162 Rowntree Avenue

Property Overview

This two-storey home at 162 Rowntree Avenue in Bridgwater Trails is a modern property built in 2019, offering a turnkey opportunity in a newer Winnipeg community. Its appeal lies in a balance of contemporary construction and established neighbourhood living, without the premium often attached to brand-new builds. The home features an attached garage, a full (though unrenovated) basement, and a living area that is notably spacious for its street. It suits first-time buyers seeking a low-maintenance, modern home, or young families looking for a move-in-ready property in a community with planned amenities. A thoughtful perspective for buyers is the potential value in the unfinished basement, which presents a clear opportunity for future customization and added square footage to suit evolving needs.

Key Details & Suitability

• Key Characteristics: A 2019-built two-storey with 1,719 sqft of living space, an attached garage, and a full basement on a ~2,976 sqft lot. The home is modern but not brand-new, positioning it past the initial settling phase of a new build.
• Primary Appeal: The home ranks in the top 5% for living area on its street, offering more interior space than most direct neighbours. Its 2019 build date means modern efficiencies and layouts, while the Bridgwater Trails area provides a fresh, planned community environment.
• Ideal Buyer Profile: This property is well-suited for buyers who want a contemporary home without a "showhome" price tag. It fits professionals or growing families who prioritize move-in readiness, modern amenities, and the potential to personalize the basement over needing a fully renovated or historic character home.

Frequently Asked Questions

1. How does this home compare to others in Bridgwater Trails?
The data shows this home has a larger living area than 95% of homes on Rowntree Avenue and 50% in the wider Bridgwater Trails neighbourhood, making it a spacious option for the area. However, its assessed value is in the lower third for the street, which may indicate value relative to its size.

2. What does the "unrenovated basement" mean?
The basement is finished as per the original 2019 build but has not been updated or customized since. It presents a blank canvas for future projects, allowing a buyer to finish it to their taste without needing to undertake a full initial demolition.

3. The assessed value seems lower than expected for a 2019 home. Why?
While the home is newer than 96% of properties in Winnipeg, its assessed value ranks in the lower 72% on its own street. This could be influenced by lot size, which is smaller than many on the street, or the specific market valuations for the row. It's important to review recent comparable sales for accurate pricing.

4. Is the lot size a concern?
The land area is smaller than 68% of properties on Rowntree Avenue. This typically means lower exterior maintenance but may limit expansion or extensive landscaping projects. For buyers seeking a manageable yard, this can be a positive.

5. What is the significance of the 2019 sale price?
The home sold for $350,000 in March 2019, likely near its original construction price. The current assessed value has increased since then, reflecting market changes over five years. This history shows it is a one-owner home since being built.