Property Overview
This two-storey home in Bridgwater Lakes, built in 2013, offers a modern foundation in a newer Winnipeg community. Its key appeal lies in its balance of a relatively new build with a generous, private lot. The 4,889 sqft land area is notably larger than many in the immediate area, providing above-average outdoor space for the neighbourhood. The home itself, at 1,480 sqft, offers practical living space suitable for a small family, couple, or first-time buyer looking for a low-maintenance, detached home with a detached garage.
Its strongest suit is the lot size and the age of the property, placing it in the top 10% of Winnipeg for newer construction. However, the living area and current assessed value rank lower within its own street and neighbourhood, suggesting it may be a more value-conscious entry point into the desirable Bridgwater Lakes area. This property would suit buyers prioritizing a newer build and yard space over immediate move-in luxury, as the basement is noted as unrenovated. It’s a pragmatic choice for someone willing to grow into the home and potentially add value over time.
Frequently Asked Questions
1. How does the lot size compare to others nearby?
The 4,889 sqft lot is a standout feature, ranking better than 80% of properties on the same street. This means you’re getting more private outdoor space than most of your immediate neighbours.
2. What does the "rank" information for the living area and assessed value indicate?
While the home is newer than 90% of Winnipeg, its living space and assessed value rank in the bottom 25% within its own street and neighbourhood. This suggests it may be one of the more modestly sized and priced homes in the area, which can be an advantage for budget-conscious buyers.
3. The home sold in 2019 for $40.70k, but is now assessed at $50.80k. What does this mean?
The 2019 sale price is likely not representative of a full market transaction (it may reflect a title transfer, partial interest, or other non-arms-length sale). The current assessed value of $50.80k is the city’s valuation for tax purposes and should be considered separately; market value is determined by current buyer demand.
4. Is the basement finished?
No, the basement is noted as "not renovated," meaning it is unfinished. This presents both a blank canvas for future expansion and an immediate cost to consider if finished living space is needed.
5. What are the implications of the home being in the top 10% for age in Winnipeg?
A 2013 build offers significant advantages: modern building codes, newer major systems (like roof, furnace, windows), and likely better energy efficiency. This can translate to lower immediate repair costs and fewer surprises than with an older home.