Property Overview
This single-storey home in Bridgwater Lakes presents a compelling blend of space, location, and established value. Built in 2017, its primary appeal lies in its generous 11,371 sqft lot—a rarity that places it in the top 8% of its street and top 7% of the neighbourhood for land area. The home itself features 1,817 sqft of living space with a renovated basement and an attached garage. Its recent sale in June 2024 at $106,800k closely aligns with its current assessed value of $105.50k, indicating a stable and premium market position, ranking in the top 1% of Winnipeg for assessed value.
This property is ideally suited for buyers seeking a low-maintenance, single-level layout without sacrificing outdoor space. It would particularly appeal to downsizers or young families looking in the Bridgwater area who prioritize a large, private yard over a larger house footprint. The strong value rankings suggest it’s also a solid candidate for those viewing real estate as a long-term investment, with the lot size being a key asset for future appreciation.
Frequently Asked Questions
How does the lot size compare to newer homes in the area?
At over 11,000 sqft, this lot is significantly larger than many found in newer subdivisions. It ranks better than 93% of lots in Bridgwater Lakes, offering a level of outdoor space that is becoming increasingly uncommon.
The home is only 9 years old. Why would the basement already be renovated?
This indicates proactive upgrades by the previous owner. For a buyer, it means move-in readiness and added living space without immediate renovation costs or hassles, which is a notable advantage in a modern home.
The assessed and recent sale values are very close. What does this indicate?
This close alignment typically suggests the property is valued fairly and accurately by both the market and the assessor. It points to a stable, transparent valuation with less risk of unexpected tax reassessments post-purchase.
Who might this one-storey layout not suit?
Buyers who need multiple distinct living areas or more than three bedrooms may find the single-level floor plan limiting, especially if the renovated basement is already finished as a specific suite or rec room. It’s best for those comfortable with an open-concept flow.
What does ranking in the top 1% of Winnipeg for assessed value really mean?
It underscores the property’s premium position within the entire city market. While influenced by the desirable Bridgwater Lakes address, this ranking is primarily driven by the combination of its large lot, modern age, and finished condition, setting it apart from the vast majority of Winnipeg homes.