacious, low-maintenance home in a well-regarded suburban area. A thoughtful perspective is that while the home itself is modern, the lot size is a legacy feature that is increasingly rare in newer subdivisions, offering room for gardens, play, or future expansion that many newer constructions nearby cannot match. The strong performance in city-wide rankings for lot and living space suggests this property holds a long-term advantage in its category.
Frequently Asked Questions
1. How does the lot size compare to newer homes in the area?
At 7,730 sqft, this lot is significantly larger than the current standard for newer constructions in Bridgwater and similar communities, where lots are often narrower and deeper with less total area. This places it in the top 5% of lots on its street.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the finishes, whether it includes a legal secondary suite, the quality of moisture-proofing, and if permits were obtained for the work.
3. The assessed value is much lower than the recent sale price. Why?
Municipal assessed value ($65,200) is for taxation purposes and is typically based on mass appraisal techniques from a prior base date. It often lags behind the current market, which is better reflected in the recent $680k sale price.
4. Is the neighbourhood fully developed and established?
Yes, as a home built in 2012, this property is in an established part of Bridgwater Lakes. Infrastructure, landscaping, and community amenities are long-since complete, unlike in the newest phases of development.
5. What might the sale history indicate about the property?
The jump from a $67.4k sale in mid-2022 to $680k in late 2024 is not a market increase but likely reflects a data entry discrepancy or a non-arms-length transaction in 2022 (such as a title transfer between family members). The 2024 sale price is the relevant market indicator.