Property Overview: 35 Deer Ridge Bay, Bridgwater Forest
Section 1: Key Characteristics & Appeal
This two-storey home in Bridgwater Forest is a modern, well-sized property built in 2013. Its key strength lies in its above-average space and recent updates. With a generous 2,364 sqft of living area and a 6,035 sqft lot, it offers more room than most homes in Winnipeg, ranking in the top 4% and top 31% respectively for size. The home features a renovated basement and an attached garage.
The appeal is rooted in its balance of contemporary living and established maturity. Unlike brand-new builds, the 13-year-old home has passed the initial settling phase, while the renovated basement suggests key updates are already handled. Its lot size is notably larger than many in the newer community, offering valuable outdoor space. The property’s assessed value ranks highly city-wide, indicating strong fundamental value relative to the market.
This home would suit growing families or professionals seeking space in a planned neighbourhood without the wait and unpredictability of a new construction project. It’s also a practical fit for buyers who appreciate a home that has been lived in and partially updated, but still allows for personalization.
Section 2: Frequently Asked Questions
1. How does the past sale price compare to the current assessment?
The home sold for $56,600 in October 2020. Its current assessed value is $64,200. This increase aligns with broader market trends over that period and suggests steady valuation growth.
2. Is the lot size typical for Bridgwater Forest?
At over 6,000 sqft, the lot is larger than 62% of others on Deer Ridge Bay. In a newer community where lots can be smaller, this is a distinct advantage for privacy and outdoor use.
3. What does the "ranking" data actually tell a buyer?
The rankings contextualize the home’s metrics. For example, living area is in the top 4% for Winnipeg, meaning it’s exceptionally spacious city-wide. Conversely, being newer than only 38% of homes on its own street suggests the immediate block has a mix of both newer and slightly older homes.
4. The home is 13 years old. What should I consider?
A home of this age is past the initial warranty period but is still modern. Major components like the roof, HVAC, and appliances may be nearing mid-life, so a thorough inspection is advised. The renovated basement is a positive, but understanding the scope and permits of that work is important.
5. How does the assessed value impact property taxes?
Property taxes are calculated using the assessed value. While a high assessment indicates strong market value, it also forms the base for your tax bill. Comparing the mill rate in Bridgwater Forest to other areas will give you a clearer picture of annual costs.