Property Overview: 203 Creekside Road, Bridgwater Lakes
Key Characteristics & Appeal
This two-storey home in the Bridgwater Lakes neighbourhood is a relatively modern property, built in 2019. Its key characteristics include a generous 2,282 sqft of living space, an attached garage, and a full basement that presents an opportunity for future finishing. The lot is a substantial 5,189 sqft, offering ample outdoor space for a newer community.
The primary appeal lies in its balance of space, age, and location. It is a newer home that avoids the immediate need for major updates, set on a larger-than-average lot in a planned community. The data suggests it outperforms most Winnipeg homes in terms of size and newness, ranking in the top 5% for living area and top 4% for year built city-wide. However, its assessed value ranks notably higher than its recent sale history within its immediate street and neighbourhood, indicating a complex value proposition.
This property would suit buyers looking for a move-in ready, modern family home in a suburban setting, who value spacious lots and are possibly interested in the potential to customize the basement. It may also appeal to those who see long-term value in a newer build within a growing area, even if the current assessed value seems ambitious compared to very recent local sales.
Frequently Asked Questions
1. Why is the current assessed value so much higher than the last sold price in 2019?
Assessed values for tax purposes are based on mass appraisal models and market trends, not individual recent sales. The significant increase reflects overall market appreciation since 2019. Buyers should consider this a municipal valuation for tax calculation, not a direct indicator of current market price.
2. What does the "Top 101%" sale rank on its street mean?
This unusual figure indicates the home's 2019 sale price was lower than every other recorded sale on Creekside Road used in the comparison. It highlights that its purchase price was an outlier at that time, which is important context when considering current value.
3. Is the basement finished?
No, the listing specifies the basement exists but is "not renovated." This represents both a cost-saving on the purchase price and a future opportunity for the buyer to add value and customize the space.
4. How does this home compare to the nearby reference property at 180 Creekside Road?
The reference home is slightly older (2018) and smaller (1,942 sqft), yet has a marginally higher assessed value. This contrast suggests lot placement, specific upgrades, or condition may significantly influence value, and a physical comparison is essential.
5. The rankings show this home is newer and larger than most in Winnipeg, but average within its own neighbourhood. What does this mean?
It indicates you are looking in a desirable, modern suburb where high standards are the norm. You are getting a home that is competitive within its own sought-after area, not just above the city average. This can be a sign of a stable and in-demand community.