Property Overview
This 2015-built, single-storey home in Bridgwater Trails offers a renovated basement and a detached garage on a well-sized 3,777 sqft lot. Its key appeal lies in a balance of modern age and established value. While the living space (1,280 sqft) is more compact than many in the immediate area, the property benefits from a newer build year that ranks highly across Winnipeg, suggesting lower maintenance costs and modern construction standards. The steady increase in assessed value, from $35.7k in 2016 to $48.9k currently, indicates stable growth. This home would suit first-time buyers or downsizers seeking a manageable, low-maintenance property in a newer community without a premium price tag. It’s also a practical option for value-focused buyers who prioritize a modern foundation and a renovated basement over above-average square footage.
Frequently Asked Questions
1. How does the smaller living area impact value?
While the living area is below average for the street and neighbourhood, this is reflected in the accessible price point. The value proposition shifts to the lot size, newer build, and renovations, making it a cost-effective entry into a desirable, modern area.
2. What does the "renovated basement" include?
The listing confirms a renovated basement but does not specify the scope. A prospective buyer should inquire about the finish quality, permits, and the nature of the renovation (e.g., recreational room, additional bedroom, bathroom).
3. The lot is large, but is it usable?
At 3,777 sqft, the lot offers good outdoor potential. However, its usability depends on factors like shape, orientation, and any easements. Comparing the lot to the home's footprint can give a sense of available yard space.
4. How does the detached garage affect winter use?
A detached garage is common but requires considering Winnipeg's climate. It means a walk to and from the vehicle in winter, which some find a drawback, though it can also free up more space on the lot for other uses.
5. The assessed value has risen; are property taxes likely to jump?
The assessed value is for municipal taxation. While it has increased, property tax amounts depend on the city's mill rate. The current assessed value of $48.9k provides a solid baseline for estimating annual taxes.