Property Overview & Appeal
This 2017-built two-storey home in Bridgwater Lakes presents a modern, low-maintenance living option with strong underlying value. Its key characteristic is a recently renovated basement, adding immediate functional space without the need for future projects. The home sits on a generous 6,846 sqft lot, offering more outdoor space than many newer properties in the area.
The appeal lies in its balance of being a relatively new build (minimizing immediate major repairs) within an established, desirable neighbourhood. The data suggests a strong investment profile: it ranks in the top 6% of Winnipeg for living area and top 3% for assessed value, indicating it is a substantially above-average property city-wide. Its sold price history shows consistent and significant appreciation.
This property would suit move-up buyers seeking a modern home in a family-friendly community without the wait and uncertainties of new construction. It’s also ideal for value-conscious buyers who appreciate a home with recent updates (the basement) and solid equity growth, as evidenced by its market history. It offers a "best of both worlds" scenario: newer-home amenities in a neighbourhood that is no longer in its initial development phase.
Frequently Asked Questions
1. How does the lot size compare to others nearby?
At 6,846 sqft, the lot is larger than 44% of others on Clear Spring Road. This means it offers more private outdoor space than many comparable homes in the immediate area, which is a notable advantage in newer communities where lots can be smaller.
2. What does the sold price history indicate about the property's value?
The home sold for $730k in 2021 and then $785k in 2023. This demonstrates strong appreciation over a short period, suggesting the property has held and increased its market value effectively, even through typical market fluctuations.
3. The home is nine years old. Are there any major components nearing the end of their lifespan?
As a 2017 build, major components like the roof, HVAC, and appliances are likely still within their typical serviceable lifespan. However, a proactive buyer should always budget for the eventual replacement of these items, as they will be the first to require attention compared to a brand-new home.
4. The assessed value is $740k, but it last sold for $785k. Why the difference?
Municipal assessed value is for taxation purposes and often lags behind the current market. The recent sale price is a more accurate reflection of its actual market value. The fact the assessed value is high ($740k ranks in the top 3% in Winnipeg) still underscores the property's substantial worth.
5. How does this home fit within the Bridgwater Lakes neighbourhood?
The rankings show it is better than 75% of homes in the neighbourhood for land area and top 20% for assessed value. This positions it as an above-average property within an already sought-after community, offering a premium offering without being an outlier in price or style.