Property Overview
This two-storey home in Bridgwater Lakes offers a modern, low-maintenance lifestyle in a sought-after Winnipeg community. Built in 2014, it sits on a spacious lot with an attached garage. The home’s key appeal lies in its balance of being relatively new, reducing immediate concerns about major system replacements, while offering a blank-canvas basement for future customization. Its recent sale history shows significant value growth, suggesting a stable investment in a well-regarded area.
The property suits first-time buyers or young families seeking a move-in ready home in a modern neighbourhood. It also appeals to value-conscious buyers who appreciate having a large, unrenovated basement to finish according to their own taste and budget, adding future equity. The rankings indicate that while the home itself is on the smaller side for the street, the lot size and the property's overall assessed value are strong points within the wider city context.
Frequently Asked Questions
1. How does the living space compare to the neighbourhood?
At 1,572 sqft, the living area is more compact than many homes in Bridgwater Lakes, ranking in the top 85% (meaning 85% of area homes are larger). This suggests a efficient, manageable layout that may appeal to those prioritizing lower utility and maintenance costs.
2. What does the sold price history indicate?
The home sold for $570k in July 2024, a substantial increase from its 2021 sale at $536k. This indicates strong market demand and appreciation in the area, though buyers should investigate recent comparable sales for current context.
3. Is the basement finished?
No, the basement is noted as "not renovated." This presents both a cost and an opportunity—it requires investment to finish but allows the next owner to create exactly the space they need.
4. How does the lot size rank?
The 5,512 sqft lot is a key feature, ranking better than 72% of lots on the same street. This offers above-average outdoor space for the immediate area, which is a valuable asset in a newer community.
5. What is the significance of the assessed value being lower than the recent sale price?
The assessed value for taxation purposes ($524k) is typically below market value. The recent sale price of $570k is a more accurate reflection of its current market worth. Always use recent sale prices, not assessed values, for market comparisons.