Property Overview & Key Characteristics
This two-storey home in Bridgwater Lakes, built in 2016, presents a modern and well-maintained offering. Its key appeal lies in a combination of above-average size, a desirable newer build, and strong value retention. The 2,227 sqft living area is larger than approximately 95% of Winnipeg homes, situated on a generous 6,525 sqft lot. A significant feature is the renovated basement, adding functional living space. The home's assessed value of $755,000 ranks within the top 3% of the city, and its recent sale history shows consistent, high-value transactions, suggesting a stable and coveted property in its area.
The property would suit buyers looking for a move-in ready, modern family home in a planned community, who value space and a track record of strong market performance. It's particularly suited for those who appreciate a home that not only meets current needs but has also demonstrated notable equity growth, making it a prudent choice for both lifestyle and investment-minded purchasers.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A viewing or inquiry with the listing agent is necessary to determine if it includes additional bedrooms, a living area, a bathroom, or specific premium features.
2. How does the recent sale history affect the current price?
The home sold for $850,000 in August 2021 and $835,000 in October 2021, both figures well above the current assessed value. This history indicates the property has commanded premium prices in the recent past, which will likely be a key factor in the seller's pricing strategy and in buyer comparisons for the current listing.
3. Is the property in a flood-prone area?
The home is located in the Bridgwater Lakes neighbourhood, which is part of the newer Waverley West development. These communities were constructed with modern flood mitigation infrastructure. However, for absolute certainty, buyers should conduct due diligence, review any applicable community reports, and consider a property-specific review.
4. What are the annual property taxes?
The annual property tax is not provided in this data. It can be calculated approximately by applying the current City of Winnipeg mill rate to the assessed value ($755,000), but the exact amount should be verified through the city's tax assessment office or the listing agent.
5. Why is the assessed value different from the recent sale prices?
Municipal assessed value for taxation purposes often lags behind the current market and is based on mass appraisal techniques. The significant difference here (assessed at $755,000 vs. recent sales near $850k) suggests the market has historically valued this specific property higher than the city's assessment, a point for buyers to discuss with their real estate professional when formulating an offer.