Property Overview
This two-storey home in Bridgwater Forest is a well-established property with notable space and recent updates. Built in 2010, its key appeal lies in its generous proportions and strong performance relative to its surroundings. The home features a renovated basement and an attached garage on a 4,530 sqft lot. The living area of 2,297 sqft is particularly spacious, ranking in the top 5% on its street and top 4% city-wide. Its last sale price in mid-2022 was significantly higher than its current assessed value, indicating a previous market peak purchase. The property suits buyers looking for a move-in ready home with ample indoor space in a modern neighbourhood, who may also see potential value relative to its last sale price. It would especially appeal to families or those who prioritize interior square footage over a newer build date, as the home trades some "newness" rank for exceptional size rankings.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The current assessed value is $67.9k, which is dramatically lower than the $780k it sold for in June 2022. This is not an appraisal of market value but a tax assessment; the large discrepancy likely reflects the market cooling from its peak and the different purposes of each valuation.
2. Is the house unusually large for the area?
Yes. The living area ranks in the top 5% on its street and top 4% in Winnipeg, meaning it is a notably spacious home compared to most properties in the city, not just the immediate neighbourhood.
3. What does the "rank by year" mean for a 2010 build?
While the home itself is 14 years old, these rankings compare it to other homes on its street, in the neighbourhood, and city-wide. It ranks better than 87% of Winnipeg homes for newness, meaning most of the city's housing stock is older. However, within its own newer suburb of Bridgwater Forest, it is older than many comparable homes.
4. What is the significance of the renovated basement?
The listing confirms the basement is renovated, which is a key functional update for a home of this age. It adds immediate livable space and suggests major foundational systems (like insulation, electrical, and finishing) have been addressed more recently than the original build.
5. How does the lot size compare?
At 4,530 sqft, the lot is a standard suburban size. Its ranking ("better than 55% on the same street") suggests it is fairly typical for Bridgeland Drive S, neither among the largest nor the smallest on the block. The home's standout feature is its interior living area, not its land area.