Property Overview: 3 Bellflower Road, Bridgwater Lakes
Key Characteristics & Appeal
This 2012-built, single-storey home in the popular Bridgwater Lakes neighbourhood offers a renovated basement and sits on a generous 4,656 sqft lot. Its key appeal lies in a balance of modern construction and established community living. While the 1,082 sqft living area is compact, the finished basement adds functional space, making it a practical and low-maintenance option.
The property’s standout feature is its value proposition. With an assessed value significantly higher than its last sale price in 2019, it presents a compelling entry point into a sought-after area. The lot size is well above average for the street, offering good outdoor potential relative to nearby homes. It would suit first-time buyers seeking a modern home in a family-friendly community, or downsizers looking for single-level living without sacrificing yard space. A thoughtful perspective is that this home may appeal to value-oriented buyers who see potential in the existing renovation and are willing to trade interior square footage for a larger, more private lot in a prime location.
Frequently Asked Questions
1. How does the living area compare to nearby homes?
The home’s 1,082 sqft of above-ground living space is notably smaller than many in the immediate area, as indicated by its ranking. However, the renovated basement provides additional finished space.
2. What does the assessed value ranking indicate?
The assessed value is in the top 22% for Winnipeg, meaning it’s considered above average city-wide. This suggests the property holds solid intrinsic value, even though it ranks lower within its own street and neighbourhood.
3. Is the lot size a significant feature?
Yes. At 4,656 sqft, the lot is larger than over half of those on the same street. This is a key advantage, offering more private outdoor space than many comparable properties in the community.
4. The home sold in 2019. What does that history show?
The 2019 sale price was considerably lower than the current assessed value. This gap may reflect market appreciation, the basement renovation, or both, and is a central point for valuation discussion.
5. Who are the most likely buyers for this property?
Given its size and layout, it is most suited to first-time homeowners, couples, or downsizers. Its appeal is for those prioritizing a modern build year, a manageable single-level floor plan, and a larger lot in a mature neighbourhood over a sprawling interior.