Property Overview & Key Characteristics
This two-storey home in Bridgwater Forest is a standout property on its street, offering a blend of above-average space, recent updates, and strong market performance. Built in 2011, its key appeal lies in its generous 2,306 sqft living area, which ranks in the top 8% on its street and top 4% city-wide, providing substantial room for a growing or established household. The home features a renovated basement and an attached garage, situated on a large 7,069 sqft lot. Its consistent value is demonstrated by solid sales history, with a notable increase from $630k in 2021 to $692k in 2023.
The property’s appeal is rooted in its data-backed position within a desirable, modern neighbourhood. It suits buyers looking for a move-in-ready home with a finished basement in a community known for its newer construction. It would particularly fit professionals or families seeking space without the maintenance of an older home, and value-conscious buyers who appreciate a property that has demonstrated strong and stable appreciation relative to its peers.
Frequently Asked Questions
1. How does the lot size compare to others in the area?
At just over 7,000 sqft, the land area is larger than 62% of lots on the same street, offering more outdoor space than many neighbouring properties in this newer community.
2. What do the "rank" percentages actually mean?
They show how this property compares to others in a specific category. For example, living area being "better than 96% in Winnipeg" means only 4% of homes in the city have a larger living space, highlighting a key advantage of this property.
3. Has the home's value increased?
Yes. Public sales data shows a value increase from $630,000 in September 2021 to $692,000 in January 2023, suggesting strong market performance during that period.
4. What is the significance of the "Assessed Value" being different from the last sale price?
The assessed value ($641,000) is for municipal tax purposes, while the sale price ($692,000) is the market value a buyer paid. The sale price is typically a more current indicator of the home's market worth.
5. Is the basement renovation reflected in the assessed value?
Typically, significant renovations can increase market value, as seen in the sale price, but municipal assessments often lag behind recent improvements and may not fully capture their impact immediately.