Property Overview & Appeal
This two-storey home in Bridgwater Lakes is a modern, well-sized property built in 2015. Its key characteristic is its above-average scale and established value within a newer community. With 2,582 sqft of living space, it ranks in the top 3% of homes on its street for size and sits on a nearly 6,000 sqft lot. The home features a renovated basement and an attached garage. Its appeal lies in a combination of space, modern age, and strong market positioning. The data shows consistent value growth, with sold prices rising from $83.5k in 2021 to $87.5k in 2023, and it currently ranks in the top 2-3% of Winnipeg for both assessed value and recent sale price relative to its peers. This isn't just a large home; it's a statistically high-performing asset in its category.
It would suit buyers looking for a move-in ready, spacious family home in a planned neighbourhood without the uncertainties of a brand-new build. It's particularly suited for those who value quantifiable metrics—seeing a home that outperforms most of its local and city-wide comparables in size, value, and newness can provide confidence. The renovated basement adds flexible living space, appealing to those who work from home or desire separate entertainment areas.
Key Considerations & FAQs
1. What does the "ranking" data actually mean?
The percentile rankings compare this home to others on its street, in Bridgwater Lakes, and across all of Winnipeg. For example, being "better than 97% in same street" for living area means only 3% of homes on Red Spruce Road are larger. It's a quick way to gauge how this property stands out in specific metrics.
2. The assessed value is listed as $81.10k. Is that the market value?
No, this appears to be a truncated figure for comparison purposes only. The recent sale price of $87.5k in 2023 is a more direct indicator of market value. The assessment is used by the city for tax purposes and, in this context, primarily to show how the property ranks against others.
3. How stable has the property's value been?
The sold price history shows appreciable growth over a short period, increasing by approximately 4.8% between August 2021 and July 2023. This suggests a stable and rising value trajectory in its market segment.
4. What is the community of Bridgwater Lakes like?
Bridgwater Lakes is a master-planned community in Winnipeg known for newer homes, parks, and waterways. This home, built in 2015, is part of the earlier phases, meaning the neighbourhood is now well-established with mature landscaping, unlike the newest construction areas.
5. Are there any obvious drawbacks from this data?
The data doesn't mention updates to main living areas or the roof's condition, which would be expected for a 9-year-old home at the time of the 2023 sale. While the basement is renovated, potential buyers may want to inquire about the age and condition of major systems and main-floor finishes. The lack of a pool may be a consideration for some, but is typical for the area.