Property Overview & Key Characteristics
This one-storey home in Bridgwater Forest is a standout property that combines above-average space with a highly desirable financial profile. Its key appeal lies in its substantial 6,428 sqft lot and a renovated basement, offering room to grow. Built in 2010, it strikes a balance between modern construction and established maturity. The numbers tell a compelling story: the home ranks in the top quarter of its street for lot size and sits in the top 1% of all Winnipeg for both its recent sold price and assessed value, indicating strong market recognition and investment stability. Its living space is notably generous, placing it in the top 6% citywide.
This property would suit buyers looking for a move-in-ready home with a proven value trajectory, particularly those who prioritize lot size and financial metrics over a brand-new build. It’s an excellent match for downsizers or young families seeking single-level living without compromising on space, and for value-conscious investors who appreciate the concrete data showing its performance against comparable homes.
Frequently Asked Questions
1. What does the ranking data actually mean?
The percentile rankings (e.g., "Top 1% in Winnipeg") directly compare this property to specific groups—its street, neighbourhood, and the entire city—for metrics like sold price and lot size. It’s a data-driven way to confirm its standout characteristics in a broader context.
2. Is the renovated basement a legal suite?
The listing specifies a "renovated basement" but does not state it is a legal secondary suite. Buyers should verify its compliance and permitted use with the city if considering rental income.
3. Why is there such a large gap between the assessed value and the recent sold price?
This is common. The assessed value (for property tax purposes) is often lower than market value. The sold price of $970k is a clear, recent indicator of what the market was willing to pay, placing the home in an elite tier locally.
4. The home is newer than 91% of its street but only 29% of its neighbourhood. Why?
This highlights Bridgwater Forest’s development timeline. The street is mostly older, making this home relatively new there. However, the wider neighbourhood has many newer subdivisions, so compared to all of Bridgwater Forest, its 2010 build date is more middle-of-the-pack.
5. What are the less obvious advantages of this specific location on Lake Forest Road?
The data shows it's in a pocket of higher-value homes, which can contribute to stability. Proximity to five other properties on the same street (as shown in nearby listings) suggests a well-established, cohesive streetscape, which isn't always the case in newer master-planned communities.