Property Overview: 113 Hill Grove Point
Key Characteristics & Appeal
This two-storey home in Bridgwater Forest is a well-situated, modern property built in 2011. Its primary appeal lies in its balance of space, location, and recent updates. With a generous 5,612 sqft lot and over 2,000 sqft of living area, it offers ample room for a growing family or those who value space. A key feature is the renovated basement, which adds immediate functional living space without the need for a project.
The home’s strength is its solid positioning within its immediate community. It ranks highly for its lot and living area size on its own street, meaning it offers more space than most of its direct neighbors. While it’s a 15-year-old property, its assessed value ranks in the top tiers for Winnipeg, suggesting it is viewed as a stable asset. This combination suits buyers looking for a move-in-ready family home in a established, newer neighbourhood like Bridgwater Forest, who prioritize interior space and a finished basement over having the absolute newest build on the block. It’s a practical choice for those seeking value in perceived square footage and lot size within a desirable area.
Frequently Asked Questions
1. How does the age of this home (built 2011) compare to the area?
While 15 years old, it is newer than 88% of homes in Winnipeg. In Bridgwater Forest, a relatively new community, it is slightly above the median age, meaning it’s among the older homes in this specific neighbourhood but still modern by city-wide standards.
2. What do the ranking percentages actually mean?
They show how this property compares to others in a specific group. For example, its living area is in the “Top 87% on the same street,” meaning only 13% of houses on Hill Grove Point have a larger living area. It’s a measure of relative standing.
3. Has the property value increased since the last sale?
The home sold for $540k in 2017 and then for $620k in 2021, indicating appreciated value over that four-year period. The current assessed value is listed at $634k.
4. What is the significance of the lot size ranking so high?
Ranking in the “Top 15%” for lot size on its street highlights that this property likely has one of the larger yards in the immediate area, which can be a premium for outdoor space, privacy, and future potential in a newer subdivision.
5. Is the renovated basement a legal suite?
The provided details confirm a renovated basement but do not specify if it is a legal secondary suite. This is a crucial point to verify with the listing agent or city records, as it impacts rental potential and insurance.