Property Overview
This two-storey home in Bridgwater Lakes is a modern, low-maintenance property built in 2018. Its primary appeal lies in its balance of contemporary living and established community. The home features a renovated basement, an attached garage, and a living space of over 2,000 square feet on a generous lot. Key data points suggest it offers above-average space and newer construction compared to most of Winnipeg, positioning it as a turn-key home in a sought-after neighbourhood.
Who It Suits:
This property is ideal for young families or professionals seeking a modern home in a developed area without the wait or uncertainties of new construction. Its manageable size and renovated condition suit buyers looking for a move-in-ready property with little immediate work required. The strong rankings for lot size and living area within Winnipeg indicate it offers more space than many newer homes, appealing to those who value room to grow outdoors without excessive yard maintenance.
Key Considerations:
A thoughtful perspective is the home’s value proposition within its immediate street. While it scores highly against the wider city, its rankings on Springwater Road for metrics like assessed value and recent sale price are more moderate. This suggests it sits in a solid, middle-range position within its own block, which could be seen as a stable investment in a consistent area rather than a standout bargain. The renovated basement adds flexible living space, a significant asset for remote work or extended family.
Frequently Asked Questions
1. How does this home compare to others in Bridgwater Lakes?
The home is newer than 88% of properties in the neighbourhood and has a larger living area than 54% of them. Its assessed value is also higher than half of the homes in the area, placing it in a solid, above-average position within this popular community.
2. What is the significance of the lot size?
At 5,666 sqft, the lot is larger than average for the area and the city. This provides more private outdoor space than many newer properties, which is a key feature for families or those who enjoy gardening and entertaining.
3. The home sold in 2021; what does that past sale price indicate?
The previous sale price in March 2021 was $53,900. This is not the purchase price of the home; it likely represents a legal title transfer, such as between family members or as part of a refinancing arrangement. It should not be used as a marker of the home’s current market value.
4. Is the property tax assessment a reliable indicator of the listing price?
The assessed value of $630k is for municipal tax purposes and is based on a mass appraisal system. It can be a useful benchmark, showing the home is valued highly by the city assessor compared to most Winnipeg properties. However, the final market price is determined by current buyer demand and comparable sales.
5. What are the less obvious factors to consider about this location?
The data shows the home’s metrics (like size and assessed value) are stronger city-wide than on its specific street. This suggests Springwater Road may have a mix of home values and sizes. Buyers should explore the street directly to gauge its character and uniformity, which can impact long-term value and day-to-day living feel.