Property Overview: 315 Creekside Road, Bridgwater Lakes
Key Characteristics & Appeal
This is a modern, one-storey home built in 2020, situated on a large, premium lot in Winnipeg's Bridgwater Lakes community. Its primary appeal lies in a combination of desirable location, generous land size, and recent construction. The home features an attached garage, a renovated basement, and 1,900 sqft of living space.
The standout characteristic is the property's exceptional value positioning within the broader market. The lot is notably large (over 9,700 sqft), ranking in the top tier for its size both on the street and across Winnipeg. More strikingly, its assessed value places it in the top 1% of all Winnipeg properties, suggesting a highly favourable official valuation relative to its last sale price. This creates a compelling proposition for value-conscious buyers or investors.
The home suits buyers seeking a low-maintenance, single-level layout in a modern neighbourhood, with the added benefit of a finished basement for extra space. It’s particularly well-suited for those who prioritize land size and long-term value metrics over sheer interior square footage, as the living area is comfortable but not oversized for the area. The strong performance across ranking categories—from lot size to assessed value—indicates a property that holds a premium position within its community.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home was last sold in January 2022 for $1,000,000. Its current assessed value is $1,107,800, which is higher than the purchase price. This could reflect market changes, improvements made (like the basement renovation), or the premium value placed on the lot.
2. Is the living space smaller than other homes nearby?
At 1,900 sqft, the living area is somewhat modest compared to some neighbours. For example, a nearby reference property at 180 Creekside Road has 1,942 sqft. The appeal here is balanced toward the lot size and overall property value rather than maximizing the home's footprint.
3. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the details. A prospective buyer should inquire about the scope of work, the quality of finishes, whether permits were pulled, and if the space includes legal bedrooms or additional living areas.
4. Why are the lot size and rankings significant?
The lot of 9,707 sqft is significantly larger than average, ranking better than 93% of properties in Winnipeg. In a newer community like Bridgwater Lakes, large lots are often a scarce and valued commodity, offering more privacy, yard space, and future potential.
5. How does this property fit within Bridgwater Lakes?
The data shows it ranks in the top 11% of the neighbourhood for year built (very new) and top 7% for assessed value. This indicates it is considered one of the more modern and highly valued properties within Bridgwater Lakes itself, not just in wider Winnipeg.