Property Overview: 391 Oak Lawn Road, Bridgwater Forest
Key Characteristics & Ideal Buyer
This two-storey home in the sought-after Bridgwater Forest community presents a compelling blend of space, modern updates, and established neighbourhood living. Built in 2012, its key characteristics include a generous 7,496 sqft lot—ranking larger than 90% of properties on its street—and 1,800 sqft of living space. A recently renovated basement and an attached garage add to its functional appeal.
The property’s primary appeal lies in its balance. It offers a substantial lot in a mature, top-tier neighbourhood without the premium price of a brand-new build. The data suggests a home that is well-situated within Winnipeg, ranking better than 86% of the city for lot size and being newer than 89% of Winnipeg homes. This positions it as a "move-in ready" opportunity in a community where newer construction typically comes at a higher cost. It would suit practical buyers looking for a family-friendly neighbourhood with established amenities, green spaces, and trails. It’s particularly well-matched for those who value outdoor space and a renovated interior over having the absolute newest construction on the block, offering a smart entry point into a high-demand area.
Frequently Asked Questions
1. How does the current assessed value relate to the likely asking or market price?
The provided assessed value is a municipal figure for tax purposes and is typically not the market price. Market value is determined by recent sales of comparable homes, current demand, and the property's specific condition. Consulting a local real estate agent for a comparative market analysis is essential.
2. The lot size is a standout feature. What are the potential benefits and responsibilities?
A lot larger than most on the street offers great potential for gardening, play space, or future additions like a deck or shed. However, it also means higher maintenance (more lawn to mow, garden beds to manage) and potentially higher water bills for irrigation.
3. The home was last sold in 2019. What might have changed since then?
Since the 2019 sale, the owners have undertaken a basement renovation. It’s important to request details on the scope, permits, and quality of this renovation, as it significantly adds to the home’s liveable space and value.
4. The "Sold" price rank appears low. What does this indicate?
The data shows the 2019 sale price ranked below many comparable sales at that time. This does not reflect today’s market value. It may indicate a well-priced purchase then or unique circumstances of that sale. Current value will be driven by today’s market conditions and the home’s updated state.
5. What is the community of Bridgwater Forest like for day-to-day living?
Bridgwater Forest is a master-planned community known for its parks, ponds, and extensive pathway networks. It is family-oriented with nearby schools and planned commercial centres. Residents should be aware that some retail amenities are still developing, and reliance on nearby areas for certain shopping needs is common.