Property Overview
This two-storey home in Bridgwater Forest, built in 2011, presents a balanced offering for buyers seeking a modern, low-maintenance property in a well-regarded community. Its key appeal lies in its recent, tasteful renovation and its strong performance in key metrics compared to the broader market. The home sits on a 5,030 sqft lot and features 2,054 sqft of living space, an attached garage, and a renovated basement.
Key Characteristics & Ideal Buyer
The home’s standout feature is its extensively renovated basement, which adds significant functional living space. While the lot size is average for the immediate street, the living area is notably spacious, ranking within the top 10% of all Winnipeg homes. The property’s financial metrics are particularly strong; its last sale price in April 2023 and its current assessed value both rank in the top 6% of the city, suggesting a history of solid value retention and appeal.
Its appeal is multifaceted: it offers move-in readiness due to the renovation, the desirable modern construction of the 2010s, and the established, family-friendly atmosphere of Bridgwater Forest. This property would best suit young families or professionals looking for a turnkey home without the premium price tag of a brand-new build. It also represents a prudent choice for value-conscious buyers who appreciate data-backed metrics, as its high rankings for value and living space against city-wide comparables indicate a sound investment relative to the market.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s last sold price ranks better than 66% of similar properties in Bridgwater Forest, placing it in the top third of the neighbourhood. This suggests it is valued higher than many direct comparables, likely reflecting its renovated condition and above-average living space.
2. Is the lot size a limitation?
At just over 5,000 sqft, the lot is typical for the street but not oversized. For buyers prioritizing low yard maintenance or who value interior space over extensive outdoor space, this is a suitable fit. Those seeking a large garden or expansive private outdoor area may find it limiting.
3. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the quality of finishes, the permits pulled for the work, and the new layout’s functionality (e.g., whether it includes a legal suite, additional bedrooms, or a recreational space).
4. Given it sold in 2023, why is it back on the market?
The reason for the quick turnaround is not provided in the data. It could range from a simple change in the owner’s circumstances to an investor flipping the property. Reviewing the sale history and any disclosed seller information would be essential.
5. How does the age of the home (15 years) factor in?
Built in 2011, the home is past its brand-new warranty period but is still considered modern. Major components like the roof, HVAC, and appliances may be nearing mid-life, so potential buyers should budget for eventual updates, while still benefiting from a contemporary floor plan and building standards.