Property Overview: 16 Red Spruce Road, Bridgwater Lakes
Key Characteristics & Ideal Buyer
This home is a 2014-built two-storey in the modern Bridgwater Lakes neighbourhood, offering a balance of newer construction and established community living. Its key features include a 1,680 sqft living area, a full (unrenovated) basement, a detached garage, and a generous 4,744 sqft lot. The appeal lies in its relative value within a desirable, master-planned area known for its trails, lakes, and amenities. The home ranks notably well for its age compared to most of Winnipeg, suggesting a solid, modern build without the premium of a brand-new property.
This property would suit first-time buyers or young families looking for a turnkey home in a contemporary neighbourhood without the highest price point. It also presents a practical opportunity for value-conscious buyers who see potential in the unfinished basement for future customization. A less obvious perspective is its appeal to those who prioritize lot size; in newer communities, a near 5,000 sqft lot offers more outdoor space than many recent builds. However, buyers should note that the home’s assessed and recent sold values rank lower than many immediate neighbours, which could indicate a more competitive price point or warrant closer inspection during a viewing.
Frequently Asked Questions
1. How does this home’s value compare to others on the street?
The assessed value ranks in the lower third (top 88%) on Red Spruce Road, and it sold for a price that ranked near the bottom of the street in 2021. This suggests it may be priced more accessibly than some direct neighbours.
2. What does the "unrenovated basement" mean?
It indicates the basement is finished as a usable living space but has not been recently updated. It’s a blank canvas that is functional but may reflect an older style, allowing the next owner to customize it to their taste over time.
3. Is Bridgwater Lakes a good neighbourhood for families?
Yes, it’s a popular, master-planned community with parks, water features, and pathways. The 2014 build date means the area is now well-established with mature landscaping, unlike brand-new subdivisions.
4. Why is there a significant difference between the Assessed Value and the 2021 Sold price?
The 2021 sold price of $48.5k is a historical figure and not a current market price. The current Assessed Value of $50.80k is for municipal tax purposes and is also not a direct indicator of market value. A professional appraisal or comparative market analysis is needed for today’s value.
5. What are the implications of a detached garage?
It provides flexible yard space and separation from the house, which some prefer for noise or hobby work. The trade-off is convenience, as you must go outside to access your vehicle, which can be a consideration during Winnipeg winters.