Property Overview
This two-storey home in Bridgwater Forest, built in 2012, presents a compelling blend of modern comfort and established value. Its appeal lies in a well-proportioned package: a generous 2,458 sqft of living space on a large 5,356 sqft lot, anchored by a renovated basement and an attached garage. The data reveals a home that consistently ranks in the top tiers of its peer group, particularly for its above-average living area and a very strong assessed value that places it in the top 1% of Winnipeg. It last sold in 2019 for $850k.
The property would suit buyers looking for a move-in ready, spacious family home in a popular, relatively new suburb. It’s ideal for those who value both interior space and a sizable yard, and who appreciate a home with a recent, high-quality basement renovation already completed. The strong value metrics suggest it’s a solid, above-average holding in the Winnipeg market, appealing to both growing families and value-conscious investors.
Key Questions & Considerations
1. What does the ranking data actually mean for me?
The percentile rankings show this home outperforms most comparable properties in key metrics. For example, being in the top 3% of Winnipeg for living area means it offers more space than 97% of homes in the city, a significant advantage for the price point.
2. The assessed value is much lower than the last sale price. Why?
Municipal assessed value (here, $921k) is for tax purposes and often lags behind the current market. The 2019 sale at $850k is a more relevant historical marker, but the true current value will be determined by today's market conditions.
3. Is the renovated basement a legal suite?
The listing states the basement is "renovated" but does not specify it as a legal secondary suite. A buyer should verify the permits and nature of the renovation to understand its potential for income or extended family use.
4. How does the lot size impact future plans?
At over 5,300 sqft, the lot is substantially larger than many in newer suburbs. This not only provides more private outdoor space but also offers greater flexibility for future additions, landscaping projects, or installing features like a shed or hot tub, subject to local bylaws.
5. The home is over a decade old. What should I check?
Built in 2012, the home is past the initial builder warranty period. A thorough inspection should focus on the aging of major components like the roof, HVAC system, and exterior finishes, which may be approaching mid-life maintenance or replacement.