Property Overview: 7 Red Spruce Road, Bridgwater Lakes
Key Characteristics & Appeal
This well-presented two-storey home in the popular Bridgwater Lakes community offers a blend of modern living and established comfort. Built in 2013, it sits on a generous 5,668 sqft lot and features 2,294 sqft of living space, a renovated basement, and an attached garage. Its appeal lies in its strong positional metrics: while the home itself is newer than most in Winnipeg (top 10%), its true value is in its above-average living space and assessed value compared to immediate neighbours and the wider city. It ranks in the top 30% of its neighbourhood for both size and official valuation, suggesting a property that stands out in its local context. The sales history shows steady value growth, with the last sale in 2021.
This home would suit buyers looking for a move-in ready property in a family-oriented, modern suburb, particularly those who value space and a renovated basement for flexible living. It’s a solid choice for someone seeking a home that performs well on key metrics within its own community, rather than just a new build. A thoughtful perspective is that this property represents a "established newcomer" in the area—past the brand-new stage but with ample modern life left, and now with the added benefit of matured landscaping and settled neighbourhood dynamics.
Frequently Asked Questions
1. How does the lot size compare to others on the street?
At 5,668 sqft, the land area is better than 45% of properties on Red Spruce Road, placing it in the top half for lot size on the street.
2. Has the property’s value increased over time?
Yes. Public sales data shows it sold for $49.5k in 2016 and $64.4k in 2021, demonstrating appreciation. The current assessed value is $68.90k.
3. Is the home newer or older than most in Winnipeg?
It is notably newer than most. Built in 2013, it is newer than 90% of properties in Winnipeg, ranking in the top 10% for year built city-wide.
4. What does the "renovated basement" include?
The provided details confirm the basement is renovated but do not specify the finishes or layout. This would be a key point to clarify with the listing agent or during a viewing.
5. How does the living space compare to nearby homes?
The 2,294 sqft of living area is larger than approximately 70% of homes in both the Bridgwater Lakes neighbourhood and on its own street, indicating a spacious interior relative to its immediate surroundings.