712 Bridge Lake Drive

Property Overview

This two-storey home in Bridgwater Trails offers a modern, low-maintenance lifestyle in a sought-after Winnipeg community. Built in 2017, its key appeal lies in being a relatively newer property within a well-regarded neighbourhood. The home sits on a standard-sized lot and features a renovated basement and a detached garage. Its value proposition is clear: it's a turnkey, contemporary home that ranks highly city-wide for its newness and assessed value, placing it in the top tiers for these metrics across Winnipeg. This property would suit first-time buyers, young professionals, or downsizers seeking a modern home in a developed area without the need for immediate updates or major landscaping work.

While the living space is more compact compared to others on the street, this translates to efficient, easier-to-maintain interiors. The detached garage offers flexibility for storage or a workshop. Buyers should note that while the home excels in city-wide rankings, its size ranks lower within its immediate street and neighbourhood context, indicating it's situated among larger homes, which can be a positive for perceived value.

Frequently Asked Questions

1. How does the "ranking" system work?
The rankings compare this specific property against others on its street, in Bridgwater Trails, and across all of Winnipeg for various metrics (like lot size, year built). A "Top 6%" rank for year built in Winnipeg, for example, means it's newer than 94% of homes in the city, a strong point.

2. The living area ranks lower on the street. How significant is this?
At 1,443 sqft, the living area is indeed below the average for Bridge Lake Drive. This suggests neighbouring homes may be larger, but it also means this home could offer a more efficient layout and potentially lower utility costs.

3. What does the recent sale history tell us?
The home sold in September 2023 for $51,800k. The current assessed value is slightly lower at $49.10k, which is typical. This recent sale provides a solid, modern benchmark for its market value.

4. Is the basement renovation reflected in the assessed value?
While the listing notes a renovated basement, municipal assessed values typically lag behind market-driven renovations. The value add of a finished basement is often realized more in sale price and buyer appeal than in the official assessment.

5. What is the context of the lot size?
The lot is 3,778 sqft, which is a standard suburban size. The ranking indicates lots on this street are often larger, but the property still offers typical outdoor space for the area without extensive maintenance demands.