Property Overview
This two-storey home at 383 Willow Creek Road in Bridgwater Trails is a modern property built in 2021. Its primary appeal lies in being a relatively new build in a popular suburban neighbourhood, offering move-in readiness without the concerns of an aging structure. With 2,340 sqft of living space and an attached garage on a 6,119 sqft lot, it provides ample room for a growing or established family.
The home’s value is underscored by its strong ranking against comparable properties. It sits in the top quarter of homes in Winnipeg for its newness and the top 4% for its living area and assessed value, suggesting a well-sized and officially valued property for its market. A key, less obvious point is the existing basement—while not renovated, it presents a significant blank canvas for future expansion or customization, an opportunity not always available in brand-new homes. This property would best suit buyers looking for a modern, low-maintenance home in a family-oriented community who appreciate having a foundation (literally and figuratively) to add their own personal touch over time.
Frequently Asked Questions
1. What does the assessed value ranking actually mean?
The rankings show how this property compares to others in its immediate street, neighbourhood, and city. For example, being in the top 4% in Winnipeg for living area means it is larger than 96% of homes in the city, indicating above-average space.
2. Is the basement finished?
No, the basement is noted as "not renovated." This means it is an unfinished space, offering potential for future development like a recreation room, home gym, or additional bedrooms, subject to permits and investment.
3. How does this home compare to the one next door at 375 Willow Creek Road?
The reference listing at 375 Willow Creek is slightly older (built 2018), smaller (2,029 sqft), and has a lower assessed value. This highlights that 383 Willow Creek is a newer, larger property, which is reflected in its value.
4. What are the property taxes likely to be?
Property taxes are calculated using the assessed value (listed as $67,800) and the City of Winnipeg's mill rate. You can estimate taxes by multiplying the assessed value by the current residential mill rate (approximately 0.013 for 2024), resulting in an estimated annual tax of around $1,700, though this should be verified.
5. The home sold in late 2021; is the price history typical?
The sale in December 2021 for $66,900 occurred during a period of significant market activity. The current assessed value being slightly higher suggests stable or modestly appreciating value in line with area trends, but a current market appraisal is recommended for today's price.