Property Overview
This two-storey home in Bridgwater Trails presents a compelling opportunity for buyers seeking a modern, low-maintenance property in a desirable Winnipeg suburb. Built in 2015, its key appeal lies in a balance of space, recent updates, and strong value retention. The home sits on a generous lot that is larger than over 80% of others on its street, offering good outdoor space for a newer community. Inside, the 1,694 sqft living area is above average for the immediate area and city-wide, and it benefits from a renovated basement, adding functional living space.
The property’s history shows consistent value growth, with a notable increase from its 2020 sale price. Its current assessed value ranks highly within Winnipeg, suggesting a solid investment. This home would suit first-time buyers or young families looking for a move-in-ready property in a community with newer infrastructure. It’s also a practical choice for those who appreciate a renovated space without needing immediate projects, and for value-conscious buyers who see merit in a home with a larger lot and above-average interior space for its peer group.
Frequently Asked Questions
1. How does the lot size compare to newer homes in the area?
At just under 4,800 sqft, the lot is notably larger than most in its immediate vicinity (ranking better than 82% on its street). This is a significant advantage in newer subdivisions where lot sizes have generally decreased.
2. The home sold in 2021 for $500k, but the assessed value is much lower. Why?
Municipal assessed value for property tax purposes is not a direct indicator of market value. It is often calculated using mass appraisal techniques and can lag behind current market conditions. The sale history is a more relevant gauge of market value.
3. What does the sale history from 2016 and 2020 indicate?
The earlier sales show the home’s purchase as a new build and a subsequent resale. The jump from $400k in early 2020 to $500k in late 2021 reflects the strong market appreciation during that period and possibly the value added by the basement renovation.
4. There's no garage. Is that typical for the area?
While many homes in Bridgwater Trails have garages, not all do. The lack of a garage is reflected in the price history and value. Buyers should consider the feasibility and cost of adding one, or factor in alternative parking and storage solutions.
5. The "rank by year built" seems low for the neighbourhood. What does that mean?
The home was built in 2015. The data shows that 93% of homes in the wider Bridgwater Trails neighbourhood are newer than this one. This indicates the specific pocket where this home is located was developed earlier than other sections of this large, ongoing community.