Property Summary: 321 Bridge Lake Drive, Bridgwater Lakes
Key Characteristics & Appeal
This well-maintained two-storey home, built in 2014, sits on a generous 5,000+ sqft lot in the popular Bridgwater Lakes neighbourhood. Its key appeal lies in a combination of modern convenience and strong value metrics. The home features a renovated basement and an attached garage, with a living area that ranks within the top 10% for size across Winnipeg. While its lot size is above average for its street, the property's standout characteristic is its financial performance: it has appreciated significantly from its 2021 sale price, and its most recent sale price and current assessed value rank in the top 5-10% of all Winnipeg properties. This suggests a history of solid investment value.
The home would suit practical buyers looking for a move-in ready property in a modern suburb, particularly those who value data-driven indicators of a sound investment. It’s ideal for growing families or professionals seeking space and community amenities in a newer development. A thoughtful perspective is that while the home is newer than most in the city, it is slightly older than many in its immediate area, which may appeal to buyers looking for a more established streetscape without sacrificing modern build quality.
Frequently Asked Questions
1. How does this property compare to others in Bridgwater Lakes?
The home has a larger-than-average lot for its street and a living area that is very competitive in the neighbourhood. Its assessed and recent sale values, however, rank higher city-wide than within Bridgwater Lakes itself, indicating it may offer better value relative to the broader Winnipeg market.
2. What does the sale history indicate?
The property sold for $610,000 in 2021 and $660,000 in 2023, demonstrating strong appreciation over a two-year period. This trend is a positive indicator of the home’s market value.
3. Is the basement development a full suite?
The listing specifies a renovated basement, but does not detail if it is a legal suite with a separate entrance. This would be a key point to clarify with the listing agent.
4. What are the annual property taxes?
Taxes can be estimated using the provided assessed value of $63,100k and the current City of Winnipeg mill rate. Your real estate agent can provide a precise calculation.
5. How does the age of the home (2014) factor in?
A 12-year-old home is still considered modern but is past the initial builder warranty period. This means major systems should be in good condition, but a thorough inspection is wise to anticipate any upcoming maintenance, such as HVAC servicing or appliance updates, that come with a home of this age.