Property Overview: 36 Springwater Road, Bridgwater Lakes
Section 1: Key Characteristics & Appeal
This well-maintained two-storey home, built in 2018, offers modern living in the popular Bridgwater Lakes community. Its key appeal lies in a balance of space, newer construction, and established neighbourhood growth. With 2,364 sqft of living space and a 5,666 sqft lot, the property provides ample room for family life. The attached garage and existing (but unrenovated) basement add functional potential.
The home’s strength is its relative newness within a broader city context—it’s newer than 95% of Winnipeg homes, meaning major components are likely within their lifespan, offering peace of mind. Its value has appreciated steadily since 2020, indicating a solid investment in a desirable area. The lot size is above average for the immediate street, providing a bit more privacy and yard space than many neighbouring properties.
This property would suit first-time buyers or young families seeking a move-in ready, modern home without the premium of a brand-new build. It’s also a practical choice for value-conscious buyers who want the benefits of a newer community (like modern layouts and infrastructure) but appreciate that the initial "newness" phase has settled. The unrenovated basement presents a clear opportunity for future customization to add value and space.
Section 2: Frequently Asked Questions
1. How does this home compare to others on the street?
It ranks above average for living space (top 25% on the street) and lot size, but is middle-of-the-pack for year built on Springwater Road. This suggests you're getting a more spacious property on a street where some homes may be slightly newer or older.
2. What does the sale history indicate?
The home has sold twice in recent years (2020 and 2021), showing a healthy increase in value each time. This pattern suggests strong demand in the area and that the property has kept pace with or exceeded market trends.
3. Is the basement finished?
No, the basement is noted as "not renovated." This is a blank canvas for future development, allowing a new owner to customize the space to their needs, but it requires planning and investment for completion.
4. How does Bridgwater Lakes compare to wider Winnipeg?
The data shows this home consistently ranks in the top tier of Winnipeg properties for size, assessed value, and newness. However, within the Bridgwater Lakes neighbourhood itself, its rankings are more mixed—it's a solid, above-average home in an already high-performing community.
5. What is the significance of the assessed value versus last sale price?
The current assessed value ($66.30k) is below the last sold price in 2021 ($71.50k). It's important to consult with a real estate professional to understand current market conditions, as assessed values for tax purposes don't always directly reflect immediate market value.