Property Overview
This two-storey home in Bridgwater Lakes, built in 2013, offers a modern and efficient living space on a generous lot. Its key appeal lies in a well-proportioned package: a renovated basement adds valuable finished space to the nearly 2,400 sqft living area, while the attached garage and sizable 4,953 sqft land area provide practical family living. The data suggests a property that outperforms most of Winnipeg in terms of living space and assessed value, ranking in the top tiers city-wide. However, its rankings within its immediate street and neighbourhood are more modest, indicating it sits in a well-established, desirable area where many homes share similar or greater advantages. This home would suit a buyer looking for a move-in ready, modern property in a sought-after newer community, who values space and updates over being the newest or largest house on the block. It’s a solid, above-average family home in a competitive local market.
Key Questions for Consideration
How does the 2020 sale price compare to today's market?
The home sold for $570,000 in December 2020. Given market shifts since then, a current market evaluation is essential to understand its present value and any potential equity changes.
What was the scope of the basement renovation?
The listing notes a renovated basement. It’s important to clarify the extent, when it was completed, whether permits were obtained, and the quality of finishes to assess its true added value.
The home ranks highly city-wide but lower within the street. What does this mean?
This pattern indicates Bridgwater Lakes is a premium neighbourhood where even an average-street home outranks most of Winnipeg. It suggests you’re buying into a strong community, but this specific property may not have the same premium lot or views as some direct neighbours.
Is the assessed value a reliable indicator of listing price?
No. The $68.5k assessed value is for municipal tax purposes only and is not a market valuation. The 2020 sale price and current comparable listings are far more relevant for determining market price.
What is the community and lot like?
The large lot size is a notable feature. Understanding the backyard orientation, privacy, and typical amenities of Bridgwater Lakes (paths, lakes, community feel) will help gauge lifestyle fit beyond the house itself.