Property Overview
This two-storey home in Bridgwater Lakes is a modern, low-maintenance property built in 2019. Its appeal lies in a combination of newer construction, above-average living space, and a generous lot. The home sits on an 8,402 sqft parcel, which is notably larger than most in the immediate area, offering more outdoor space than typical for the neighbourhood. Inside, the 2,225 sqft living area has been updated with a renovated basement, adding to its functional space. Recent sale and assessment data suggest it is a high-performing property within Winnipeg, ranking in the top tiers for value and desirability compared to city-wide benchmarks.
It would suit a young family or professional couple looking for a move-in ready home in a planned community, who value both indoor updates and outdoor room to grow. The strong rankings against neighbours also make it a sensible choice for buyers with an eye on long-term value retention and market appeal.
Key Questions for Buyers
1. What does the ranking data actually mean?
The percentages (e.g., "Better than 90% in Winnipeg") show how this property compares to others in specific categories like lot size or assessed value. Essentially, it performs well above average in the broader market, particularly in value and newness, which can indicate strong past investment and future resale potential.
2. Is the renovated basement a legal suite?
The details provided state the basement is renovated but do not specify if it's a legal secondary suite. This is a crucial point to verify with the listing agent or city records, as it impacts value, insurance, and potential rental income.
3. Why is the lot size a standout feature?
In newer neighbourhoods like Bridgwater Lakes, lot sizes can be compact. This property's lot is larger than 82% of those on its street, offering more private yard space—a valuable and less common asset in this community.
4. How does the recent sale price compare to the assessment?
The home sold for $87.50k above its $72.40k assessed value. This significant difference is common and reflects current market value, whereas the assessment is for tax purposes and often lags behind hot market sales.
5. What is the community of Bridgwater Lakes like?
As a planned community in Waverley West, it typically offers newer amenities, parks, and pathways. The specific location on Springwater Road suggests a quiet, family-oriented street, but visiting at different times of day is recommended to gauge traffic and neighbourhood activity.