31 Stoney Creek Point

Property Overview: 31 Stoney Creek Point, Bridgwater Lakes

Key Characteristics & Ideal Buyer

This 2014-built, one-storey home sits on a generous 5,638 sqft lot in Winnipeg's Bridgwater Lakes community. Its key appeal lies in a balance of modern age and established space. The home is newer than 91% of properties in Winnipeg, offering contemporary construction without being brand-new, while the lot size provides ample outdoor potential relative to many newer subdivisions.

The property suits two primary types of buyers. First, it's a practical fit for those seeking single-level living in a modern community, possibly downsizers or first-time buyers who value a low-maintenance layout and a large yard. Second, it represents a value-conscious opportunity for a buyer looking for a "blank slate" home; with an unfinished basement, the property offers significant potential for customization and added equity through a renovation tailored to the new owner's needs.

A thoughtful perspective is its positioning within its immediate area. While the home ranks highly city-wide for its year and value, it is among the smaller and lower-assessed homes on its own street. This suggests a more affordable entry point into a well-established street, where future value may be supported by the surrounding properties.

Frequently Asked Questions

1. Is the basement developed?
No, the basement is unfinished. This presents both a cost-saving on the purchase price and a future opportunity to add living space and value according to your own needs and timeline.

2. How does this home compare to others in Bridgwater Lakes?
The home is newer than about half the homes in the neighbourhood and sits on a larger-than-average lot. However, its living area is more compact than most in the area, making it a potentially efficient and affordable option within this popular community.

3. What does the assessed value tell me?
The assessed value of $54,100 is a figure used for municipal tax calculation. It is notably lower than the home's likely market value, as evidenced by its last sale price of $409,000 in 2016. Always rely on a current market evaluation for an accurate price estimate.

4. Who would this home not be ideal for?
It may not suit buyers who need extensive finished space immediately, as the basement requires development. It might also be less ideal for those prioritizing a home with top-tier rankings in living area size relative to its immediate neighbours.

5. What is the potential here?
The core potential is in the combination of a modern structure on a large lot with an unfinished basement. A buyer can invest in finishing the basement to significantly increase the functional square footage, creating a home that better matches the scale of the lot and the neighbourhood.