Property Overview & Key Characteristics
This well-established home in Bridgwater Forest is positioned on a large, premium lot that ranks in the top tier for size within both its street and the wider city. Built in 2011, it offers modern construction on a generous, private parcel of land—a combination that can be hard to find in newer communities. The home itself is a renovated one-storey layout with over 2,000 square feet of living space, featuring an attached garage and a finished basement.
Its primary appeal lies in its exceptional lot size and strong value fundamentals. The property’s assessed value is notably high compared to its neighbours and the rest of Winnipeg, suggesting it is a substantial asset in a desirable area. It would particularly suit buyers looking for single-level living without compromising on yard space, or those who value a home with proven appreciation in a mature, planned community. It’s a solid choice for empty-nesters, small families seeking room to grow outdoors, or value-focused investors attracted by its standout lot and assessment metrics.
Frequently Asked Questions
1. How does the lot size compare to typical properties in Winnipeg?
The lot of 9,079 sqft is significantly larger than average, ranking better than 92% of all properties in Winnipeg. This is a standout feature for a 15-year-old home in a modern suburb.
2. The living area ranks lower on its street but high city-wide. What does this mean?
While the home’s interior size is above average for Winnipeg, it is more modest compared to some larger homes on the same street. This highlights the property’s value proposition: you are investing significantly in the land and location, with a comfortable, renovated living space.
3. What is indicated by the large gap between the last sold price and the current assessed value?
The home sold for $840k in 2020 and is now assessed at just over $106k. This is not a discrepancy; the assessed value is for taxation purposes only and is not a market valuation. The market value is likely closer to historical sale prices and current area comparables.
4. Is the renovated basement included in the living area square footage?
Typically, finished basement space is not included in the official living area calculation (2,034 sqft). The renovation adds valuable functional space but is considered separately.
5. The year built ranks highly, but the home is 15 years old. Why is that a positive?
In a neighbourhood and city with a wide variety of home ages, a 2011 build is still considered relatively modern. It avoids the major maintenance concerns of much older homes while being established in a mature community with grown landscaping and settled infrastructure.