Property Overview: 120 Landover Drive
Key Characteristics & Ideal Buyer
This two-storey home in Bridgwater Trails is a modern property, built in 2018, offering a move-in-ready foundation with room for personalization. Its key appeal lies in its balance of newer construction and future potential. The home features a good-sized living area of over 1,500 sqft, an attached garage, and a full, unrenovated basement that presents a clear opportunity to add value and customize the space to suit a new owner's needs.
The home would suit first-time buyers or young families looking for a contemporary community without the premium of a brand-new build. Its assessed value sits comfortably in the mid-range for the area, suggesting a stable investment in a sought-after neighbourhood. A thoughtful perspective is its strong performance in city-wide rankings for its year built (top 5% in Winnipeg), indicating it's among the newer homes available city-wide, which can be appealing for maintenance and efficiency. However, its rankings within its immediate street and neighbourhood are more modest, positioning it as a solid, average option within Bridgwater Trails itself—ideal for buyers who want the amenities of the area without competing for the most premium lots.
Frequently Asked Questions
1. How does the property’s value compare to recent sales?
The home last sold in June 2022 for $560,000, which is significantly above its current $470,000 assessed value. This indicates a market purchase at that time, and the current assessment may reflect broader market adjustments.
2. Is the basement finished?
No, the basement is confirmed as unrenovated. This is a key feature for buyers viewing it as a project to increase living space and add value over time.
3. How does the lot size compare to others on the street?
At 2,667 sqft, the land area is ranked better than only 37% of properties on Landover Drive, meaning lots on this street are often larger. This is a consideration for outdoor space and privacy relative to neighbours.
4. What does the "Top 5% in Winnipeg" ranking for year built mean?
This statistic means that 120 Landover Drive is newer than approximately 95% of all residential properties in Winnipeg. This is a strong point regarding the home's age, modern building standards, and likely lower immediate maintenance needs compared to most of the city's housing stock.
5. Are sale prices in the neighbourhood consistent?
The data shows variability. This home's 2022 sale was near the top of its street, but a 2020 sale on the same street was notably lower. This suggests values can be specific to each property's condition and timing, underscoring the importance of viewing the home and understanding current market conditions.