Property Overview
This two-storey home in Bridgwater Lakes, built in 2015, presents a compelling mix of modern comfort and established value. Its key appeal lies in its above-average size and recent renovations within a relatively new community. The 2,364 sqft living area is notably spacious, ranking in the top tier for its street, neighbourhood, and the wider city. The home sits on a generous 5,433 sqft lot and features an attached garage and a renovated basement, adding functional living space. Its assessed value has risen significantly since its last sale in 2016, indicating strong appreciation.
The property is well-suited for growing families or professionals seeking a move-in ready home in a modern suburb without the premium of a brand-new build. It offers the balance of a home that’s past its initial settling-in phase but still contemporary, with updates already addressed. A thoughtful perspective is its positioning within a newer area; while the home itself is established, the surrounding community of Bridgwater Lakes is still maturing, which can mean evolving amenities and streetscapes. Buyers who value space, modern finishes, and a sound financial history in a newer neighbourhood will find this a strong candidate.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A prospective buyer should inquire about the finishes, the presence of a bathroom or kitchenette, and whether it includes legal egress windows to understand its full functionality and value.
2. How does the 2016 sale price compare to today's value?
The home sold for $53.5k in 2016 and now carries an assessed value of $73.6k. This represents significant appreciation. It's important to note that assessed value is for tax purposes; a market evaluation or comparative market analysis (CMA) from a realtor will provide the current expected sale price.
3. The home ranks highly for size, but what about the lot?
The land area of 5,433 sqft is above average for the street (better than 33%), but not in the top tier. This suggests a comfortably sized yard typical for the area, but not an exceptionally large one. The ranking indicates many neighbouring properties have similarly sized or larger lots.
4. What is the significance of the "Year Built" ranking?
Built in 2015, this home is newer than 92% of properties in Winnipeg, but only newer than 66% in its own neighbourhood. This highlights that Bridgwater Lakes is a relatively new community overall, so while the home is modern, it is not necessarily the newest on its block.
5. Are the nearby and similarly valued properties good comparables?
The listed properties with similar assessed values ($73.6k) are in various neighbourhoods, indicating this is a common assessment bracket for modern, mid-sized homes in Winnipeg's newer suburbs. The direct neighbours on Red Spruce Road would be more critical for understanding street-specific value and character.