Property Summary: 7 Willow Brook Road, Bridgwater Lakes
Section 1: Key Characteristics & Appeal
This two-storey home in Bridgwater Lakes presents a compelling blend of modern build quality and established value. Built in 2019, it is newer than approximately 95% of homes in its immediate neighbourhood, offering the appeal of a contemporary layout and systems without the wait of new construction. The property sits on a generous 5,901 sqft lot and features 2,399 sqft of living space, an attached garage, and a renovated basement.
Its primary appeal lies in its strong performance within the broader Winnipeg market. The home ranks in the top 3-4% of the city for both living area and assessed value, suggesting a property that is both spacious and officially valued well above the norm. A key, less obvious perspective is its trajectory: purchased for $615,000 in 2019 and recently sold for $860,000 in 2024, this demonstrates significant equity growth in just five years, outpacing many comparable properties in its own street. This combination of a modern home in a family-oriented neighbourhood with a proven value history makes it particularly suitable for buyers seeking move-in readiness, space for a growing family, and a property with a solid financial foundation in a desirable suburban community.
Section 2: Frequently Asked Questions
1. How does this home compare to others on the same street?
While it ranks highly for its newness (top 29% on Willow Brook Road), its lot size is more modest relative to the street (better than only 3%). This indicates it's a modern home on a well-sized lot, but not the largest property on the block.
2. What does the "renovated basement" likely entail?
As the home was built in 2019, the basement renovation is relatively recent. This typically means a finished lower level with legal egress, adding significant functional living or recreational space shortly after the initial build.
3. The assessed value is $73.70k, but it sold for $860k. Why the huge difference?
The assessed value is for municipal tax purposes only and is not an indicator of market value. The recent sale price of $860,000 is the true market valuation.
4. Is the neighbourhood established or still developing?
Bridgwater Lakes is a developing area. With this home built in 2019, it is among the newer constructions, but the presence of sales data from 2015 for nearby properties shows the community has been growing for nearly a decade.
5. What does the sale history indicate about the property's investment potential?
The 2024 sale price represents a gain of approximately 40% over the 2019 purchase price. This growth rate is notably strong, especially considering it occurred during the home's first five years, a period when most appreciation is typically in the land, not the structure.