Property Overview: 57 Oak Lawn Road, Bridgwater Forest
Key Characteristics & Appeal
This well-maintained, single-storey home in the popular Bridgwater Forest community offers a compelling blend of modern convenience and established value. Built in 2015, the property sits on a generous 6,294 sqft lot, providing ample outdoor space that ranks in the top third for the street. Its key features include a renovated basement and an attached garage. The home’s true standout, however, is its financial and positional strength. With an assessed value that places it in the top 7% of its neighbourhood and a previous sale price that ranked in the top 5%, it demonstrates a history of holding and increasing value relative to its peers. Its appeal lies in this solid foundation—it’s a move-in ready home in a sought-after, family-friendly area that has already proven to be a sound investment. This property would suit pragmatic buyers looking for a low-maintenance, single-level layout, as well as value-conscious purchasers who prioritize statistical indicators of a home’s market performance and long-term equity potential within a newer community.
Frequently Asked Questions
1. How does the living space compare to other homes in the area?
At 1,885 sqft, the living area is above average for Winnipeg overall (top 12%) but more moderate within its immediate street and neighbourhood. This suggests a home that prioritizes lot size and community positioning, ideal for those who value outdoor space.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent to understand if it’s a finished recreational space, contains additional bedrooms, or serves another purpose.
3. The assessed value is significantly lower than the last sale price. Why?
This is common. Municipal assessed value for property tax purposes often lags behind market value and is calculated using different criteria. The 2022 sale price of $1,030,000 is a much stronger indicator of the home’s recent market value.
4. Is the property a good investment based on this data?
The metrics provided are strongly positive. The home ranks in the top percentiles for year built, assessed value, and past sale price in every geographic category (street, neighbourhood, city). This indicates a property that has consistently outperformed a majority of comparable homes, a good sign for resale value.
5. What is the significance of the lot size ranking?
The lot is larger than 67% of those on Oak Lawn Road. In a newer community where lots can be similar, this offers a relative advantage in privacy, outdoor living potential, and future appeal, as larger lots are often less available in newer subdivisions.