7 Timbercrest Court

Property Overview: 7 Timbercrest Court, Bridgwater Lakes

Key Characteristics & Appeal

This well-maintained, one-storey home in the popular Bridgwater Lakes neighbourhood offers a practical and modern living space. Built in 2014, its key feature is a renovated basement, adding valuable finished square footage to the 1,543 sqft main floor. The property sits on a generous 5,851 sqft lot with an attached garage.

The primary appeal lies in its balance of a newer build in a family-centric community with the added value of a completed lower level. The data suggests it is a solid, above-average property within the wider Winnipeg context, ranking highly for its newer age and assessed value compared to the entire city. It particularly suits first-time buyers or downsizers seeking a single-level layout without a major renovation project, and who value the move-in readiness a renovated basement provides. A thoughtful perspective is that while the living area is modest for the street, the full package—including the lot size and updates—offers efficient use of space for the right buyer.

Potential Buyer FAQs

1. How does this home compare to others on the street?
The home has a larger-than-average lot for the street but a more modest main living area. Its assessed value is in the lower quarter for Timbercrest Court, which could represent value but may also reflect the one-storey design or interior finishes relative to neighbours.

2. What does the neighbourhood ranking mean?
Rankings are based on the provided metrics. The property ranks in the top half of Bridgwater Lakes for year built and lot size, but in the lower half for living area and assessed value. This indicates a newer home on a good-sized lot, but not among the largest or highest-valued homes in the immediate area.

3. Why is the assessed value higher than the last sale price?
The home sold for $462,500 in October 2021. The current $600,000 assessed value reflects the municipal assessment for taxation purposes, which considers market trends and may differ from an appraised market value or eventual sale price.

4. Is the basement renovation permitted?
Prospective buyers should always verify with the seller or their agent that any renovations, including the basement, have the necessary city permits and comply with building codes.

5. Who might this property not suit?
Buyers requiring extensive main-floor living space or multiple bedrooms on one level may find the layout limiting. Similarly, those seeking a property with top-tier rankings in its immediate neighbourhood for size and value might look for a larger two-storey model in the area.