Property Overview & Key Characteristics
This two-storey home in Bridgwater Lakes, built in 2016, presents a compelling blend of modern living and established value. Its primary appeal lies in its strong, above-average positioning across nearly every metric for the area. With 2,350 sqft of living space and a renovated basement, the home offers ample room for a growing family. The lot size is generous, ranking better than 71% of others on the street.
The data reveals a consistent trajectory. The home's assessed value and recent sold price rank in the top 3-4% citywide, indicating official and market recognition of its worth. A key, less obvious point is its relative newness in a mature neighbourhood; being newer than 93% of Winnipeg homes means modern construction standards and minimal near-term repair concerns, while the established community offers settled green spaces and amenities.
This property would suit buyers looking for a move-in ready, modern family home in a desirable suburban community, who also value a strong investment profile. It’s particularly suited for those who appreciate data-backed evidence of a home’s standing within its micro-market, from the street level right up to the city scale.
Frequently Asked Questions
Q: How does the lot size compare practically?
A: At over 6,000 sqft, the lot is significantly larger than most on the street and in the neighbourhood, offering more private outdoor space—a valuable and less common feature in newer subdivisions.
Q: The sold price history shows a big jump between 2021 and 2024. Is that typical?
A: While the broader market saw increases, this home's value grew at a notably faster rate than most in its immediate area during that period, suggesting specific upgrades (like the basement renovation) or desirable attributes caught the market's attention.
Q: What does the "renovated basement" likely include?
A: The listing specifies it is renovated, which in a 2016 home typically means a finished lower level with proper insulation, drywall, flooring, and likely added living space such as a recreation room or additional bedrooms.
Q: The home ranks highly for its assessed value. What does that mean for taxes?
A: A high assessed value is a double-edged sword. It confirms the property's official valuation is strong, but it also means your property tax bill will be calculated on that higher value, so taxes will likely be above the city average.
Q: Are the comparable "similar assessed value" properties good indicators of this home's worth?
A: They are useful for tax assessment comparisons, but not for market value. Those listed are in different neighbourhoods across Winnipeg, highlighting that while their official tax value is identical, their actual market prices can vary widely based on location and condition.