Property Overview
This two-storey home at 2 Tedham Court in Winnipeg's Bridgwater Lakes neighbourhood offers a blend of modern living and established community appeal. Built in 2012, it sits on a generous 5,358 sqft lot and features 2,063 sqft of living space, an attached garage, and a renovated basement.
Key Features & Ideal Buyer
The primary appeal of this property lies in its balance of space, location, and value within a newer area of the city. Its living area is notably spacious, ranking within the top 8% of Winnipeg, making it a substantial home for the price point. The renovated basement adds immediate functional living space without the need for future investment. The lot size is well above average for the street, offering good outdoor potential.
Its strong rankings in assessed value (top 5% in Winnipeg) suggest it is a fiscally sound asset with a history of steady appreciation, as seen in its sold price increases from 2017 to 2021. The home would suit a growing family or professional couple seeking a move-in ready property in a modern, master-planned community like Bridgwater Lakes. It’s particularly suited for buyers who prioritize interior square footage and a finished basement over having a brand-new build, as it offers similar space at a potentially better value than a current-year construction.
A less obvious perspective is its positioning within its immediate circle: while it ranks highly city-wide, its metrics are more moderate within its own neighbourhood and street. This indicates a solid, middle-ground property on a desirable block—not the largest or newest on the court, but one that holds its own with strong city-wide comparisons, potentially offering a "sweet spot" of value without the premium of the absolute top performer on the street.
Frequently Asked Questions
1. How does this home compare to others on the street?
It holds a strong position in lot size and assessed value (ranking 3rd out of 8 on the street) but is middle-of-the-pack for living area and year built. This suggests it's a well-established, valuable property on the block, though not the largest or most recently built.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent to understand the quality and scope of the renovation.
3. Has the property value increased?
Yes. Public sale data shows a clear trajectory, selling for $510k in 2017 and $520k in 2021. Its current assessed value is significantly lower than these past sale prices, which is typical, but the historical data indicates a stable market performance.
4. Is Bridgwater Lakes a family-friendly area?
As part of the wider Bridgwater master-planned community, the area is designed with families in mind, featuring parks, pathways, and nearby amenities. The specific Bridgwater Lakes sub-area is known for its ponds and green spaces.
5. Why is the assessed value so different from the last sale price?
Municipal assessed value for property tax purposes is not a direct indicator of market value. It is a mass appraisal based on historical data and formulas. The market value is determined by current buyer demand, condition, and recent comparable sales, which the 2021 sale price better reflects.