Property Overview: 181 Willow Creek Road
Key Characteristics & Appeal
This well-presented two-storey home in Bridgwater Trails is a modern property built in 2017, sitting on a generous 5,111 sqft lot. Its primary appeal lies in a combination of updated living space and strong value metrics within the wider Winnipeg market. The home features a renovated basement and an attached garage, with a comfortable 1,940 sqft of living area.
The data reveals a compelling narrative: while its size and assessed value are relatively modest within its immediate street, the property excels in broader comparisons. It ranks in the top 11% of Winnipeg for living area and the top 7% for assessed value. Most notably, its recent sale price of $820K places it in the top 2% of all Winnipeg properties, suggesting buyers recognized premium features or upgrades not fully reflected in the assessment. This positions the home as a potentially "under-assessed" property in a desirable newer neighbourhood.
It would suit buyers looking for a modern, low-maintenance home in a developed community who appreciate space and recent renovations. It’s particularly suited for those who value data-driven insights, as the numbers indicate a property that has outperformed its local peer group in market value, appealing to both growing families and value-conscious investors.
Frequently Asked Questions
1. How does the sale price compare to the assessed value?
The home sold for $820,000 in July 2024, which is $210,000 above its $610,000 assessed value. This significant premium suggests the market valued specific features, condition, or updates beyond the standard municipal assessment.
2. Is the lot size typical for the area?
At 5,111 sqft, the lot is larger than 84% of properties on the same street, offering more outdoor space than most direct neighbours in Bridgwater Trails.
3. How modern is the home compared to Winnipeg overall?
Built in 2017, the home is newer than 94% of all properties in Winnipeg, placing it in the top 6% for age. This means modern building standards, materials, and likely less immediate need for major system replacements.
4. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specific finishes and whether it includes a legal suite or additional bedrooms should be verified with the listing agent or through a viewing.
5. The rankings show mixed results for the street. What does that mean?
While the home ranks in the lower half for some metrics on its specific street (like year built and assessed value), it ranks exceptionally high across the entire city. This indicates Willow Creek Road is a high-calibre street where this property represents a more entry-level option, offering access to a premium location at a relative value point within that micro-market.