Property Overview & Key Characteristics
This 2016-built, single-storey home in Bridgwater Lakes sits on a spacious 6,015 sqft lot, which is larger than most in the immediate area. Its key appeal lies in a combination of modern age, a generous and private yard, and a recently renovated basement that adds functional living space. The home ranks highly for its newer construction, assessed value, and past sale prices compared to wider Winnipeg, suggesting a well-regarded and appreciating asset within a desirable suburban community.
The property would particularly suit first-time buyers or downsizers looking for a modern, low-maintenance one-storey layout in a family-oriented neighbourhood. It also appeals to value-conscious buyers who prioritize a large outdoor space and the added flexibility of a finished basement, which is less common in newer builds. The strong performance in value rankings indicates it's a prudent choice for those viewing a home as a long-term investment.
Frequently Asked Questions
1. How does the lot size compare practically?
At over 6,000 sqft, the lot is significantly larger than many in newer subdivisions, offering more privacy, room for gardening, or space for children and pets to play, which is a notable advantage in this neighbourhood.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the finishes or layout. A professional inspection or asking for details from the seller is recommended to understand the quality, permitted status, and exact nature of this living space.
3. The home sold in 2021 for $67.5k, but is now assessed at $65.3k. Does this mean it lost value?
No, the assessed value for tax purposes is not a direct market valuation. The 2021 sale price is a historical market data point. The key takeaway is that both the past sale price and current assessed value rank in the top tiers for the city, indicating a consistent pattern of strong value.
4. Is the living area of 1,629 sqft sufficient for a family?
This depends on the family's size and needs. The single-storey layout offers main-floor living, which is efficient. The renovated basement effectively increases the total usable square footage, providing room for bedrooms, a family room, or a home office that isn't reflected in the official living area figure.
5. The home ranks lower for living area on its street. Should I be concerned?
This stat means many immediate neighbours have larger above-ground square footage. However, this is balanced by the home's superior rankings for lot size, newer age, and value. It suggests you may be trading some interior space for a larger yard and newer build, which is a personal preference.