111 Appleford Gate

Property Overview: 111 Appleford Gate, Bridgwater Lakes, Winnipeg

Key Characteristics & Appeal

This 2014-built, one-storey home in the Bridgwater Lakes neighbourhood presents a practical and low-maintenance living option. Its key feature is a renovated basement, adding valuable finished space to the 1,179 sqft main floor plan. The property sits on a generous 4,488 sqft lot with a detached garage, offering good outdoor space and flexibility for parking or storage.

The appeal here is grounded in value and convenience within a modern community. While the living area is compact compared to some neighbours, this translates to easier upkeep and lower utility costs. The home’s assessed value ranks highly city-wide (top 17%), suggesting it is viewed as a solid asset. Its history shows steady appreciation, with the 2023 sale price notably higher than its 2019 purchase price. This property would suit first-time buyers seeking a move-in-ready home with a modern foundation, downsizers looking for single-level living without sacrificing yard space, or pragmatic investors attracted by the renovated basement’s income potential and the home’s apparent value retention in a newer suburb.

Frequently Asked Questions

1. Is the living space too small for a family?
While the main floor is modest, the renovated basement effectively doubles the usable living area, creating room for family activities, a home office, or extra bedrooms. The large lot also provides crucial outdoor space for children and entertaining.

2. How does the detached garage impact winter living?
A detached garage means a brief walk to your vehicle in Winnipeg winters. However, it also reduces noise and fumes from entering the home and offers flexibility—the space could potentially be used as a workshop or studio without affecting the main house.

3. The home ranks low for size on its street. Is that a concern?
This indicates the street has larger homes, which can be positive for overall property values. Your taxes and maintenance costs are likely lower than your neighbours’, while you still benefit from the same location and community amenities.

4. What does the significant jump in assessed value indicate?
The sharp increase in assessed value likely reflects the substantial basement renovation and strong market conditions. It’s essential to verify what improvements were made and ensure the renovation was permitted, as this affects both value and insurability.

5. Are the utility costs likely to be manageable?
As a relatively new (2014) and compact one-storey home, it should be energy efficient. The main heating/cooling zone is contained, and modern building codes ensure good insulation, which typically results in reasonable utility bills compared to older or larger properties.