Property Overview
This 2018-built two-storey home in Bridgwater Lakes offers modern living with established community roots. Its key appeal lies in being a relatively new build (top 5% for age in Winnipeg) that has settled into a desirable, family-oriented neighbourhood. The home features a generous 2,371 sqft of living space (top 4% in Winnipeg) on a large 5,797 sqft lot, with an attached garage and an unrenovated basement providing future potential.
The property suits buyers looking for a move-in ready, spacious family home without the premium of a brand-new build. It’s ideal for those who value space, a modern floor plan, and a strong community ranking within Winnipeg. A thoughtful perspective is its 2020 sale price, which was significantly lower than the current assessed value; this suggests substantial market appreciation and may indicate a solid investment in a growing area, though it also means buying at a current market peak.
Frequently Asked Questions
1. What is the significance of the property rankings provided?
The rankings compare this home against others on its street, in Bridgwater Lakes, and across all of Winnipeg for metrics like size, age, and value. They show this home consistently performs in the top tiers city-wide, particularly for living area and newness, confirming its above-average standing.
2. The basement is listed as "not renovated." What does this imply?
It means the basement is unfinished or in a basic, builder-grade state. This is a key opportunity for future customization and added value, but it requires planning and investment for anyone wanting additional living space immediately.
3. How should I interpret the 2020 sale price versus the current assessed value?
The home sold for $53.1k in March 2020. Its current assessed value is $66.5k. This indicates significant appreciation, likely reflecting market trends and the desirability of the area. Buyers should consider this in the context of current market conditions.
4. What does the neighbourhood ranking tell me?
The home ranks better than 50% of properties in Bridgwater Lakes overall, placing it squarely in the middle of its immediate community. However, its lot size ranks better than only 50% locally, suggesting while the house itself is large, the yard size is average for this specific neighbourhood.
5. Are the "similar assessed value" properties good comparables?
They are financial comparables based on municipal assessment value only. They may be in different neighbourhoods and be different styles of homes. For true market comparison, you should look at recent sale prices of similar two-storey homes in Bridgwater Lakes.