Property Summary: 688 Bridge Lake Drive, Bridgwater Trails
Section 1: Overview & Appeal
This is a modern, two-storey home built in 2017, offering a low-maintenance lifestyle in the popular Bridgwater Trails community. Its key characteristics include a renovated basement, a detached garage, and a generous 3,997 sqft lot. At 1,580 sqft of living space, it provides comfortable room for a small family or couple.
The primary appeal lies in its balance of being a relatively new build—which means modern efficiencies and less immediate repair concern—within an established, amenity-rich neighbourhood. The renovated basement adds immediate functional space without the need for a project. While its specific street and neighbourhood rankings for size and value are average, the home ranks exceptionally well for its age compared to the entire city (top 6% in Winnipeg), highlighting its contemporary status in a broader market of older housing stock.
This property would suit first-time buyers or young families looking for a move-in-ready home in a newer community. It’s also a practical fit for those who value a modern foundation but see potential in personalizing the interior or landscaping over time, given the above-average lot size.
Section 2: Frequently Asked Questions
1. How does the home’s assessed value compare to the local area?
The home’s assessed value is stronger than 83% of properties across Winnipeg, placing it in the top 17% city-wide. Within its immediate neighbourhood and street, however, it sits closer to the middle of the pack, suggesting it is a solid, representative property for Bridgwater Trails.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand the quality of the renovation and how the space is currently configured (e.g., recreational room, additional bedroom, etc.).
3. Is the lot size typical for the area?
At just under 4,000 sqft, the lot is larger than 45% of properties on the same street. This indicates it is a reasonably sized, though not exceptional, lot for Bridgwater Trails, potentially offering more backyard space than some neighbouring homes.
4. The home sold new in 2017. What does its history suggest?
The original sale price in 2017 was $36.6k. The significant increase to its current assessed value of $50.6k reflects market appreciation over nine years and the added value of the basement renovation. There is no indication of frequent turnover, suggesting a history of stable ownership.
5. How does the living space compare to nearby homes?
With 1,580 sqft, this home provides more living area than 76% of properties in Winnipeg. On its specific street and in the neighbourhood, it ranks in the top 30-31%, meaning it is comfortably above average in size for its immediate surroundings, offering good space efficiency.