Property Overview: 7 Hawkstone Street, Bridgwater Forest
Key Characteristics & Appeal
This two-storey home in the popular Bridgwater Forest neighbourhood offers modern living in a well-established community. Built in 2011, it sits on a generous 5,791 sqft lot and features 2,220 sqft of living space, an attached garage, and a basement awaiting personalization. Its core appeal lies in its balance of space, location, and value within a newer area of Winnipeg.
The home’s standout feature is its strong performance in key city-wide metrics. It ranks in the top 6% of Winnipeg for living area and the top 5% for its most recent sold price, indicating it offers more space and has commanded a higher value than the vast majority of homes in the city. While its assessed value is modest in comparison, the significant jump in sale price from 2019 to 2024 suggests the property is in a rising, in-demand area.
This property would suit a few buyer types perfectly. First, it’s ideal for a growing family seeking spacious, modern construction in a community with parks and pathways. Second, it appeals to value-conscious buyers looking for a home with solid fundamentals in a newer neighbourhood, who see the unfinished basement as a canvas for future equity growth rather than a drawback. It may also attract those who appreciate a home that has already demonstrated strong market momentum, as evidenced by its sales history.
Frequently Asked Questions
1. How does the sold price history affect current value?
The home sold for $640,000 in July 2024, a substantial increase from its $502,000 sale in July 2019. This strong appreciation over five years highlights the area's demand and suggests a confident recent market valuation, though it's always wise to have a current comparative market analysis done.
2. Why is the assessed value significantly lower than the recent sold price?
Municipal assessed value for taxation purposes often lags behind the current market and is based on mass appraisal methods. The sold price is a direct reflection of what a buyer was willing to pay in the open market at that time, which is typically a more accurate indicator of current value.
3. What does the "top percentile" ranking mean for a buyer?
These rankings compare this property against all others in Winnipeg, its neighbourhood, and its street for specific metrics. For example, ranking in the top 6% city-wide for living area means this home is larger than 94% of Winnipeg properties. This provides concrete, data-driven context for its size and recent sale price relative to the broader market.
4. The basement is noted as "not renovated." What should I consider?
This means the lower level is unfinished or in a basic state. While it requires an investment to complete, it also offers the next owner the opportunity to customize the space to their exact needs—like a rec room, home gym, or additional bedroom—without needing to undo someone else’s renovations.
5. Is the lot size typical for Bridgwater Forest?
With a land area of 5,791 sqft, this lot is larger than 71% of others on Hawkstone Street, making it an above-average sized parcel for the immediate area. This offers more outdoor space for gardening, play, or entertaining compared to many neighbouring properties.