Property Overview: 111 Silver Creek Road, Bridgwater Trails
Key Characteristics, Appeal & Ideal Buyer
This two-storey home in the popular Bridgwater Trails neighbourhood offers a modern foundation in a highly sought-after location. Built in 2017, it sits on a notably large lot (over 6,800 sq ft), ranking it among the top 3% for land size on its street. This presents a significant advantage for buyers seeking outdoor space for gardening, play, or future expansion in a newer community where larger lots are uncommon.
The home’s primary appeal lies in its strong positional value within Winnipeg. It ranks better than over 80% of the city for lot size and recent sold price, indicating a property that has consistently performed well in the market. While the living space (1,489 sq ft) is average for the area, the unrenovated basement presents a clean slate for customization. The detached garage adds flexibility. Recent sale history shows steady value appreciation, with a sold price in March 2025 significantly higher than previous sales, suggesting strong demand for homes in this specific area.
This property would suit a practical buyer who values land size and location over immediate move-in perfection. It’s ideal for a young family seeking a established, family-oriented neighbourhood with room to grow outdoors, or for a value-conscious purchaser who sees potential in personalizing the basement over time. It may also appeal to those who view real estate as a long-term investment, given its track record in a top-performing segment of the Winnipeg market.
Frequently Asked Questions
1. What does the "unrenovated basement" actually mean?
It indicates the basement is finished but in its original builder-grade condition from 2017. It’s functional and clean, but not updated. This is a positive for buyers wanting to customize the space to their own taste without first needing to undo someone else’s renovations.
2. The home ranks low for "year built" on its street. Is it outdated?
Not at all. Built in 2017, it’s still a modern home. The lower ranking simply means most houses on Silver Creek Road were built even more recently (likely 2019-2020). This can be an advantage, as the home has had several years for its landscaping to mature and any initial builder issues to be resolved.
3. How significant is the large lot size?
In newer communities like Bridgwater Trails, large lots are a rarity. A lot of this size (top 3% on the street) offers more privacy, space for activities, and future potential (like a deck, shed, or addition) than is typically available, making it a standout feature.
4. The assessed value is much lower than the last sold price. Why?
Municipal assessed values for tax purposes often lag behind current market values, especially in rising markets. The consistent increase in sold prices (from $50.5k in 2023 to $53.3k in 2025) is a more accurate reflection of the home's market value and the demand in this location.
5. What is the neighbourhood vibe of Bridgwater Trails?
It’s a master-planned, family-focused community with parks, pathways, and ponds. The amenities and newer schools are major draws. This home’s location on Silver Creek Road places it in a well-established section of the area, not on the still-expanding edges.