Property Overview: 231 Creekside Road, Bridgwater Lakes
Key Features & Ideal Buyer
This well-maintained one-storey home in the popular Bridgwater Lakes community offers modern convenience in a family-oriented neighbourhood. Built in 2018, its key characteristic is a recently renovated basement, adding valuable finished living space to the 1,350 sqft main floor. The home sits on a generous, nearly 5,000 sqft lot and includes an attached garage.
Its primary appeal lies in its balance of being a relatively newer build with established landscaping and neighbourhood maturity, avoiding the raw feel of a brand-new subdivision. The renovated basement immediately boosts its functional space for living or storage. The data suggests a strong value proposition: while its living area is modest for the street, its assessed value ranks highly city-wide, indicating it may be a competitively priced entry into a desirable area. This property would best suit first-time buyers, small families, or downsizers seeking a modern, low-maintenance single-level layout in a vibrant community, without the premium price tag of a larger home on the same street.
Frequently Asked Questions
1. How does this home compare in size to others on the street?
At 1,350 sqft, the living area is more compact than most homes on Creekside Road, ranking in the bottom 1% for the street. This is reflected in its accessible price point, offering an opportunity to live in the neighbourhood at a lower entry cost.
2. What does the "renovated basement" entail?
The listing confirms the basement is finished but does not specify the details of the renovation. A viewing is essential to assess the quality, layout, and permitted status of the work to understand how it adds to the home’s livable space.
3. The assessed value seems low. Is that accurate?
The $55.4k figure is the provincially assessed value for taxation purposes, not the market value or listing price. Market value is typically significantly higher. Its high city-wide ranking (top 11%) indicates the assessment is strong compared to Winnipeg overall.
4. Is the lot a good size for the area?
Yes. The 4,954 sqft lot is above average for the neighbourhood, ranking in the top 25%. This provides good outdoor space relative to many newer communities.
5. The home sold in 2020. What does that history tell us?
It sold for $45.7k in September 2020. The large increase to its current assessed value ($55.4k) aligns with broader market trends over that period. This history shows it has been a relatively recent turnover, not a long-held property.