Property Overview: 249 Windflower Road, Bridgwater Trails
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2019, presents a well-maintained and modern living space in the popular Bridgwater Trails neighbourhood. Its key appeal lies in a combination of a desirable location, a recently renovated basement, and solid value metrics for the area. With 1,621 sqft of living space on a 4,000 sqft lot, it offers a balanced footprint for a growing family or professional couple.
The home’s strength is its established position within a newer community. The lot size ranks in the top 3% on its street, offering more outdoor space than many comparable properties. While the home itself is not among the largest in the area, its assessed value ranks highly relative to the street and city, suggesting it is viewed as a solid asset. The 2022 sale price indicates a history of value growth since its 2019 purchase. This property would suit buyers looking for a move-in ready home in a modern suburb without the premium price of a brand-new build, and who value the added flexibility and finished space of a renovated basement.
A thoughtful perspective is that this home represents a "second-wave" opportunity in a new community—the initial development phase is complete, so the neighbourhood's character is more established, yet the home itself is still relatively new with modern efficiencies.
Section 2: Frequently Asked Questions
1. How does the lack of a garage impact the property's value and utility?
While a garage is a common feature, its absence is reflected in the current pricing and assessed value. The property may appeal to buyers who prioritize other features or who have alternative parking arrangements. The large lot does offer potential for future addition, subject to local bylaws.
2. The assessed value seems low compared to recent sale prices in the area. Why is that?
Municipal assessed value for tax purposes often lags behind current market values, especially in appreciating neighbourhoods. The 2022 sale price of $58.5k is a more current market indicator, and the assessment should be viewed primarily as a tool for estimating property taxes, not determining market price.
3. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the finish or layout. A prospective buyer should inquire about the quality of the renovation, whether it includes a bathroom or legal egress, and if any permits were obtained for the work.
4. How does this home compare to others on Windflower Road?
The data shows this home has a larger-than-average lot for the street but is newer than only about 64% of its immediate neighbours. This suggests a mix of larger, older lots and newer, potentially larger homes on the same street, placing this property in a competitive middle ground.
5. Is the property's value growth consistent?
The history shows a significant increase from its 2019 sale price to its 2022 sale price. This aligns with the general growth in newer Winnipeg suburbs during that period. However, as the home ages past the five-year mark, future appreciation will be more closely tied to broader market conditions and specific maintenance and upgrades.