Property Overview & Key Characteristics
22 Rowntree Avenue is a modern, two-storey home built in 2018, located in the Bridgwater Trails neighbourhood of Winnipeg. Its primary appeal lies in its balance of contemporary build quality and a generous, well-sized lot. The home sits on a land area of 3,858 sqft, which is notably larger than most properties on its street (top 1%), offering significant outdoor space for a newer community. With 1,526 sqft of living space, an attached garage, and an unfinished basement, it presents a solid, move-in-ready canvas.
This property would suit first-time buyers or young families looking for a modern home in a planned community without the premium price tag of a fully upgraded or custom-built property. Its appeal is practical: you get a newer build (newer than 95% of Winnipeg) that minimizes immediate repair concerns, coupled with a lot size that provides room to grow, garden, or simply enjoy more privacy than the typical newer subdivision lot. The unfinished basement is a key feature for the right buyer—it represents both a project and an opportunity to add value and customize the space to their own needs over time.
Frequently Asked Questions
1. How does the assessed value compare to the asking price?
The current assessed value is $43,500. It’s important to note this is a municipal assessment for tax purposes, not a market valuation. A comparative market analysis (CMA) with a local agent is essential to understand current market value and set a competitive asking price.
2. The home is newer, but the basement is unfinished. What should I consider?
This is common for homes of this age in the area. It means there are no hidden issues with past renovations, but you will need to budget for insulation, framing, drywall, and flooring to finish the space. It allows you to create exactly what you need (e.g., a rental suite, home theatre, or extra bedrooms) without undoing someone else’s work.
3. The property ranks highly for lot size but lower for assessed value on its street. What does this indicate?
This suggests the home itself may be more modest in size or finishes compared to some neighbours on larger lots. It highlights the property’s strength as the land itself—a large, premium lot in a newer area—which is a lasting value. The house presents an opportunity to increase the overall value through updates over time.
4. What is the significance of the 2019 sale price?
The home sold for $34,900 in June 2019, which is typical for a new build transaction (likely a final builder sale or a quick initial resale). This historical data is less relevant to today’s market value than recent comparable sales in the area from the last 3-6 months.
5. What are the immediate next steps if I’m interested?
Review the provided comparable listings (like those on Kilroy Street or Eaglewood Drive) to gauge size and value in nearby areas. Then, the essential step is to view the property in person to assess the interior condition, layout, and the true feel of the large lot, as these factors aren’t captured in statistics.