Property Summary: 28 Red Spruce Road, Bridgwater Lakes
Key Characteristics & Appeal
This 2014-built, one-storey home sits on a generous 4,488 sqft lot in the popular Bridgwater Lakes neighbourhood. Its key features include a renovated basement and a detached garage. The appeal here is rooted in value and practicality within a modern community. While the living space is modest at 1,174 sqft, the home benefits from a newer build year (newer than 91% of Winnipeg) and a lot size that offers good outdoor potential. The recently renovated basement adds immediate functional living space without the need for future investment.
This property would suit first-time buyers or downsizers seeking a low-maintenance, single-level layout in a newer suburb. It’s also a practical option for value-focused investors or buyers who prioritize a larger lot and a modern building envelope over expansive interior square footage. The recent sale in late 2023 suggests a stable, current market value.
Frequently Asked Questions
1. How does the property's value compare to the neighbourhood?
The assessed value is in the lower tier for Bridgwater Lakes, ranking better than only 5% of area homes. This indicates it may be one of the more accessible entry points into this newer neighbourhood.
2. Is the living area suitable for a growing family?
With 1,174 sqft of living space, the home is compact. It ranks in the bottom 2% for size within the neighbourhood, so families requiring multiple bedrooms or dedicated play areas should carefully consider their space needs, though the renovated basement provides additional room.
3. What does the lot size offer?
At 4,488 sqft, the lot is above average for the street. This is a notable advantage, providing good private outdoor space for gardening, recreation, or future additions like a deck or shed, which can offset the smaller interior.
4. Why is there a significant difference between the assessed value and the last sale price?
The last sold price ($352,500 in 2023) is the market value from a recent transaction. The much lower assessed value ($49,500) is for taxation purposes only and is not indicative of the home's market price.
5. What are the pros and cons of its "ranking" data?
The data shows a mix: the home is newer than most in the city but smaller than most on its street. This highlights a trade-off—you’re getting a modern build in a desirable area, but the interior footprint is compact, which is reflected in its competitive positioning.