Property Overview & Appeal
This two-storey home in Bridgwater Lakes presents a compelling blend of space, modern updates, and established community appeal. Built in 2015, it sits on a large, nearly 8,000 sqft lot, offering more outdoor space than over 90% of properties on its street. The 1,880 sqft living area is complemented by a renovated basement, adding valuable finished space. Key data points highlight its strong standing: it's newer than most homes in Winnipeg, and its last sold price in 2022 ranks in the top 3% city-wide, suggesting a history of solid value appreciation.
The appeal lies in its move-in readiness with the basement renovation, the generous lot size for a newer community, and its consistent high percentile rankings for metrics like assessed value and recent sale price within its immediate area. This isn't just a newer home; it's one that has consistently performed well against its peers.
This property would suit buyers looking for a modern, low-maintenance home in a family-oriented neighbourhood without sacrificing yard space. It’s ideal for those who value both interior updates and outdoor potential, and for purchasers who appreciate clear, quantitative data showing a home's competitive stature in its market.
Frequently Asked Questions
How does the "rank" or percentile data work?
The rankings compare this specific property against all others on its street, in Bridgwater Lakes, and across Winnipeg for metrics like lot size, year built, and value. For example, being "better than 92% in Winnipeg" for year built means it is newer than 92% of homes in the city, a mark of modern construction.
The assessed value seems low compared to the last sold price. Why?
Municipal assessed value for tax purposes is not a market valuation and often lags behind current market prices. The 2022 sale at $730k is a more accurate reflection of its recent market value, and its high percentile rank for assessed value indicates the city's assessment still places it well above average.
What does the lot size mean for a newer neighbourhood like Bridgwater Lakes?
A 7,974 sqft lot is significantly above average for this area, especially for a home built in 2015. This offers more privacy, play space, or landscaping opportunities than typically found in newer subdivisions, where lots are often smaller.
The home sold in 2022 and is now listed again. Is that a concern?
While the reason for the sale should be explored, the data shows the 2022 sale price was exceptionally high for the area (top 1% on the street). This rapid resale isn't inherently negative and could reflect a variety of personal circumstances; the key focus is the premium price it previously commanded.
Are the nearby and "similar assessed value" properties good comparables?
The listed properties are starting points for research. Nearby homes on the same crescent give a sense of the immediate streetscape. The "similar assessed value" list, however, includes homes across Winnipeg with the same tax assessment, not necessarily the same market value, size, or condition, so they are less direct comparables.