Property Overview: 23 Deer Ridge Bay, Bridgwater Forest
Key Characteristics & Appeal
This well-situated two-storey home in Bridgwater Forest presents a compelling opportunity. Built in 2015, it offers modern construction within a sought-after neighbourhood. The property stands out for its generous 6,116 sqft lot, which is larger than two-thirds of the homes on its street, providing ample outdoor space. With 2,237 sqft of living area, the home is more spacious than nearly three-quarters of comparable properties in the immediate area. Its appeal is rooted in a balance of space, a relatively recent build, and a location that ranks highly across Winnipeg for both value and property size. The attached garage and existing (though unrenovated) basement add functional potential.
This home would suit buyers looking for a move-in ready, modern family home in a established community, who also value the possibility of future customization, particularly in the basement. It’s also a strong fit for those who prioritize lot size for gardening, play, or outdoor living, which can be harder to find in newer subdivisions. The strong rankings against city-wide metrics suggest a property that holds intrinsic value and appeal beyond its immediate block.
Frequently Asked Questions
1. How does the property’s value trajectory look?
The home sold for $540,000 in 2017 and then $600,000 in 2023. This indicates steady appreciation over six years, even through varying market conditions, which can be a positive sign of the area's stability and the property's maintained value.
2. What do the "rank" percentages actually mean?
These metrics compare this specific property against others on its street, in Bridgwater Forest, and across all of Winnipeg. For example, being "better than 92% in Winnipeg" for year built means it is newer than 92% of all homes in the city, a significant mark of its modern status.
3. Is the basement finished?
No, the listing specifies the basement exists but is "not renovated." This presents both a cost consideration and an opportunity for a buyer to customize the space to their own needs and tastes in the future.
4. The last sale was in 2023. Why is it back on the market so soon?
While the listing doesn't specify a reason, short-term ownership can be due to many life changes unrelated to the property itself, such as job relocation or family circumstances. It’s always a prudent question to ask the selling agent.
5. How does the assessed value relate to the likely selling price?
The municipal assessed value is $65,100k (or $651,000), which is used for calculating property taxes. It is a provincial assessment, not a market appraisal. The 2023 sale price of $600,000 is a more current indicator of market value, though conditions may have shifted since that sale.