Property Overview
This one-storey home in Bridgwater Forest is a standout property defined by its generous lot size and strong value metrics. Built in 2012, it sits on an expansive 11,645 sqft lot, which ranks in the top 6% of the neighbourhood, offering rare space for a newer community. The 2,049 sqft living area is complemented by a renovated basement. Its appeal lies in a proven investment profile, having recently sold for a price that places it in the top 1% of Winnipeg for sale value relative to assessment. This suggests a premium property within its market.
It would particularly suit buyers looking for a move-in ready, single-level layout on a large, private lot—ideal for gardening, outdoor living, or future expansion. The strong rankings also make it a compelling choice for value-conscious buyers who prioritize statistical equity and neighbourhood standing over a brand-new build.
Frequently Asked Questions
1. What does the "Top X%" ranking actually mean?
These rankings compare this property against all others on its street, in Bridgwater Forest, and across Winnipeg for specific metrics. For example, being in the "Top 6%" for lot size in the neighbourhood means only 6% of homes have a larger land area.
2. The home sold recently. Why is it back on the market?
While the listing doesn't specify a reason, the recent sale (December 2024) could indicate a quick resale by an investor, a change in circumstances for the buyer, or potentially a deal that fell through and is now relisted. Further inquiry with the listing agent would be needed.
3. How does a $1.1M sale price relate to the $102.3K assessed value?
The assessed value is for municipal tax purposes and is typically much lower than market value. The key takeaway is the ratio: the sale price significantly exceeds the assessment, which often indicates the market recognizes premium features not fully captured in the tax assessment.
4. Is the large lot a common feature in Bridgwater Forest?
No, it's quite distinctive. With a lot size ranking better than 94% of the neighbourhood, this property offers an unusually spacious yard for this modern community, where lots are often more standardized.
5. The year built ranks lower than other metrics. Is that a concern?
The "Top 96%" rank for year built means it's older than 96% of homes on its street, as it was one of the first built in this phase. This isn't a concern for the structure but suggests neighbouring homes may be newer. The trade-off is a more established lot with mature landscaping.