Property Overview: 26 Lake Forest Road, Bridgwater Forest
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Bridgwater Forest presents a compelling blend of space, location, and established value. Its key characteristics include a renovated basement, an attached garage, and a generous 6,428 sqft lot that ranks in the top quarter for size on its street. Built in 2010, the home is newer than most in Winnipeg, offering modern construction without the premium of a brand-new build.
The appeal lies in its strong positional metrics and move-in-ready potential. The property sits in a desirable pocket, ranking better than three-quarters of homes on its own street and in Winnipeg overall for lot size. Its assessed value is notably high, placing it in the top 3% of Winnipeg, which suggests a solid foundation of municipal valuation. The 2017 sale price further reinforces a history of strong market value. This home would suit practical buyers looking for a single-level layout in a mature, family-oriented neighbourhood like Bridgwater Forest. It’s ideal for those who prioritize a large yard, appreciate the value of a finished basement, and are seeking a property with demonstrated and stable worth over time, rather than a fixer-upper.
Section 2: Frequently Asked Questions
1. What does the "rank" information actually tell me?
The rankings compare this property against specific groups (its street, neighbourhood, and all of Winnipeg) for metrics like lot size and year built. For example, being "better than 77% in Winnipeg" for lot size means this parcel is larger than most in the city, a tangible advantage.
2. The living area ranks lower than the lot size. Is that a concern?
Not necessarily. It indicates the home itself is average in size for the area, but it's situated on a larger-than-average lot. This is appealing if you value outdoor space, potential for expansion, or simply more privacy from neighbours.
3. The assessed value seems low compared to the last sale price. Why?
Municipal assessed value (for tax purposes) often lags behind current market value and uses a different calculation method. The 2017 sale price of $720k is a historical market data point, while the $73.1k assessment is not an indicator of listing or sale price.
4. The home is newer than most in Winnipeg, but only average for its neighbourhood. What does that mean?
Bridgwater Forest is a relatively new community. This 2010-built home is among the older homes in the area, meaning the neighbourhood's character and amenities are well-established, but the house itself is still modern and likely avoids issues of very aging infrastructure.
5. Who might this property not suit?
Buyers seeking a brand-new home with builder warranties, or those who prioritize a very large interior square footage above all else, might look elsewhere. The data suggests its strength is in its land value and overall position rather than a maximized floor plan.