Property Overview
This two-storey home in Bridgwater Lakes offers a compelling mix of space, modern updates, and strong value metrics. Built in 2012, its key appeal lies in its generous proportions—both the 2,407 sqft interior and the 6,377 sqft lot rank in the top tiers for the area—paired with a recently renovated basement. The property’s standout characteristic is its exceptional assessed value, which places it in the top 1% of Winnipeg, suggesting a very favorable municipal valuation relative to its size and neighbourhood.
The home is ideally suited for growing families or professionals seeking established, spacious living in a modern community without the premium of a brand-new build. Its appeal is grounded in practical move-in readiness, with the renovation work already done. A less obvious advantage is its position on a street where it outperforms most homes in lot size, offering more outdoor privacy and potential than is typical for the area. Buyers who prioritize long-term value and equity, as indicated by strong historical sale and assessment rankings, will find this property particularly aligned with their goals.
Frequently Asked Questions
Q: How does the assessed value compare to the last sale price?
A: The current assessed value is significantly lower than the 2016 sale price of $910k. This can be appealing for property tax calculations, but it's essential to have a current market evaluation to understand today's true value.
Q: Is the home older than others in Bridgwater Lakes?
A: Yes. Built in 2012, it is older than approximately 90% of homes on its street and in the wider neighbourhood. This often means the landscaping and community are more established, but some systems may be nearing routine maintenance or update intervals.
Q: What does the "renovated basement" include?
A: The listing confirms the basement is renovated but does not specify the scope. A viewing or inquiry with the listing agent is necessary to determine the finishes, layout, and whether it includes a legal suite or additional bedrooms.
Q: The lot is large for the area. What are the implications?
A: A lot size ranking better than 83% on the street offers more yard space, potential for additions like a deck or shed, and greater distance from neighbours. It also may mean slightly more maintenance compared to a standard lot in the community.
Q: Are the high rankings for value and size a guarantee of a good investment?
A: While the rankings indicate strong historical and assessed value performance relative to peers, they are not a future guarantee. They are a useful data point showing the home has traditionally held its value well, but current market conditions and the property's specific condition are the ultimate determinants.