Property Overview: 58 Silver Creek Road, Bridgwater Trails
Key Characteristics & Appeal
This modern two-storey home, built in 2019, offers a turnkey living experience in the popular Bridgwater Trails neighbourhood. Its key appeal lies in its balance of being relatively new—avoiding immediate major repairs—and having a renovated basement, which adds valuable finished space. With 1,504 sqft of living area and an attached garage, it fits the classic suburban family layout.
The property’s standout characteristic is its position within its immediate surroundings. While its lot size is above average for Silver Creek Road, the home itself is newer than 93% of houses on the street, suggesting a well-built, contemporary structure among potentially older comparables. However, a thoughtful perspective notes that its assessed value ranks significantly higher in the city (top 20%) than in its own neighbourhood (top 68%). This indicates it may offer strong value for Winnipeg broadly, but buyers should explore what specific features or conditions account for this premium within Bridgwater Trails itself.
This home would suit first-time buyers or young families looking for a modern, low-maintenance property in a developed community. It’s also a practical fit for those who value a finished basement for extra living space but don’t want the hassle of a renovation project.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement is finished, but specifics on the renovation’s scope, quality, permits, or features (like a bathroom or legal egress) are not provided. This is a key detail to investigate.
2. How does the 2019 build year compare to nearby homes?
This home is newer than most on its street. The provided comparisons show nearby references are also quite new (2019-2021), placing this property in a modern micro-area, which can be positive for consistency and future resale.
3. The assessed value seems high for the neighbourhood. Why?
The assessed value ranks in the top 32% for Bridgwater Trails but the top 20% for Winnipeg. This discrepancy suggests the city’s assessment sees value in the home’s specific attributes (like its newness, renovation, or lot) that outpace the neighbourhood average. It’s wise to understand the assessment rationale.
4. What is the significance of the lot size ranking?
The land area is larger than 50% of lots on Silver Creek Road. In newer subdivisions where lots can be compact, this above-average footprint is a tangible asset, offering more outdoor space than many direct neighbours.
5. Are there any insights from the 2019 sale price?
The home sold for $35.7k in 2019, likely as a new build from the developer. The current assessed value of $48.8k reflects the added value of the basement renovation and market changes. Reviewing recent sales of similar updated homes in the area will give a clearer picture of its current market value.