Property Overview: 393 Appleford Gate, Bridgwater Trails
Key Characteristics & Appeal
This two-storey home, built in 2018, offers a modern foundation in the popular Bridgwater Trails neighbourhood. Its key appeal lies in a combination of contemporary age, above-average living space, and a renovated basement. With 1,893 sqft of living area, the home is larger than most in its immediate area and across Winnipeg. The property is notably newer than the vast majority of Winnipeg homes, suggesting modern building standards and less immediate need for major updates.
The home’s value proposition is nuanced. While its lot size is on the smaller side for the street, this is balanced by the low-maintenance appeal and the finished basement, which adds functional living space. It would suit first-time buyers or young families looking for a modern, move-in-ready home in a newer community without the premium of a brand-new build. The data suggests it may also attract value-conscious buyers who prioritize interior space and updates over a large yard. The recent sale history indicates a significant increase in value between 2021 and 2022, pointing to strong past appreciation in the area.
Frequently Asked Questions
1. How does the lot size impact the property?
At 3,756 sqft, the lot is smaller than most on Appleford Gate. This typically means less yard maintenance but also less private outdoor space. The trade-off is a newer home with more interior square footage.
2. What does the assessed value versus last sale price indicate?
The current assessed value is significantly lower than the 2022 sale price of $510k. This is not uncommon, as municipal assessments often lag behind market values. Buyers should rely on a current market evaluation rather than the assessment for pricing.
3. Is the renovated basement a legal suite?
The listing states the basement is renovated but does not specify it as a legal rental suite. Buyers should verify the permits and compliance of the renovation with the city to understand its legal use.
4. How does the lack of a garage affect value and livability?
The home has no garage, which is a consideration for vehicle storage, security, and additional storage needs. This may be reflected in its price relative to similar homes with garages in the area.
5. The home sold twice in a short period (2021 and 2022). Should I be concerned?
The rapid resale and price increase likely reflect the hot market of that time. It’s not inherently a red flag, but it’s wise to have your inspector check for any issues and to understand the sale history from your realtor.