Property Overview: 589 Bridge Lake Drive, Bridgwater Trails
Key Characteristics & Appeal
This two-storey home, built in 2017, presents a compelling opportunity in the popular Bridgwater Trails neighbourhood. Its primary appeal lies in a combination of modern age, above-average living space, and a generous lot. With 2,446 sqft of living area, the home is larger than over 90% of houses in both its immediate street and neighbourhood, offering substantial room for a growing or established family. The 6,938 sqft lot provides ample outdoor space, a notable feature in newer communities.
The home’s assessed value ranks highly within Winnipeg, placing it in the top tier of properties city-wide. This suggests a solid foundation of value relative to the broader market. While the basement is unfinished, this offers the next owner a blank canvas to customize additional living space without needing to undo previous renovations.
This property would suit buyers looking for a relatively new, low-maintenance home in a master-planned community who value space and potential over turn-key finish. It’s ideal for those who want a modern layout and are comfortable completing the basement to their own taste and timeline. The strong rankings for lot and living area make it stand out for buyers prioritizing room to grow both inside and out.
Frequently Asked Questions
1. How does this home compare to others in Bridgwater Trails?
It ranks very well for living space and lot size within the neighbourhood (top 10-16%), meaning it offers more room than most. It’s newer than about a third of area homes, positioning it as a modern, but not the newest, option in the community.
2. The assessed value is $66,200. What does this mean for the listing price?
The assessed value is for municipal tax purposes and is not the market value or listing price. Its high city-wide ranking (top 4%) indicates the property is considered valuable by the assessor, but the final sale price will be determined by current market conditions and buyer demand.
3. What is the significance of the 2020 sale price?
The home sold for $57,500 in September 2020. This historical data is a reference point, but market values have shifted significantly since then. The current assessed value being higher reflects both market changes and the different valuation methods used.
4. Is an unfinished basement a drawback?
Not necessarily. For many buyers, it’s an advantage. It means you can design the space to perfectly suit your needs—whether a recreation room, home gym, or additional bedrooms—without paying a premium for someone else’s finished layout or needing to renovate an existing finish you may not like.
5. The "rank by year" on the street is only 55%. Does that mean it's dated?
No. This statistic means the home is newer than 55% of houses on Bridge Lake Drive. Given the street and neighbourhood are still developing, it indicates there are a number of newer homes built after 2017. This home remains a modern property, just not the absolute newest on the block.