Property Overview
This 2014-built, single-storey home in Bridgwater Lakes sits on a generous 4,250 sqft lot. Its key features include a renovated basement and a detached garage. With 1,254 sqft of living space, the home has a solid assessed value of $520k, reflecting its established position in the market. Recent sale history shows steady appreciation.
Section 1: Key Characteristics & Appeal
The primary appeal of this property lies in its balance of a modern build year and a well-sized, established lot in a sought-after neighbourhood. The renovated basement adds immediate functional living space without the need for buyer investment. Its single-storey layout offers accessibility and straightforward living.
The home suits practical buyers looking for a move-in-ready foundation in a popular area. It’s ideal for first-time buyers seeking a manageable footprint, downsizers wanting minimal stairs, or investors attracted by the neighbourhood's consistency and the value-add of a finished basement. A thoughtful perspective is that while the living area is modest relative to some neighbours, the lot size offers valuable future potential for expansion or landscaping, which is increasingly rare in newer subdivisions. The strong city-wide rankings for its build year and assessed value suggest a property that has kept pace with Winnipeg's market, offering a stable, if not flashy, investment.
Section 2: Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 1,254 sqft, the living area is smaller than many comparable homes in Bridgwater Lakes, as indicated by its neighbourhood ranking. This is a key consideration for space needs but is reflected in the pricing and may appeal to those seeking efficiency.
2. What does the sale history indicate?
The home sold for $495k in 2021 and $535k in 2024. This indicates steady market appreciation over a three-year period, suggesting stable value growth in its location.
3. Is the lot size a significant feature?
Yes. At 4,250 sqft, the lot is larger than over 90% of those on its street. This provides above-average outdoor space, a rarity in newer communities, and is a major asset for privacy, recreation, or future projects.
4. How does its value compare within Winnipeg?
Its assessed value of $520k ranks within the top 15% city-wide, positioning it above average for Winnipeg. However, within its immediate neighbourhood and street, it ranks in the middle to lower tiers, indicating you are paying a premium for the Bridgwater Lakes location itself.
5. What is the significance of the "renovated basement"?
This is a key feature that adds immediate usable space without the hassle or cost of a renovation. It effectively increases the home's functional square footage, making it move-in ready for an extra bedroom, recreational room, or home office.