Property Overview
This two-storey home at 267 Creekside Road in Bridgwater Lakes presents a modern, low-maintenance living option in a sought-after Winnipeg community. Built in 2018, it offers a turnkey solution with an updated basement and attached garage on a generous lot. Its primary appeal lies in its balance of contemporary build quality, established neighbourhood amenities, and recent value appreciation, as evidenced by its 2023 sale price significantly exceeding its current assessed value. This home is well-suited for young professionals, growing families, or downsizers seeking a newer property without the wait and uncertainties of new construction, within a community known for its pathways and lakes.
Key Details & Suitability
- Key Characteristics: An 8-year-old two-storey with 1,822 sqft of living space, a renovated basement, and an attached garage. The 5,701 sqft lot is larger than over half of those on the street. The home ranks highly for its newer age (newer than 95% of Winnipeg) and its recent sold price (higher than 97% of Winnipeg when it sold in July 2023).
- Primary Appeal: Move-in readiness combined with the benefits of a modern build. The renovated basement adds immediate functional space. The property’s strong performance in sale price versus assessment suggests it is in a desirable micro-location within Bridgwater Lakes. Buyers gain access to an established community landscape without the initial landscaping and development phases typical of brand-new builds.
- Ideal Buyer: This property suits buyers prioritizing a contemporary home in a family-friendly neighbourhood. It’s an efficient choice for those who want modern layouts and efficiencies but prefer a yard and neighbourhood that already feel settled. The data indicates it may particularly appeal to value-conscious buyers who recognize the advantage of a home that has already demonstrated robust market performance.
Frequently Asked Questions
1. How does the 2023 sale price compare to today's value?
The home sold for $71,700 in July 2023, a price that ranked higher than 97% of Winnipeg properties at that time. The current assessed value is $61,500. This notable difference may reflect a strong previous sale, specific upgrades, or market conditions at the time, and should be a key point of discussion with your agent when determining current market value.
2. Is the living space larger or smaller than nearby homes?
At 1,822 sqft, the living area is somewhat smaller than the immediate reference neighbour at 180 Creekside Road (1,942 sqft) and ranks below the average for its own street (better than only 22% of neighbours). This suggests a more efficient or compact floor plan compared to others in the direct area.
3. What does the lot size ranking mean for this property?
The lot is 5,701 sqft, which is larger than 52% of lots on Creekside Road. This means it is above the median size for the street, offering more outdoor space than many direct neighbours, which is a positive differentiator in a newer community.
4. How old is this home relative to the rest of Winnipeg?
Built in 2018, the home is newer than approximately 95% of all properties in Winnipeg. In Bridgwater Lakes, it is newer than 88% of homes. This places it among the newest quarter of homes in its immediate neighbourhood, offering modern construction standards and systems.
5. The basement is listed as renovated. What should I ask about this?
Given that the home is only 8 years old, a basement renovation is a significant update. It’s important to inquire about the scope, when it was completed, whether permits were obtained, and the quality of finishes. This adds immediate liveable space and is a key feature beyond the original build.