Property Overview
111 Bellflower Road is a two-storey home built in 2013, situated on a generous 4,251 sqft lot in Winnipeg's Bridgwater Lakes neighbourhood. It features 1,640 sqft of living space, a detached garage, and an unfinished basement. The property presents a specific value proposition, best suited for buyers with a clear vision and willingness to invest in updates.
Key Characteristics & Buyer Profile
The primary appeal of this home lies in its foundational strengths: a relatively modern build (2013) on a large lot in a newer community. Its construction year is notably newer than 90% of Winnipeg homes, suggesting modern building standards and less immediate concern for major system overhauls. The lot size is well above average for the street, offering good outdoor space potential.
However, the data reveals a home that has not kept pace with its immediate neighbourhood in terms of value appreciation. Its last sold price in 2016 ranks at the very bottom of comparable sales in Bridgwater Lakes, and its current assessed value is also in the lower tier for the area. This indicates a property that may require cosmetic or functional updates to align with community standards.
This profile would suit a practical buyer looking for a solid "blank canvas" in a desirable newer suburb. It's ideal for someone who values a modern structure and a large yard over move-in-ready finishes, and who has the budget and desire to personalize the space over time. The unfinished basement represents both a project and an opportunity for tailored additional living space.
Frequently Asked Questions
1. Why is the last sold price ranking so low for the neighbourhood?
The data shows the home last sold in 2016 at a price that ranks below all listed comparable sales in Bridgwater Lakes. This typically suggests the property was sold under unique conditions (e.g., as-is, quick sale) or that its condition or features at that time were not competitive with other homes in the area.
2. What does the mix of rankings tell me about the property?
It tells a story of strong fundamentals but likely dated condition. The home scores very well for its newer build year city-wide and has a large lot, but ranks poorly for value within its own neighbourhood. This often points to a well-built house on a good piece of land that needs modernization to realize its full market potential.
3. Is the unfinished basement a pro or a con?
It depends on the buyer. It's a con for those seeking finished living space immediately. It's a significant pro for buyers who want to customize the layout, insulation, and finishes to their exact needs without paying a premium for someone else's choices or needing to demolish an existing renovation.
4. Who might this property not be suitable for?
It may not suit first-time buyers with no renovation budget, or those seeking a turn-key home where they can simply unpack. It's also likely less appealing to investors looking for immediate high rental yields, as work may be required to command top market rent in this community.
5. How should I interpret the "better than" rankings for the street versus the city?
The home often ranks in the middle or lower third on its own street (e.g., living area better than 39% of Bellflower Road homes) but much higher city-wide (e.g., living area better than 79% of Winnipeg). This confirms Bridgwater Lakes is a community of relatively newer, larger homes, so while this house is average or below average for its immediate block, it remains a sizeable, modern property compared to the entire Winnipeg market.