Property Overview
This 2019-built, single-storey home in Bridgwater Trails offers modern living with a renovated basement on a spacious lot. Its core appeal lies in a combination of newer construction, significant value, and a prime position within a sought-after neighbourhood. The home ranks highly against local comparables, particularly for its lot size, assessed value, and recent build year, suggesting a well-maintained property in a stable area. It would suit first-time buyers seeking a modern, low-maintenance home, or growing families looking for the space and community amenities of Bridgwater Trails. A thoughtful perspective is that while newer homes often command a premium, this property’s assessed value ranking in the top 1% city-wide indicates it may offer exceptional value relative to the market, potentially appealing to value-conscious buyers who don’t want to compromise on location or condition.
Frequently Asked Questions
1. What does the high assessed value ranking actually mean?
The assessed value places in the top 1% of all Winnipeg homes, and top 5% within the neighbourhood. This typically indicates the property is valued significantly higher than average, which can reflect desirable features, location, and condition, and often correlates with strong market value.
2. How does the renovated basement add value?
A finished basement increases the usable living area, offering flexibility for a family room, home office, or guest space. In a single-storey home, this extra square footage is particularly valuable for expanding the functional space without altering the home’s footprint.
3. Is a 2019-built home still considered "new"?
While not brand new, a 7-year-old home is still considered modern. Major components like roofing, siding, HVAC, and appliances are likely still under or just beyond their original warranties, offering a balance between newer construction and established landscaping and neighbourhood maturity.
4. What are the benefits of a larger lot in this community?
With a lot size ranking better than 72% on its street, this property offers more outdoor space than many of its immediate neighbours. This allows for larger gardens, enhanced privacy, and more room for decks, play sets, or future additions like a shed.
5. The home sold in 2021. What does that recent history suggest?
A sale just three years prior, at a price very close to the current assessed value, suggests a stable and transparent value history. It indicates the area has consistent demand and helps establish a clear benchmark for the property’s market price.