Property Overview
This two-storey home in Bridgwater Lakes is a modern, low-maintenance property built in 2018. Its key appeal lies in its balance of contemporary living and established community. The home features a renovated basement, an attached garage, and a generous 5,351 sqft lot. With over 2,100 sqft of living space, it offers ample room for a growing family or those who enjoy hosting.
The property’s data reveals some nuanced positioning. While its lot size ranks lower on its specific street, it sits comfortably above average for both the neighbourhood and Winnipeg overall. Its true strength is its modernity—it is newer than 95% of Winnipeg homes—and its solid value retention, having sold recently in 2023 for a price well above the assessed value at the time. This suggests a well-kept home in steady demand.
It would suit first-time buyers looking for a move-in-ready home without the worries of an older property, or young families attracted to the parks and pathways of the Bridgwater area. It’s also a sensible choice for value-conscious buyers who prioritize newer construction (and thus lower immediate repair costs) over having the largest property on the block.
Frequently Asked Questions
1. How does the lot size compare practically?
While the lot is larger than most in Winnipeg, it is more average within Bridgwater Lakes and is on the smaller side for Springwater Road itself. This typically means easier yard maintenance but slightly less private outdoor space than some direct neighbours.
2. What does the "renovated basement" include?
The listing confirms the basement is finished but does not specify the details of the renovation. A buyer should inquire whether it includes a legal secondary suite, additional bedrooms, a recreational room, or simply updated finishes.
3. Has the home’s value increased?
The home sold for $69.5k in July 2023, which was notably higher than its $66.1k assessed value at that time. This indicates the market valued it above its official valuation, a positive sign for equity, though current market conditions will determine its present value.
4. Is this a good street in the neighbourhood?
The data provides a relative perspective: homes on this street tend to have larger lots and are older on average. This property is newer than most on the street but has a smaller lot, offering a blend of modern living on a more established block.
5. Who are the typical neighbours?
The provided comparable homes with similar assessed values are located in diverse areas across Winnipeg, from Varsity View to Roblin Park. This indicates that at this price point, buyers are considering a wide range of neighbourhoods, making Bridgwater Lakes a competitive, modern option against more central, older communities.