Property Overview: 195 Creekside Road, Bridgwater Lakes
Key Characteristics & Appeal
This is a modern, two-storey home built in 2019, offering a move-in-ready foundation in the popular Bridgwater Lakes community. Its key appeal lies in its balance of newer construction and established neighbourhood living. The home features a functional 1,761 sqft layout with an attached garage and a full, unrenovated basement that presents a clean canvas for future expansion or storage. The lot is a generous size for the area at nearly 5,000 sqft.
The property’s standout characteristic is its relative newness within its context. It is newer than approximately 95% of homes in Bridgwater Lakes and 96% across Winnipeg, suggesting less immediate concern for major system replacements. However, the data presents an interesting perspective: while the home is very new compared to the wider city, its 2022 sale price ranks higher than its current assessed value ranking within its immediate street and neighbourhood. This may indicate a premium for its modern build in a sought-after area, or simply reflect typical market fluctuations.
This home would suit first-time buyers or young families seeking a modern, low-maintenance property without the wait and uncertainties of new construction. It’s also a practical choice for buyers who value a large lot and see potential in a basement they can customize to their own taste over time, rather than paying for a finished layout they might want to change.
Frequently Asked Questions
1. How does the assessed value compare to the likely market price?
The home’s assessed value is $56,400, but it last sold for $670,000 in June 2022. Assessments are for tax purposes and often lag behind market values, especially for newer homes in high-demand neighbourhoods. The previous sale price is a more relevant benchmark for current market value.
2. Is the basement finished?
No, the basement is described as “not renovated.” It is a full, unfinished space, offering potential for future living space, a recreation room, or ample storage, but it would require investment to finish.
3. What do the ranking percentages mean?
The rankings compare this property against others on the same street, in Bridgwater Lakes, and in all of Winnipeg. For example, “Better than 95% in neighbourhood” for year built means this home is newer than 95% of properties in Bridgwater Lakes. A “Top 5%” rank is very high, while a “Top 85%” rank means it falls in the bottom 15% for that specific metric among the comparison group.
4. How does the living space compare to nearby homes?
At 1,761 sqft, the living area is somewhat modest relative to some immediate neighbours. For reference, a similar nearby home at 180 Creekside Road is slightly larger at 1,942 sqft. This suggests the floor plan may be efficient, and the value is bolstered by the newer build and larger lot.
5. What is the community of Bridgwater Lakes like?
Bridgwater Lakes is a master-planned community in Waverley West, known for its parks, pathways, and water features. It’s a family-oriented area with newer amenities, offering a suburban feel with modern infrastructure. The high ranking of this home’s age within the neighbourhood confirms it’s one of the newer subdivisions in Winnipeg.