Property Overview: 3 Timbercrest Court, Bridgwater Lakes
Key Features & Ideal Buyer
This well-maintained one-storey home in the popular Bridgwater Lakes community offers a practical and modern living space. Built in 2014, its key characteristic is a renovated basement, adding valuable finished square footage to the 1,478 sqft main floor. The property sits on a generous, nearly 6,000 sqft lot with an attached garage, situated on a quiet court.
The appeal lies in its balance of a move-in ready condition within a sought-after, family-oriented neighbourhood. The home’s rankings against local comparables reveal nuanced strengths: while its living area is more compact than many in the immediate area, it excels in broader metrics. It is newer than 91% of Winnipeg homes and ranks in the top 8-9% citywide for both assessed value and recent sale price, suggesting strong underlying value and a history of solid investment.
This property would best suit downsizers, first-time buyers, or small families seeking the convenience of single-level living in a modern community. It’s ideal for those who prioritize a low-maintenance lifestyle, a finished basement for extra space, and a stable investment in a neighbourhood that consistently performs well in the wider Winnipeg market.
Frequently Asked Questions
Q: How does the living space compare to the neighbourhood?
A: The home’s living area is on the more modest side for Bridgwater Lakes, which is known for larger homes. This can be an advantage for buyers seeking easier maintenance and lower utility costs, while still enjoying all the community amenities.
Q: The assessed value seems low compared to nearby sold prices. Why?
A: Municipal assessed value (listed as $58.90k) is for taxation purposes and is not a market valuation. The home last sold for $61.5k in 2021, and its ranking in the top 6% of Winnipeg sale prices at that time indicates its market value is significantly higher.
Q: What does the "renovated basement" include?
A: The listing confirms the basement is finished but does not specify the details. A viewing is essential to see the quality, layout, and permitted status of the renovation to understand how it adds to the living space.
Q: Is the property a good investment based on its rankings?
A: Its consistent ranking in the top tiers of Winnipeg for year built, assessed value, and past sale price indicates a property that has historically held its value very well against city-wide benchmarks, which is a positive sign for long-term stability.
Q: The lot is large, but what about outdoor maintenance?
A: The 5,914 sqft lot offers great potential for gardening or outdoor living. As a one-storey home, the yard will feel particularly spacious, but buyers should consider the maintenance commitment for landscaping, snow clearing, and general upkeep that comes with a larger parcel.