88 Springwater Road

Property Overview & Appeal

This 2018-built two-storey home in Bridgwater Lakes offers a modern, low-maintenance foundation in a sought-after neighbourhood. Its key appeal lies in a balanced combination of space, location, and recent construction. With a generous 2,359 sqft of living area and a large 9,621 sqft lot, it provides ample room for family life and outdoor enjoyment. The home’s standout characteristic is its strong positional value within Winnipeg, ranking in the top 7% of the city for lot size and top 4% for living area, suggesting it offers more space than most comparable properties.

The home suits buyers looking for a move-in ready, modern property without the immediate need for major renovations. It’s particularly well-matched for growing families or professionals who value the established, community feel of Bridgwater Lakes and appreciate a home that is newer than approximately 95% of properties in Winnipeg. A thoughtful perspective is that while the basement is unfinished, this presents a straightforward opportunity for future customization to increase living space and value, rather than dealing with someone else’s potentially dated renovations.

Frequently Asked Questions

1. How does the lot size compare to others in the area?
The property’s lot of 9,621 sqft is notably large, ranking better than 95% of homes on Springwater Road and 89% within the wider Bridgwater Lakes neighbourhood. This is a significant asset for privacy, outdoor activities, or future landscaping projects.

2. The assessed value is $650k, but it sold for $743k in late 2024. Why the difference?
This is common and reflects market dynamics. The assessed value is for municipal tax purposes and often lags behind the current market. The recent sale price is a clearer indicator of the home’s actual market value, demonstrating strong buyer demand for well-located, modern homes in this area.

3. What does the "Top X%" ranking for the year built mean?
Built in 2018, this home is newer than 95% of all properties in Winnipeg, placing it in the top 5% for age. This suggests lower immediate costs for major component replacements (like roof, HVAC) compared to an older home, and it likely meets current building codes and energy efficiency standards.

4. Is the unfinished basement a drawback?
Not necessarily. While it requires an investment to finish, an untouched basement offers a blank canvas. Buyers can customize the space to their exact needs—whether a recreation room, home office, or additional bedroom—without the cost or hassle of first undoing a previous owner’s renovation choices.

5. How does this property fit within the immediate street and community?
The data shows a mix: while it excels in lot and living space size on its street, its assessed value is more middle-of-the-pack there. This indicates you are getting a home with above-average physical attributes on Springwater Road, but at a price point that is consistent with the street’s overall valuation.