Property Overview: 23 Copperfield Bay, Bridgwater Forest
Key Characteristics & Appeal
This 2011-built, two-storey home in the popular Bridgwater Forest community presents a compelling blend of space, established value, and a move-in-ready condition. Its key features include a renovated basement, an attached garage, and a generous living area of over 2,300 sqft situated on a large, nearly 9,000 sqft lot. The data reveals a property that stands out in several key metrics: it ranks in the top 8% of Winnipeg for assessed value and the top 4% for living area, indicating a home that is both substantial and officially valued well above average.
The appeal lies in its position as a "best-in-class" property within its immediate context. While the home is not new, it is newer than most in the city and sits on a lot larger than 75% of its street neighbors. The significant jump in assessed value since its last sale suggests substantial improvements, likely including the basement renovation. This isn't just another house in the area; it's one of the larger, more valuable homes on the block.
This property would ideally suit buyers looking for an established home in a mature, family-friendly neighborhood who prioritize space and lot size over a brand-new build. It’s for those who appreciate a home that has seen clear value-adding upgrades and offers more room—both inside and out—than many of its direct competitors.
Frequently Asked Questions
Q: How does this home’s value compare to others nearby?
A: Its assessed value is in the 92nd percentile on its own street and the 95th percentile city-wide, meaning it is officially valued higher than the vast majority of comparable homes. This strong valuation is supported by its above-average living space and lot size.
Q: The last sale was in 2021. Has the value increased since then?
A: Yes. The assessed value is now approximately $64,200, which is about 13% higher than the $56,700 it sold for in 2021. This notable increase likely reflects the renovated basement and general market movement.
Q: Is the lot size typical for Bridgwater Forest?
A: No, it’s notably larger. At 8,999 sqft, the lot is larger than 75% of properties on Copperfield Bay and places the home in the top 25% for lot size on its street, offering more outdoor space than many in the area.
Q: The home is 15 years old. What might that mean for a buyer?
A: This age means the major systems and structure are well past the initial "shakedown" period of a new build. Any significant issues have likely been addressed, but buyers should still consider the potential future need for updates to aging components like the roof, HVAC, or appliances as part of their planning.
Q: The 2019 sale price seems low. Why is that?
A: The home sold for $540,000 in 2019, which was below the neighborhood median at the time. This could have been due to market conditions, specific terms of the sale, or the state of the property prior to the recent renovations. The subsequent renovation and strong value growth since then indicate a significant transformation.