Property Overview & Key Characteristics
This well-maintained home in Bridgwater Forest is a modern, move-in-ready property built in 2014. Its primary appeal lies in a combination of space, recent updates, and strong value metrics within the wider Winnipeg market. The home features a renovated basement, an attached garage, and a generous living area of over 2,100 sqft on a sizable lot. Data suggests it outperforms most Winnipeg homes in key areas: it's newer than 91% of properties, larger than 93%, and its recent sold price ranks in the top 3% city-wide for value. While its rankings within its immediate street and neighbourhood are more varied, the overall picture is of a solid, contemporary home in a popular area.
The property would suit buyers looking for a modern build without the wait or premium of new construction, who value having renovation work already completed (like the basement), and who prioritize quantifiable market value and space. It's a practical choice for growing families or professionals seeking a established home in a community with room to grow, backed by strong city-wide comparisons.
Frequently Asked Questions
1. How does the property's value compare to its recent sale price?
The home sold for $71,900 in August 2024, which is notably higher than its $64,200 assessed value. This suggests strong market demand and that buyers were willing to pay a premium over the municipal assessment at that time.
2. What do the ranking percentages actually mean for daily living?
While the home ranks highly city-wide for size and newness, its street-level rankings are more moderate. This indicates you're getting a above-average Winnipeg home for your money, but on Oak Lawn Road itself, the lot, living area, and age are more typical of the street's mix. The appeal is in getting a superior city property in a good neighbourhood.
3. Is the renovated basement a legal suite?
The provided details state the basement is renovated but do not specify if it's a legal, rentable suite. This is a crucial point to verify with the listing agent or city records, as it impacts value, utility, and insurance.
4. The home is newer than 91% of Winnipeg, but what does "12 years old" mean for maintenance?
A 2014 build is modern but is now entering a period where original components may need attention or updating. While major systems are likely in good shape, buyers should consider the natural lifecycle of items like the roof, HVAC, and appliances, which may be nearing mid-life.
5. How does the lack of a pool affect the property's appeal in this market?
Given the climate and the family-oriented nature of Bridgwater Forest, the absence of a pool is typical and may even be preferred by buyers seeking lower maintenance and a larger usable yard space for other activities. The value is directed into living space and lot size instead.