Property Overview
This two-storey home in Bridgwater Lakes, built in 2013, presents a compelling mix of modern comfort and established value. Its key appeal lies in its above-average size, both in land (5,188 sqft) and living area (2,329 sqft), within a relatively new Winnipeg community. The home features an attached garage and a renovated basement, adding functional space. Its assessed value of $700k ranks it highly, placing it in the top tiers for the neighbourhood and city-wide, suggesting a solid investment in a desirable area.
The property would suit buyers looking for a move-in ready family home in a developed suburb, particularly those who value space and a modern build year without being the first owner. It also appeals to value-conscious purchasers who appreciate concrete metrics; the home consistently ranks better than most comparable properties in assessed value and living area, indicating good relative worth for the asking price.
Frequently Asked Questions
How does the property’s value hold up in its immediate area?
The assessed value of $700k ranks better than 71% of homes on the same street and 73% in the neighbourhood, indicating it is considered a higher-value property within its local market context.
What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the listing agent to understand the finish quality, layout, and whether permits were obtained.
The home was last sold in 2016. What does that suggest?
The 2016 sale price was $60.10k, which is not the purchase price but likely a nominal value for a title transfer, such as within a family. The current $700k assessment reflects its market value after nearly a decade of ownership and any improvements made.
How does the lot size compare?
At 5,188 sqft, the land area is larger than average for the street (better than 32%), but not exceptionally so. It offers standard suburban outdoor space for the area.
Are the provided comparisons truly similar?
The listed "similar assessed value" properties are across various Winnipeg neighbourhoods, not just Bridgwater Lakes. This highlights that at this price point, buyers may be comparing diverse locations, underscoring the importance of valuing this specific community's amenities and character.