Property Summary: 177 Springwater Road, Bridgwater Lakes
Section 1: Overview & Appeal
This well-presented, modern one-storey home in the popular Bridgwater Lakes community offers a blend of newer construction and established convenience. Built in 2019, it sits on a generous lot and features a renovated basement and an attached garage. Its key appeal lies in its strong value proposition within a desirable neighbourhood. The home ranks highly for its newer age, lot size, and notably its assessed value, which places it in the top tier compared to most of Winnipeg. This suggests a property that has been well-maintained and is positioned favorably in the market.
The home would suit buyers seeking a move-in ready, single-level living space in a family-oriented area. It’s particularly appealing to those who prioritize a modern build with a finished basement for extra living space, and to value-conscious buyers who appreciate a property with a strong assessed value relative to its community and the wider city. A less obvious perspective is its potential for buyers looking for a "set-and-forget" home in terms of major systems, given its age, while also offering the blank canvas of a renovated basement to personalize.
Section 2: Frequently Asked Questions
1. What does the high assessed value ranking actually mean?
The home’s assessed value is higher than 99% of properties in Winnipeg, indicating it is officially valued among the top tier in the city. This often reflects factors like lot size, building quality, improvements, and desirability of the location.
2. How does the living space compare to the neighbourhood?
At 1,838 sqft, the living area is somewhat above average for Winnipeg but is more typical for Bridgwater Lakes. It offers comfortable space for a family, though it’s not the largest floor plan available in the immediate area.
3. The home is newer, but what about the neighbourhood's development?
Bridgwater Lakes is an established community, so while this home is only 7 years old, the area itself is past the early construction phase. You benefit from mature landscaping and settled infrastructure without the concerns of a brand-new subdivision.
4. What is the significance of the lot size?
At nearly 5,900 sqft, the lot is larger than many in the area. This provides more private outdoor space, potential for gardening, and a greater sense of separation from neighbours—a valuable feature in suburban communities.
5. Based on the data, has this property appreciated?
Yes. The last recorded sale was in 2019 for $77.20k, and the current assessed value is $95.10k. This indicates significant appreciation, consistent with the broader growth trend in the Bridgwater area and Winnipeg’s newer communities over that period.