Property Overview
32 Stone Meadow Road is a modern two-storey home in the sought-after Bridgwater Trails neighbourhood. Built in 2017, it offers a well-maintained, turn-key living experience with a recently renovated basement. The property sits on a nearly 4,000 sqft lot and features a detached garage. Its appeal lies in its balance of contemporary build quality, a desirable location, and recent updates, all underscored by strong value metrics compared to the wider Winnipeg market.
Key Characteristics & Ideal Buyer
This home presents a compelling package of space, modernity, and location. With 1,621 sqft of living space, it is larger than most homes on its street and ranks highly for its newer build year city-wide. A key feature is the renovated basement, which adds immediate functional space without the need for future projects. The detached garage offers flexibility for parking, storage, or a workshop.
The property’s appeal is rooted in its strong performance in recent market activity. It sold for $560,000 in May 2024, a price that places it in the top 10% of Winnipeg sales, suggesting a premium valuation for its specific offerings. The assessed value, however, remains significantly lower, which may be a point of interest for buyers considering long-term tax implications versus current market worth.
This home would suit a young professional, a couple, or a small family seeking a move-in ready property in a modern community. It’s ideal for those who value a newer build (minimizing immediate repair concerns) and appreciate a neighbourhood with consistent, contemporary housing. The renovated basement also makes it suitable for someone needing a home office, gym, or secondary living area from day one.
Frequently Asked Questions
1. How does the recent sale price compare to the assessment and what does that indicate?
The home sold for $560,000 in May 2024, which is substantially higher than its $52,200 assessed value. This is common in active markets, where assessed values for tax purposes often lag behind current market prices. The high sale price relative to the assessment suggests strong buyer demand for this specific property and neighbourhood.
2. What is the significance of the home’s rankings (e.g., "Top 10% on its street")?
These rankings compare the home’s specific attributes (like size, year built, value) against other properties on its street, in Bridgwater Trails, and across all of Winnipeg. For example, ranking in the top 10% of its street for year built means it is one of the newest homes in its immediate area, which can be a positive for maintenance and modern design.
3. The basement is noted as renovated. What typically does that include in a home of this age?
In a 2017 home, a basement renovation likely means the previously unfinished space has been professionally finished to create livable square footage. This could include adding drywall, flooring, proper lighting, and possibly a bathroom or wet bar, transforming it into a family room, home theatre, or additional bedroom suite.
4. Who might the detached garage be most appealing to?
Beyond standard vehicle storage, a detached garage is appealing to buyers who want a clear separation between living space and workshop/hobby area, or who may have concerns about noise or fumes. It also offers potential for future conversion (e.g., to a studio or office) without major structural changes to the main house.
5. Based on the comparable properties listed, what seems to define this neighbourhood?
The provided comparables in Bridgwater Trails show homes built between 2016 and 2022, indicating a relatively new and uniformly modern neighbourhood. The similar assessed values of homes in established areas like Elmhurst and Varsity View suggest Bridgwater Trails offers comparable value but in a newer, master-planned community setting.