36 Red Spruce Road

Property Overview: 36 Red Spruce Road, Bridgwater Lakes

Key Characteristics & Appeal

This two-storey home, built in 2014, presents a well-maintained property in the popular Bridgwater Lakes neighbourhood. Its key features include a renovated basement, a detached garage, and a living area of 1,917 sqft on a 4,252 sqft lot. The home’s primary appeal lies in its modern age and significant updates, paired with strong value metrics for the wider Winnipeg area. It ranks within the top 12% of the city for living space and the top 9% for the year it was built, indicating a relatively newer and roomier home compared to most of the market. The renovated basement adds immediate functional space without the need for a project.

This property would suit a buyer looking for a move-in ready home in a modern suburb, particularly one who values a home newer than most in the city and appreciates having the basement work already completed. It’s also a sensible choice for those who analyze value, as its assessed value places it in the top 8% citywide, suggesting a solid foundation of municipal valuation. The detached garage offers flexibility for storage or a workshop, appealing to hobbyists or families needing extra space.

Frequently Asked Questions

1. How does this home compare to others on the street?
While the home ranks highly for its size and age citywide, it’s more average within its own immediate street and neighbourhood. This suggests you’re getting a quality home that aligns with the local standard, without being an outlier.

2. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent to understand the quality of the renovation and how the space can be used.

3. The sold price from 2019 seems low. Why is that?
The 2019 sold price of $41,600k is not a typical sale; it is likely a data transfer or title change, not an arms-length market transaction. The current assessed value of $58.10k is the relevant figure for municipal valuation.

4. Is the land size a pro or con?
At 4,252 sqft, the lot is fairly standard for newer subdivisions. It provides adequate private outdoor space but is not exceptionally large. Buyers seeking extensive gardening space or vast privacy may want to view the lot in person.

5. What is the significance of the high citywide rankings?
Rankings in the top 10-30% for living area, year built, and assessed value across all of Winnipeg indicate this home, on paper, offers more modern space and municipal value perception than most properties in the city. It’s a data point that underscores its relative standing in the broader market.