Property Overview: 164 Red Spruce Road, Bridgwater Lakes
Section 1: Key Characteristics & Appeal
This is a modern, two-storey home built in 2016, situated on a generous lot in the popular Bridgwater Lakes community. Its primary appeal lies in its balance of contemporary living and established neighbourhood charm. The home features a renovated basement and an attached garage, catering to practical needs for space and storage.
The property’s data reveals a nuanced position. While its living space is above average for Winnipeg, it sits in the middle range for its immediate street and neighbourhood, suggesting a comfortable size without being oversized. The standout metrics are its age and assessed value; it is newer than over 90% of homes in Winnipeg and ranks in the top 10% for its assessed value, indicating a well-regarded and modern asset with strong fiscal fundamentals. This combination suits buyers seeking a relatively new build that requires minimal immediate work, in a community with mature amenities. It would particularly fit young families or professionals who value a modern floor plan, the potential of a finished basement, and a property that holds a strong position in broader city comparisons, even if it isn't the largest on its block.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to recent sales?
The home last sold in October 2021 for $57.60k, and its current assessed value is $57.10k. This close alignment suggests stable value in recent years.
2. Is the lot size typical for the area?
At over 5,400 sqft, the land area is larger than average for the street, offering more outdoor space than two-thirds of the immediate neighbours.
3. What does the "rank by year" data mean for maintenance?
Being newer than 93% of Winnipeg homes means major structural components like the roof, windows, and HVAC are likely still within their typical lifespan, potentially reducing near-term capital repair costs.
4. The 2016 sale price seems high. Why is that?
The recorded sale price of $420k in March 2016 likely reflects the original purchase price when the home was newly built, which is not directly comparable to the assessed value figures.
5. How does the living space compare to nearby similar-value homes?
The 1,833 sqft living area is specific to this property. The listed "similar assessed value" homes are in different neighbourhoods, meaning value is influenced by more than square footage alone, including factors like location, lot size, and condition.