Property Overview
This two-storey home in Bridgwater Forest is a well-established property in a modern Winnipeg neighbourhood. Built in 2010, it sits on a generous 4,381 sqft lot and features 1,806 sqft of living space with a renovated basement. Its appeal lies in its balance of space, recent updates, and a strong value position within the broader market. The data suggests it’s a solid, above-average offering for its immediate street and a high-performing asset city-wide, particularly in terms of its assessed and recent sale values ranking in the top 10-15% of Winnipeg. This home would suit practical buyers looking for a move-in-ready property in a planned community, especially those who value a larger lot and a home that has already seen key renovations, eliminating immediate major projects.
Key Characteristics & Suitability
- Strong Value Foundation: The numbers tell a compelling story. While its size and age rank around the middle for the Bridgwater Forest neighbourhood, its assessed value and last sold price (2022) rank in the top third and top 5% city-wide, respectively. This indicates a property that has appreciated well and holds a strong market position compared to Winnipeg overall.
- Space & Upgrades: The combination of a nearly 4,400 sqft lot, over 1,800 sqft of living space (which is large for its street), and a renovated basement offers functional space for families or those who enjoy entertaining. The detached garage adds flexibility.
- Ideal Buyer Profile: This home is an excellent fit for buyers seeking a "sweet spot" – a property that is not brand new but is still modern, with major renovation work (the basement) already completed. It appeals to those who want the amenities and layout of a planned community like Bridgwater Forest without paying a premium for the very newest construction. The strong city-wide value rankings may also attract the attention of value-conscious buyers or those viewing real estate as a long-term asset.
Frequently Asked Questions
1. How does this home truly compare to others in Bridgwater Forest?
While its living area is about average for the neighbourhood, it excels in lot size and value metrics. Its last sale price ranks better than 69% of area homes, suggesting it may offer more premium finishes or a preferable location within the community than a simple square footage comparison shows.
2. The home sold in 2022. What does that recent sale history indicate?
The sale in March 2022 for $64.40k (assessed at $56.60k) occurred near the market's peak. This provides a clear, recent benchmark for its market value, showing strong past appreciation. Current value will be influenced by today's market conditions, but this history demonstrates the property's desirability.
3. What are the implications of having a renovated basement?
This is a significant advantage, as it adds immediate livable space without the need for a future investment or project. It’s important to clarify the scope of the renovation—whether it’s a finished recreational space, includes a bathroom, or has separate entry potential—to understand its full utility.
4. The lot is larger than many on the street. What are the benefits?
A larger lot (4,381 sqft) in a newer community like Bridgwater Forest provides more outdoor privacy, greater potential for landscaping, gardening, or play structures, and often feels less crowded than homes on smaller, tightly packed lots.
5. How should I interpret the various ranking percentages?
Focus on the "Top X%" figures. For example, being in the "Top 11%" for living area on its street means it's larger than most direct neighbours. Crucially, its value rankings ("Top 10%" city-wide for assessment) are consistently stronger than its size or age rankings, highlighting its perceived worth in the market.