Property Overview: 116 Red Spruce Road, Bridgwater Lakes
Key Characteristics & Appeal
This well-situated two-storey home in the popular Bridgwater Lakes community offers a compelling blend of space, modernity, and location. Built in 2014, it presents a relatively newer construction within the Winnipeg market. The property stands out for its generous proportions, with a living area of over 2,300 sqft that ranks within the top tier for the city, and a large 6,000+ sqft lot. It features an attached garage and a basement (not renovated), providing ample room for storage or future customization.
The appeal lies in its strong positional metrics. It performs notably well against city-wide benchmarks, ranking better than most Winnipeg homes for living space, assessed value, and year built. This suggests a property that is above average in key desirability factors. The neighbourhood itself, Bridgwater Lakes, is a sought-after modern development. The home would suit growing families or professionals seeking a move-in ready house in a contemporary community without the premium of a brand-new build. It also presents a solid opportunity for buyers who value a large lot and see potential in a basement awaiting their personal finish.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home was last sold in May 2021 for $550,000. Its current assessed value is notably different at $616,000. It's important to consult with a real estate professional to understand current market conditions and how both figures might relate to today's listing price.
2. Is the basement finished?
No, the basement is described as "not renovated," meaning it is likely an unfinished space awaiting development, which offers future living space potential.
3. What do the ranking percentages (e.g., "Top 29% in Winnipeg") actually mean?
These rankings compare this specific property metric (like living area or year built) against all listed properties in the given area. For example, ranking in the "Top 4% in Winnipeg" for living area means 96% of Winnipeg homes in the comparison have less living space. It's a useful tool for understanding how the home stacks up quantitatively.
4. The home ranks highly city-wide but lower within its own street. Should I be concerned?
This is a nuanced point. It often indicates the home is on a very desirable street or in a premium neighbourhood where the average home is exceptional. The property still holds its own with strong city-wide rankings, suggesting you are buying into a high-caliber area.
5. What are the property taxes?
The detailed tax amount is not provided in this summary, but it would be calculated based on the assessed value of $616,000 and the City of Winnipeg's mill rate. Your real estate agent or the city's tax calculator can provide an accurate estimate.