Property Overview & Key Characteristics
This two-storey home in Bridgwater Lakes is a practical choice for buyers seeking a modern, low-maintenance property in a newer Winnipeg community. Built in 2013, its key appeal lies in its relative newness compared to much of the city's housing stock, offering contemporary construction without the premium of a brand-new build. The home sits on a generous 4,250 sqft lot with a detached garage and an unfinished basement, presenting a clear canvas for future customization.
Its primary suit would be first-time buyers, young families, or investors looking for a solid, move-in-ready property in a developed neighbourhood. The data suggests a thoughtful perspective: while the home ranks highly for its age city-wide, it sits in the middle-to-lower tier within its own immediate street and neighbourhood for metrics like living area and assessed value. This indicates it may offer better value for money compared to newer or larger homes on the same block, appealing to the budget-conscious buyer who still wants a modern community feel. The consistent growth in its sold price from 2017 to 2021 also points to a history of steady value appreciation.
Frequently Asked Questions
1. How does this home compare to others on the street?
The data shows it is a newer home on the street, ranking in the top 35% by year built. However, for living space and lot size, it ranks in the middle to lower third compared to its immediate neighbours, which often translates to a more accessible price point.
2. Is the unfinished basement a drawback?
Not necessarily. For many buyers, an unfinished basement is an advantage. It means no previous DIY work to undo and allows you to finish the space to your exact specifications and budget, potentially adding significant value.
3. What do the "rank" percentages actually mean?
They show how this property compares to others in a specific area. For example, "Better than 90% in Winnipeg" for year built means it is newer than 90% of homes in the city, a strong point. Conversely, a lower rank within the neighbourhood for size suggests it's a more modest home in that specific community.
4. The assessed value seems low. Is that accurate?
Manitoba's assessed value is not market value; it is used for property tax calculation. The more relevant figure is the 2021 sold price of $454,300, which gives a clearer picture of its recent market worth. Always consult a current market evaluation.
5. What is the community of Bridgwater Lakes like?
As a newer master-planned community in south Winnipeg, it features modern amenities, parks, and pathways. This home is in the established "Lakes" area, meaning the neighbourhood's infrastructure and landscaping are fully developed and mature.