Property Summary: 172 Landover Drive
Section 1: Key Characteristics & Appeal
This two-storey home in Bridgwater Trails is a modern, low-maintenance property built in 2018. Its key appeal lies in its balance of contemporary construction and established community living. The home sits on a generous 2,707 sqft lot and features 1,502 sqft of living space, an attached garage, and a full (unrenovated) basement offering potential for future customization.
The property’s strength is its relative newness within a broader city context—it’s newer than approximately 95% of Winnipeg homes, suggesting modern building standards and less immediate worry over major repairs. However, the data provides a nuanced perspective: within its own desirable Bridgwater Trails neighbourhood, it ranks as newer and larger than many, but its specific living area and assessed value sit in the middle-to-upper tiers of its immediate street. This positions it as a solid, move-in-ready home on a good lot, rather than the largest or most premium model in the area.
This home would suit first-time buyers or young families seeking a modern build in a planned community without the wait of new construction. It also appeals to practical buyers who value the energy efficiency and contemporary layout of a near-new home but appreciate that the initial "newness" premium has settled. The unrenovated basement presents a clear opportunity for a buyer to add value and personalize the space to their needs.
Section 2: Frequently Asked Questions
Q: How does this home’s value compare to recent sales on the street?
A: It last sold in January 2022 for $510,000, a price that was notably higher than 81% of historical sales on Landover Drive at that time. This indicates it was a premium sale for the street two years ago, a useful benchmark for understanding its perceived value.
Q: What does the assessed value tell us?
A: The $471,000 assessed value is for municipal tax purposes and is typically below market value. It ranks higher in Winnipeg overall than within its own neighbourhood, suggesting the city-wide assessment recognizes Bridgwater Trails as a premium area, while local comparisons are more competitive.
Q: Is the lot size typical for the area?
A: Yes. The 2,707 sqft lot is better than 65% of lots on Landover Drive, making it above average for the street. This is a positive for outdoor space and relative privacy in a newer community.
Q: The data shows rankings for the neighbourhood are often lower than for Winnipeg. Does that mean it’s a poor area?
A: Not at all. This is a statistical quirk because Bridgwater Trails is a modern, relatively uniform suburb. Compared to all Winnipeg neighbourhoods—which include many older areas with smaller, century-old homes—a newer suburb naturally scores very high. The lower ranking within Bridgwater Trails simply means there are many comparable or larger homes in this desirable community; it's a competitive local market.
Q: What is the significance of the unrenovated basement?
A: It offers both a cost consideration and an opportunity. You won’t be paying a premium for a finished basement you might want to change, and you can design and finish the space to your own taste and budget. It’s important to factor this project into your planning.