Property Overview
This renovated one-storey home in Bridgwater Forest offers a practical and low-maintenance living option in a modern Winnipeg neighbourhood. Built in 2010, its key appeal lies in its updated basement, attached garage, and a lot size that is notably larger than most on its street. The home’s recent sale history shows consistent value growth, and its current assessed value ranks highly compared to most of Winnipeg. It suits first-time buyers seeking a move-in-ready property, downsizers looking for single-level living without a condo fee, or investors attracted by the area's steady appreciation.
The property presents a balanced profile: while its living space is modest for the neighbourhood, this is offset by the renovated basement adding functional space and the lot offering above-average outdoor potential. It’s a home for those who prioritize a newer build, a quiet street, and a manageable footprint over sheer square footage.
Frequently Asked Questions
1. How does the lot size compare, and what does it mean for me?
At 4,726 sqft, the lot is larger than 67% of those on the same street. This means more private outdoor space than many neighbouring properties, offering better potential for gardening, play areas, or future additions like a deck or shed.
2. The living area seems average. Where is the extra space?
The living area is 1,293 sqft, but this figure does not include the finished, renovated basement. The basement significantly adds to the usable living and storage space, making the home feel more spacious than the main floor square footage suggests.
3. What does the sold price history indicate?
The home sold for $460k in 2016 and $550k in 2022. This demonstrates strong value appreciation over a six-year period, suggesting a stable and desirable location. It provides a solid benchmark for current market value.
4. Is the property assessed above or below its last sale price?
The current assessed value is $54.70k, which is a municipal assessment for tax purposes and is typically much lower than market value. The last sale price of $550k in 2022 is the relevant figure for understanding its recent market worth.
5. How does this home fit within Bridgwater Forest?
The home is newer than 71% of the neighbourhood, a positive for modern systems and less immediate maintenance. Its assessed value ranks in the top half of the area, positioning it as a solid, mid-range property within this popular community.