Property Overview
63 Poplar Point is a modern two-storey home in Bridgwater Forest, built in 2011. Its appeal lies in a combination of above-average space, recent updates, and strong value performance within a newer Winnipeg community. The home sits on a generous 4,562 sqft lot and features a renovated basement and an attached garage.
Key Characteristics & Ideal Buyer
This home stands out for its spaciousness relative to its peers. With over 2,000 sqft of living area, it is larger than approximately 90% of Winnipeg homes and ranks highly on its own street. The fully renovated basement adds significant functional space. A key, less obvious strength is its "newness" ranking; built in 2011, it is newer than 88% of homes citywide, suggesting modern construction standards and less immediate need for major system updates.
Its appeal is grounded in solid, data-backed value. The 2022 sale price of $660k was notably higher than both its assessed value and most comparable sales at the time, performing in the top 4% citywide. This indicates a history of strong market appeal. The property would suit move-up buyers or young families seeking a turn-key home in a newer suburb. It’s ideal for those who prioritize interior space and modern amenities over a premium lot position, as the land area ranks in the middle tier of the neighbourhood. The renovated basement also makes it suitable for buyers wanting flexible space for a home office, gym, or entertainment area.
Frequently Asked Questions
1. How does the lot size compare to others in Bridgwater Forest?
At 4,562 sqft, the lot is larger than about 30% of properties on Poplar Point, placing it in a mid-range position for the street. It offers decent outdoor space but is not considered an exceptionally large lot for the area.
2. The assessed value seems low compared to the last sale price. Why?
The assessed value ($58.7k) is for taxation purposes and is not an indicator of market value. The home last sold in August 2022 for $660k, which is the relevant market benchmark. That sale price was in the top 4% of all Winnipeg sales at the time, demonstrating strong market value.
3. What does the "newness" ranking mean for a buyer?
Built in 2011, this home is newer than 88% of properties in Winnipeg. This generally suggests more contemporary building materials, efficient windows and HVAC systems, and potentially lower maintenance costs in the near term compared to an older home.
4. Is the renovated basement included in the living area square footage?
No. The listed living area of 2,033 sqft typically refers to above-grade, finished space. The renovated basement provides additional, valuable square footage that is not reflected in that primary living area figure.
5. How does this home's size compare to a typical nearby property?
For reference, a similar-aged home nearby at 47 Almington Bay has a living area of 1,448 sqft. This property, at 2,033 sqft, offers approximately 40% more above-grade living space, highlighting its relatively spacious floor plan.