Property Overview
This two-storey home in Bridgwater Lakes, built in 2014, presents a practical opportunity in a modern Winnipeg neighbourhood. Its key appeal lies in a balance of space, age, and value. With 1,849 sqft of living area, the home is notably larger than most on its street and offers a generous 4,254 sqft lot. While the basement is unfinished, this provides a blank canvas for future expansion. The home ranks highly for its newer age compared to most of Winnipeg, suggesting modern building standards and less immediate need for major updates. Its detached garage and established lot size in a relatively young community are solid, grounded features.
The property would suit a first-time buyer or young family looking for a move-in-ready home in a newer suburb, with the basement offering clear potential for future growth. It also appeals to the value-conscious buyer who prioritizes more interior and land space per dollar over a fully renovated state. A less obvious angle is its appeal to those who prefer a "blank slate" – the unrenovated basement and the home's overall condition allow a new owner to customize without paying a premium for someone else's finished choices.
Frequently Asked Questions
1. Is the neighbourhood well-established?
Bridgwater Lakes is a modern community, with this home built in 2014. The area is still developing, but the 12-year age of this property means landscaping and street appeal are likely more settled than newer builds.
2. What does the "unfinished basement" mean for me?
It means the basement is a blank space with essential structural and utility elements in place, but without finished walls, floors, or ceilings. This is a cost-saving feature at purchase and allows you to finish it to your own taste, timeline, and budget.
3. How does the assessed value relate to the selling price?
The assessed value ($534,000) is for municipal tax purposes. The recent sold price (October 2024) was identical, which is a useful data point, but market conditions always determine the final sale price.
4. What are the practical benefits of a larger-than-average lot?
The lot size (4,254 sqft) is larger than 62% of those on the street. This typically allows for more private outdoor space, greater distance from neighbours, and more flexibility for additions like decks, gardens, or sheds.
5. How does this home compare to others in Winnipeg?
The data shows it ranks highly city-wide for its living area, assessed value, and newer age. This suggests you get a relatively modern, spacious home compared to the broader Winnipeg market, though it is more average within its immediate Bridgwater Lakes neighbourhood.