Property Overview & Key Characteristics
This two-storey home at 82 Silver Creek Road in Bridgwater Trails is a modern property built in 2019. Its key appeal lies in its balance of being a relatively new build in a popular suburban neighbourhood, offering move-in readiness without the premium of a brand-new home. The house features 1,504 sqft of living space, an attached garage, and a full basement that presents a blank canvas for future development.
The property’s standout characteristic is its newness relative to the area; it is newer than 96% of homes in Winnipeg. This suggests lower immediate costs for major repairs or updates. However, the lot size and living area are more typical for the street, ranking in the middle to upper ranges locally. A thoughtful perspective is that while the home itself is modern, its assessed value ranks higher than its sold price history, indicating it may be viewed as a solid value proposition in its category. It would suit first-time buyers or young families looking for a contemporary home in a community-focused neighbourhood, as well as practical buyers who appreciate a basement left unfinished for customization.
Frequently Asked Questions
1. How does this home compare to others on the street?
It ranks very well for its age (newer than 93% on the street) and is above average for living space size. Its lot size and last sold price are closer to the median for Silver Creek Road.
2. What does the sale history indicate?
It sold new in 2019 for $351,000 and then again in early 2022 for $480,000. This reflects the strong market appreciation of the time and establishes a recent price benchmark.
3. Is the basement finished?
No, the basement is noted as "not renovated." This is a space for future expansion, allowing the next owner to finish it to their own taste and needs.
4. How does the assessed value relate to the likely asking price?
The current assessed value is $46,700. It's important to understand that municipal assessed value for taxation is not a market appraisal. The 2022 sale price of $480,000 is a more relevant indicator of market value.
5. What are the less obvious considerations?
While the home is newer, its living space is modest relative to some newer builds in Bridgwater Trails, as seen in the comparison homes. Buyers should weigh the benefits of a newer structure against potentially wanting more square footage. Additionally, its high percentile rank for "newness" in the city is a positive, but its overall rank within its own immediate neighbourhood is more average, suggesting it fits comfortably within the community profile.