Property Overview
This two-storey home at 10 Willow Creek Road in Bridgwater Trails is a modern, well-positioned property built in 2018. Its appeal lies in a combination of a desirable location, a recently renovated basement, and strong value metrics that stand out both locally and city-wide. The home sits on a generous lot and its recent sale price significantly outpaces its assessed value, indicating a premium market perception. It would suit buyers looking for a move-in ready, contemporary home in a sought-after newer community, particularly those who value space, modern amenities, and a property with demonstrated investment appeal.
Key Characteristics & Ideal Buyer
- Strong Value Proposition: The numbers tell a compelling story. The home ranks in the top 17% of Winnipeg for living space and the top 2% for its assessed value. Its most recent sale price of $920k places it in the top 1% of city-wide sales, suggesting features or a location premium that formal assessments may not fully capture. This is a property with a track record of holding and increasing its value.
- Modern & Updated: Built just 8 years ago, the home benefits from modern construction standards. The already renovated basement is a key feature, providing immediate additional living space without the need for future projects or investment.
- Spacious Setting: With a lot size of nearly 7,000 sqft and over 2,100 sqft of living area, the property offers ample room both indoors and out, which is a notable advantage in newer neighbourhoods.
- Neighbourhood Appeal: Located in Bridgwater Trails, the home resides in a popular, master-planned community. Its rankings are consistently strong within the neighbourhood, especially for lot size (top 16%) and assessed value (top 10%), indicating it's a above-average property within an already desirable area.
This home is ideally suited for growing families or professionals seeking a modern, low-maintenance property in a vibrant community. It would also appeal to value-conscious buyers who appreciate concrete data on a property’s market performance, as the sales history shows a clear and substantial appreciation.
Frequently Asked Questions
1. How does the recent sale price compare to the assessed value, and what does that mean?
The home sold for $920,000 in December 2024, which is significantly higher than its $792,000 assessed value. This typically indicates that buyer demand for this specific property—driven by its condition, location, renovations, or market timing—exceeded the municipal valuation used for tax purposes.
2. Is the renovated basement a legal suite?
The listing states the basement is "renovated" but does not specify it as a legal secondary suite. Buyers should verify the permits and compliance of the renovation with the city to understand its legal status and potential for rental income.
3. What are the property taxes likely to be?
Property taxes are calculated based on the assessed value ($792,000) and the city's mill rate. While the sale price was higher, taxes are not directly based on sale price. You can estimate taxes by applying the current Winnipeg mill rate to the assessed value.
4. How does this lot size compare to others in newer communities?
At 6,977 sqft, this lot is larger than 78% of others on its street and is a generous size for the Bridgwater Trails area, where lots can sometimes be narrower. This offers more private outdoor space than many comparable newer homes.
5. The home was built in 2018. Are there any major components nearing the end of their lifespan?
While the home is modern, key components like the roof, HVAC system, and major appliances are now 8 years old. A pre-purchase inspection is recommended to assess their remaining functional lifespan and to plan for future maintenance.