Property Overview
This two-storey home in Bridgwater Forest is a well-situated property with a mix of established community benefits and specific, data-driven characteristics. Built in 2009, it offers a functional layout with a detached garage and an unfinished basement, presenting a classic canvas for its next owners.
Key Characteristics & Appeal
The primary appeal of this home lies in its above-average living space and strong historical value within its immediate locale. At 1,722 sqft, the living area is larger than over 80% of homes on the same street, offering more room than many comparable properties. Its last sold price in 2021 places it in the top 22% of the street, indicating a perceived premium for its specific lot or condition at that time. The lot size is also generous for the area.
It suits two main types of buyers: first, those seeking a move-in ready home in a modern neighbourhood who value space and are comfortable with a property that may benefit from personal updates over time. Second, it appeals to practical buyers who see potential in the unfinished basement for future expansion, allowing them to customize the space to their needs without paying a premium for a prior owner's renovation choices.
A less obvious perspective is its positioning within the wider city. While its year built is newer than 86% of Winnipeg homes, it ranks lower in "newness" within its own desirable, newer community of Bridgwater Forest. This suggests a buyer is getting a home from the established first phase of the neighbourhood, with mature landscaping and settled community feel, rather than the very latest construction.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The 2021 sale price was $500,000, while the current assessed value is listed at $48,800. It is crucial to note that in Manitoba, property assessments are not market valuations; they are used for calculating municipal taxes. The assessed value figure shown is typically only a portion of the total value. Always consult a real estate professional for a current market evaluation.
2. What does the ranking data actually mean?
The percentile rankings (e.g., "Top 17%") show how this property compares to others in a specific geographic group for a given metric. For example, living area being in the "Top 17% on the street" means it is larger than 83% of its direct neighbours. This data helps contextualize the home's specific strengths and weaknesses within its market.
3. Is the basement usable?
The listing confirms a "Yes, not renovated" basement. This means it is unfinished but likely includes the core components (foundation, utilities, likely a rough-in for a bathroom). It represents both a cost-saving (you're not paying for a finished product) and future opportunity for customization.
4. The neighbourhood rank seems low. Is this a concern?
The property ranks in the top 94% for lot size in Bridgwater Forest (meaning only 6% of lots are larger), which is positive. Other lower rankings (like being in the top 89% for year built) simply reflect that many homes in this newer community were built more recently. It does not diminish the neighbourhood's overall desirability, but shows this specific home is among the older ones within it.
5. What can nearby property data tell me?
The nearby and similarly-assessed properties provide context. The close proximity of many homes on Bridgeland Drive N indicates a tight-knit street layout. The list of homes across Winnipeg with similar assessed values is more useful for tax comparison purposes than for market value, as it includes areas with vastly different market conditions.