Property Overview
This two-storey home on a generous lot in Bridgwater Lakes offers a blend of established comfort and modern updates. Its key appeal lies in its renovated basement, which adds valuable finished living space to the 1,485 sqft main footprint. Built in 2012, the home is newer than the vast majority of Winnipeg properties, suggesting good modern construction standards. The detached garage and a land area larger than most on its street provide practical suburban living.
The home would suit first-time buyers or young families looking for a move-in-ready property in a planned community, where the major systems are still relatively young. It also appeals to value-conscious buyers who prioritize a larger lot and finished space over having the absolute newest build on the block. A thoughtful perspective: while the interior living area is modest for the neighbourhood, the renovated basement and above-average lot size offer a balance, providing room to grow without the premium price of a larger above-ground footprint.
Key Details & FAQs
Key Characteristics & Appeal
- Modern Foundation in an Established Area: Built in 2012, the home is past its initial settling period but is still a newer property compared to most of Winnipeg, potentially minimizing immediate major repair concerns.
- Expanded Living Space: The recently renovated basement effectively increases the usable living area, a significant advantage for the square footage.
- Lot Size & Layout: The 4,252 sqft lot is larger than many in the immediate area, offering more outdoor space for gardening, play, or entertaining.
- Target Buyer: Ideal for practical buyers seeking a balanced offering—a modern, low-maintenance home with extra finished space and outdoor room, situated in a popular planned community.
Frequently Asked Questions
1. How does the value of this home compare to the area?
The current assessed value is higher than 85% of Winnipeg but ranks in the middle tier for its specific street and neighbourhood. This suggests it is a solid, average-valued property within the desirable Bridgwater Lakes area.
2. The home sold in 2019 for $38.4k. What does that mean?
The 2019 sale price is not a market sale; it is likely a title transfer for a nominal amount (e.g., between family members or as part of a refinancing). The current assessed value of $51.8k is the relevant figure for municipal valuation.
3. Is the living space smaller than other homes nearby?
Yes. The 1,485 sqft living area is below the neighbourhood average. However, this is offset by the renovated basement, which adds significant functional space not reflected in the official above-grade square footage.
4. What are the less obvious points to consider?
While newer than most city homes, it is now 14 years old. Prospective buyers should focus inspection on components with a ~15-year lifespan, such as the roof, HVAC, and major appliances. The "rank by year" data shows it is one of the older homes on its street, which may affect future resale among newer builds.
5. Who might this property not suit?
Buyers seeking a brand-new home or the largest above-ground square footage in the neighbourhood may find it less suitable. It’s best for those who value the combination of a modern-enough build, a larger lot, and smartly utilized space—including the finished basement.