Property Overview
25 Forest Creek Road is a well-established, single-storey home in the popular Bridgwater Forest neighbourhood. Built in 2011, it sits on a large, 7,676 sqft lot and features a renovated basement and an attached garage. The home’s standout characteristic is its exceptional value ranking within the city, placing in the top 1% of Winnipeg for both its recent sold price and its current assessed value. This indicates a property that has significantly appreciated and is positioned well above average for its size and area.
Its appeal lies in the combination of a prime lot size, modern updates, and a location within a sought-after, family-oriented community. The data suggests it's a property that has outperformed most of its local and city-wide peers in terms of value growth. It would particularly suit value-conscious buyers looking for a "best-in-class" property within a specific neighbourhood, or those seeking a home with proven investment strength and room to grow in a mature development.
Key Details & FAQs
Key Characteristics & Appeal:
This home is defined by its strong performance metrics. With a living area of 2,117 sqft, it is spacious and ranks in the top 7% city-wide. The lot is notably larger than most in the area, offering ample outdoor space. Its most compelling data points are financial: it last sold for $1.05M in March 2023 and holds a $930k assessed value, rankings which place it in the 99th percentile for Winnipeg. This suggests a premium property within its market segment. The renovated basement adds modern living space. It appeals to buyers seeking a move-in ready home in a stable neighbourhood with a track record of strong value retention and growth, ideal for growing families or professionals looking for a long-term home with a sound financial history.
Frequently Asked Questions:
1. What does being in the "top 1%" for value actually mean?
It means this property's last sold price and its official assessed value are higher than 99% of all residential properties in Winnipeg. This reflects its premium positioning compared to the overall market.
2. The house was built in 2011. What might need attention?
While the basement is renovated, a home of this age may be approaching the time for updates to original components like the roof, HVAC system, or major appliances. A thorough inspection is recommended.
3. The lot is large, but how does the living space compare to neighbours?
At 2,117 sqft, the living area is above average for the neighbourhood (top 34%), but some direct neighbours on the street have larger footprints. The value appears driven more by lot size, condition, and overall prestige than sheer interior square footage.
4. Why is the current assessed value lower than the 2023 sale price?
Municipal assessed value for taxation purposes doesn't always equal current market value. It can lag behind rapid market changes. The assessment confirms the home is valued highly by the city, but the recent sale price is a more current market indicator.
5. Who would this home not suit?
It may not suit buyers seeking a brand-new build, those with a budget strictly at the Winnipeg average, or anyone uncomfortable with a premium price point for the neighbourhood. Its value is for those prioritizing lot size, established community, and proven high-end market performance.