Property Overview: 31 Aspen Forest Point, Bridgwater Forest
Key Features & Ideal Buyer
This 2009-built, one-storey home in Bridgwater Forest presents a practical and comfortable living proposition. Its key characteristic is a renovated basement, adding valuable finished space to the 1,484 sqft main floor plan. The home sits on a generous 4,659 sqft lot, offering more outdoor space than many in the immediate area, and includes an attached garage.
The appeal lies in its balance of established community living and modern updates. The neighbourhood is well-developed, and the renovated basement suggests move-in readiness without major projects. Its value proposition is grounded in space and functionality rather than luxury finishes. The home ranks highly for its newer construction year compared to much of Winnipeg, but it's notably more modest in both living area and assessed value than many direct neighbours on Aspen Forest Point.
This property would suit first-time buyers or downsizers seeking a manageable, single-level layout in a popular suburban community. It’s also a fit for value-conscious buyers who prioritize a larger lot and updated fundamentals over having the largest house on the block. The significant difference between the last sold price ($450k in 2019) and the current assessed value is a key point for buyers to discuss with their agent to understand local market dynamics.
Frequently Asked Questions
1. What does the "renovated basement" typically include in a home like this?
While specifics require a viewing, in this context and neighbourhood, it most commonly means a finished living space—likely a rec room, additional bedrooms, or a home office—with proper flooring, drywall, and lighting, adding functional square footage to the home.
2. The home ranks low for living area on its street. How noticeable is this?
The home is the smallest by living area on Aspen Forest Point. This means it may feel cozier than neighbours' homes, but it also translates to lower utility costs and less maintenance. The generous lot size helps offset this by providing ample outdoor space.
3. The assessed value seems low. Does this affect my property taxes?
Yes, property taxes are based on the assessed value. A lower assessment relative to the potential market price can be an advantage, often resulting in comparatively lower annual property taxes.
4. Bridgwater Forest is a large area. What's specific about this location?
This home is situated on a quiet point, with very close neighbouring properties. It offers a settled, established streetscape with mature landscaping, as this section of the community is now over 15 years old.
5. Why is there such a gap between the 2019 sale price and the current assessed value?
Assessed value for taxation purposes often lags behind rapid market changes. The 2019 sale reflects a past market peak, while the current assessment may not fully capture recent market shifts. A current market evaluation is essential to understand today's value.