Property Overview & Key Characteristics
This two-storey home in Bridgwater Forest, built in 2009, presents a practical opportunity with a few distinct advantages. Its key appeal lies in a combination of above-average living space and a fully renovated basement, set on a larger-than-typical lot for the immediate area. The detached garage adds flexibility.
The home’s metrics reveal a nuanced position: while its living area and lot size rank very well on its specific street, the property is older than most in this newer community. This suggests a well-established lot and landscaping compared to newer builds, but potentially dated interior finishes aside from the basement renovation. The steady, significant increase in assessed value since 2016 indicates solid market recognition.
This property would suit a buyer looking for move-in-ready space without needing a brand-new home, who values a larger yard and the added living area a finished basement provides. It’s a pragmatic choice for those prioritizing interior square footage and lot size over having the newest build on the block.
Frequently Asked Questions
1. How does the age of this home (built 2009) compare to the rest of Bridgwater Forest?
The home is older than approximately 89% of properties in the neighbourhood, meaning it is one of the original phases of this community. The upside is a more mature lot and established surroundings.
2. The assessed value has risen noticeably. What does this indicate?
The assessed value has increased from $410k in 2016 to $543k, reflecting both market-wide appreciation and specific improvements like the basement renovation. It suggests the property has been maintained and upgraded in line with or ahead of area trends.
3. How does the living space compare to nearby homes?
With 1,680 sqft, this home offers more living area than over 80% of properties on its street and in Winnipeg overall, which is a key strength. The renovated basement effectively expands this usable space further.
4. What is the significance of the lot size ranking?
At 4,064 sqft, the lot is larger than about two-thirds of lots on the street. In a newer area where lots are often smaller, this provides a valuable advantage for outdoor space, privacy, and potential activities.
5. Are there any obvious concerns the rankings highlight?
The primary consideration is that the home’s build year ranks in the bottom 10% for the neighbourhood, so buyers should focus due diligence on the condition of age-related components (roof, HVAC, windows) that may be nearing their typical lifespan, balanced against the updated basement and generous space.