Property Overview
This two-storey home in Bridgwater Lakes is a standout property defined by its impressive scale and established value within a modern Winnipeg community. Built in 2012, it sits on a large lot and offers expansive living space, having been notably renovated in the basement. Its appeal lies in offering substantial room for a growing or multi-generational family within a sought-after, relatively new neighbourhood. The home suits buyers looking for a move-in ready, spacious property where the major work of finishing the basement is already complete, and who prioritize space and community amenities over having the very newest build on the block.
Key Characteristics & Ideal Buyer
The home’s most defining feature is its exceptional size. With over 3,300 square feet of living area, it ranks in the top 1% of homes on its street and in the wider Bridgwater Lakes area. The lot is also generously proportioned, larger than most in the vicinity. While the 2012 build date means it’s not the newest, it places the home in a sweet spot—past any initial settling issues of a brand-new build but still modern, with likely contemporary layouts and efficiencies. The fully renovated basement adds significant finished space and immediate functionality.
This property would perfectly suit a family needing ample indoor and outdoor space, or perhaps professionals who work from home and desire dedicated areas. It’s also a strong fit for buyers who derive confidence from clear market metrics; the assessed value and its last sold price in 2022 are both in the top percentile for the city, indicating a history of strong valuation. The buyer here is likely trading the premium for a brand-new construction for the value, space, and established landscaping of a well-regarded, decade-old home.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on the finish, rooms (e.g., bedroom, bathroom, rec room), and quality of materials should be verified with the seller or during a viewing to understand its full value.
2. How does the 2012 build date affect the home?
A home of this age may soon require proactive maintenance or updates to components like the roof, HVAC system, or major appliances, which should be factored into budgeting. Conversely, it benefits from being built to modern codes and likely has a matured, established yard.
3. The assessed value seems low compared to the last sale price. Why?
Municipal assessed value for tax purposes is often significantly lower than market value and does not reflect current real estate conditions. The 2022 sale price of $1,650k is a far more relevant indicator of its market worth.
4. What is the community of Bridgwater Lakes like?
As a planned community in Winnipeg, it typically offers family-friendly amenities like parks, pathways, and nearby schools. Prospective buyers should research current community offerings, traffic patterns, and any future development plans for the area.
5. Are there any concerns with such a large living space?
While spaciousness is a major asset, buyers should consider the utility costs (heating/cooling) for a home of this size, as well as furniture and window coverings, which can be a significant additional investment.