Property Overview: 505 North Town Road, Bridgwater Lakes
Key Features & Ideal Buyer
This well-situated two-storey home in Bridgwater Lakes offers a compelling blend of space, location, and modern readiness. Its key characteristics include a generous 2,320 sqft of living space, a renovated basement, and an attached garage, all set on a large 8,049 sqft lot. Built in 2012, the home is past its initial settling period but remains contemporary.
The appeal lies in its strong positional metrics. The property ranks in the top 11% in Winnipeg for lot size and living area, offering above-average space both inside and out. It sits on a desirable street, ranking better than 89% of its immediate neighbors for lot size. While newer homes exist in the broader neighborhood, this property presents a value-oriented entry into a well-established, family-friendly community without waiting for construction. The renovated basement adds immediate functional space.
This home would suit practical buyers looking for a turnkey family home in a mature suburb. It’s ideal for those who prioritize lot size and interior square footage over having the absolute newest build, and for value-conscious purchasers who see the upside in a home that has already undergone significant updates like a basement renovation.
Frequently Asked Questions
1. How does the age of this home (built 2012) compare to the rest of the neighborhood?
While the home itself is 14 years old, it is newer than 88% of homes in the broader Bridgwater Lakes area, placing it in the top tier for year built locally. It offers a balance of established community and modern construction standards.
2. The assessed value is $68.90k. Is that the listing price?
No. The assessed value is for municipal tax purposes and is typically far below market value. It is a useful comparison tool—this home’s assessment is in the top 4% in Winnipeg—but does not reflect the current sale price. The last sold price in 2019 was $56.80k.
3. What do the ranking percentages (e.g., "Top 11%") actually mean?
These metrics compare this specific property against others in its street, neighborhood, and city for key features. For example, ranking in the "Top 11% in Winnipeg" for living area means 89% of Winnipeg homes have less interior space. It quantifies how this home stands out.
4. The lot size is large, but is the backyard usable?
With a lot area of over 8,000 sqft, the potential for outdoor living space is significant. The exact layout isn’t specified, but a rank in the top 11% in the city for land area suggests ample room for gardens, play structures, or patios.
5. Is the renovated basement a legal suite?
The details provided only confirm the basement is renovated. Whether it’s a legal secondary suite with a separate entrance and kitchen facilities is not stated and would require verification with the listing agent or city records.