Property Overview
This renovated one-storey home in Bridgwater Forest is a study in contrasts. Built in 2012, it offers modern living in a well-established neighbourhood. Its key appeal lies in its move-in readiness, with a renovated basement adding valuable living space. The attached garage and a generous 4,523 sqft lot provide practical suburban comforts. However, the data reveals a nuanced position: while the home is newer than most in Winnipeg and sits on a large lot, its living area is more compact compared to many neighbours. This creates a unique value proposition—it’s a modern, low-maintenance bungalow with ample outdoor space, but not the largest floor plan on the block.
The property would suit first-time buyers or downsizers seeking a single-level layout in a popular community without a major renovation project. It’s also a practical fit for those who prioritize a larger yard for gardening or recreation over a sprawling interior. The significant jump from its 2017 sale price to the current assessed value suggests the area has seen appreciation, which may interest buyers looking for a home with established equity in a growing neighbourhood.
Frequently Asked Questions
Q: How does this home’s size compare to others in Bridgwater Forest?
A: The living area of 1,263 sqft is on the more modest side for the neighbourhood, ranking in the lower 22%. The significant feature is the land size—at over 4,500 sqft, the lot is larger than most, offering valuable outdoor space.
Q: The assessed value seems high relative to the last sale price. What does this indicate?
A: The assessed value is notably higher than the 2017 sale price. This typically reflects strong market appreciation in the area over the past seven years and the value added by the basement renovation, but it’s not a direct predictor of final sale price.
Q: Is the home’s age a positive feature?
A: Yes. Built in 2012, it is newer than approximately 89% of homes in Winnipeg, meaning major components like the roof, windows, and mechanical systems are likely still within their typical lifespan, reducing near-term repair costs.
Q: What is the neighbourhood ranking based on?
A: The rankings compare this specific property against others on its street, in Bridgwater Forest, and across Winnipeg for metrics like lot size, year built, and assessed value. They provide context, showing, for instance, that while the lot is large city-wide, the living space is more compact within the immediate area.
Q: Who might this property not suit?
A: Buyers needing extensive room to grow a family within the main floor living area may find the layout limiting. It’s better suited for those comfortable with a efficient floor plan who value the renovated condition and the potential of the basement and yard.