This single-storey home in Bridgwater Lakes, built in 2015, presents a practical opportunity. Its key appeal lies in being a relatively newer build on a spacious lot within a modern Winnipeg community. The detached garage and existing, unrenovated basement offer functional space and potential. However, the home's living area is notably compact compared to others on the street and in the neighbourhood.
The property would suit a first-time buyer or downsizer seeking a low-maintenance, single-level layout in a newer suburban area, who values land size over interior square footage and is comfortable with a home that may require updates. It's less suited for those needing ample above-ground living space or expecting top-tier finishes from the outset.
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Why is the recent sale price so much higher than the assessed value?
The assessed value is for municipal tax purposes and often lags behind the current market. The December 2024 sale price of $530k reflects what a buyer was willing to pay in the active market at that time.
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How does the living space compare to the area?
At 1,350 sqft, the living area ranks in the bottom 5% for both its street and the wider Bridgwater Lakes neighbourhood. Buyers should prioritize a viewing to ensure the layout and room sizes meet their needs.
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What does the lot size offer?
The 4,676 sqft lot is a standout feature, providing ample outdoor space for gardening, play, or future additions like a deck or patio—a valuable asset in a newer community.
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What is the history of value here?
The home has appreciated significantly since its 2016 sale for $385k. The consistent increases suggest a stable investment in a desirable area, though past performance is not a guarantee of future gains.
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Is the basement finished?
No, the basement is noted as "not renovated." This presents both a cost and an opportunity: it will require investment to finish, but allows the next owner to customize the space to their exact preferences.