Property Overview & Key Characteristics
This two-storey home at 180 Landover Drive in Bridgwater Trails is a modern, low-maintenance property built in 2019. Its key appeal lies in a balance of contemporary living and established value. The home features a renovated basement, an attached garage, and sits on a well-sized lot of over 2,800 sq ft. While the living space (1,408 sq ft) is comfortable, the property's strength is its land size and newer construction within a popular suburban community.
The home would suit first-time buyers or young families looking for a move-in-ready property in a newer neighbourhood without the wait of a build. It also appeals to value-focused buyers, as its assessed value ranks highly compared to most of Winnipeg, suggesting a solid investment in a desirable area. A less obvious perspective is that it may attract buyers who prioritize a larger outdoor space over a larger interior footprint, which is common in newer subdivisions.
Frequently Asked Questions
1. How does the property's value compare to the neighbourhood?
The home's assessed value of $500k ranks better than 39% of properties in Bridgwater Trails, placing it in the top 61%. This indicates it is priced above the neighbourhood's median, likely reflecting its newer build year, lot size, and renovations.
2. What does the sale history tell us?
It last sold in September 2022 for $520k. The current assessed value of $500k is slightly below that last sale price, which may be a point for discussion in the current market.
3. Is the lot size typical for the street?
Yes. With a land area of 2,825 sq ft, it ranks better than 68% of homes on Landover Drive, meaning it has a larger-than-average lot for the immediate area.
4. How does the living space compare to similar homes?
The living area is 1,408 sq ft, which is more compact than many homes in the wider Winnipeg area (ranking in the top 32%). On its own street, however, it ranks in the top 89%, meaning many nearby homes are larger. Buyers should weigh the newer build and lot size against the interior square footage.
5. What is the significance of the build year ranking so well in Winnipeg?
Being built in 2019 makes it newer than 96% of homes across Winnipeg (top 4%). This is a major advantage, suggesting modern building standards, less immediate need for major repairs, and greater energy efficiency compared to the city's older housing stock.