Property Overview
This two-storey home in Bridgwater Lakes, built in 2013, presents a practical and modern living option. Its key appeal lies in a desirable combination of a newer build, a fully renovated basement, and a detached garage on a generous 4,251 sqft lot. The home’s recent sale history shows significant value growth, having sold for $570k in 2022, which is notably higher than its previous sales and current assessed value. This suggests a property that has been upgraded and is situated in a sought-after area.
The home would suit first-time buyers or young families looking for a move-in-ready property in a modern Winnipeg community without the premium of a brand-new build. Its above-average lot size for the street offers good outdoor space potential, while the renovated basement adds valuable finished square footage. A more subtle point of appeal is its ranking among the top 10% of homes in Winnipeg by year built, indicating a structure with contemporary standards and likely lower immediate maintenance needs compared to older stock.
Frequently Asked Questions
1. How does the 2022 sale price compare to the current asking price?
The provided data shows a sale price of $570,000 in May 2022. Any current listing price should be evaluated against this recent market benchmark, along with current local conditions.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specifics on the finish quality, room types (e.g., bedroom, living space), and whether permits were obtained should be verified with the seller or listing agent.
3. Is the lot size a advantage here?
Yes. At 4,251 sqft, the lot is larger than 83% of others on the same street, offering more private outdoor space than many neighbouring properties—a valuable feature in newer communities where lots can be smaller.
4. The assessed value is much lower than the last sale price. Why?
Municipal assessed values for tax purposes often lag behind rapid market changes and do not account for recent renovations or interior condition. The 2022 sale price is a more current reflection of its market value at that time.
5. What is the neighbourhood ranking based on?
The rankings (e.g., "Better than 4% in neighbourhood") are comparative metrics for specific data points like lot size or year built. They indicate this home's lot is larger than most on its street, but its build year is newer than only 33% in the wider Bridgwater area, as many surrounding homes are even more recent constructions.