Property Overview
111 Creekside Road is a modern two-storey home in the Bridgwater Lakes neighbourhood, built in 2022. Its primary appeal lies in its balance of new construction benefits and established community living. The home sits on a generous 6,303 sqft lot, which is larger than most in the area, offering ample outdoor space that is increasingly rare in newer subdivisions. With 2,221 sqft of living space and an attached garage, it provides a practical layout for contemporary living. A key characteristic is the existing, unfinished basement, which presents a clear opportunity for future expansion and customization to suit a buyer's specific needs, rather than paying a premium for someone else's renovations.
This property is ideally suited for young families or professionals seeking a move-in ready home without the concerns of aging infrastructure, as everything from the roof to the major systems is essentially new. It also appeals to value-conscious buyers who see potential in personalizing the basement over time, effectively allowing them to add equity through a future project. The strong rankings in assessed value growth since its 2022 sale suggest it's situated in a desirable pocket of the community, making it a solid choice for those looking for a home with a stable foundation in a well-regarded area.
Frequently Asked Questions
1. Is the basement developed?
No, the basement is unfinished. This is a key feature for buyers looking for the opportunity to customize additional living space—such as a rec room, home office, or extra bedroom—to their own specifications and budget in the future.
2. How does the lot size compare to others?
The lot is 6,303 sqft, which is larger than approximately 72% of lots on the same street. This means you're getting more outdoor space than is typical for this newer neighbourhood, a significant advantage for gardening, play, or entertaining.
3. What does the "assessed value" ranking mean?
The assessed value of $67,600k is higher than 96% of properties in Winnipeg, placing it in the top 4%. This indicates the municipal assessment views this property as being in a desirable location with valuable characteristics, which is a positive indicator for long-term value.
4. The home was recently sold in 2022. Why is it back on the market?
While the specific reason isn't provided, a resale of a nearly new home is common and can be due to many neutral factors like a job relocation, change in family circumstances, or an upgrade. The short ownership period means the home has had very little wear and tear.
5. Are there any immediate major expenses to anticipate?
Given the home was built in 2022, all major components (roof, HVAC, appliances, etc.) are under warranty or have most of their lifespan remaining. This translates to predictable costs for the next several years, a major advantage over older homes.