Property Overview & Key Characteristics
This 2018-built two-storey home in Bridgwater Lakes is a standout property defined by its generous scale and premium positioning within the Winnipeg market. Its primary appeal lies in the combination of modern construction, significant living space (over 3,000 sq ft), and an exceptionally large lot (over 11,000 sq ft), a rare find in newer communities. The home features a renovated basement and an attached garage.
The property’s data reveals its elite standing: it ranks in the top 5% of its street and top 2% of its neighbourhood for both living area and assessed value. For buyers, this translates into a home that offers ample room for family living and entertainment, with a lot size that provides privacy and outdoor potential uncommon for an eight-year-old home. It would particularly suit growing or multi-generational families seeking a modern, low-maintenance home in a sought-after area without sacrificing yard space, as well as value-conscious buyers who prioritize statistical equity—its assessed value significantly exceeds its last sale price, indicating strong market confidence and potential for sustained value.
A less obvious perspective is its appeal to buyers who value "established new." The home is past the initial settling phase of a brand-new build, yet it remains contemporary, likely with updated finishes from the basement renovation. Furthermore, its consistent top-tier rankings across multiple metrics (size, value, lot) suggest it's not just a nice house on the street, but one of the defining properties in the area, which can contribute to long-term neighbourhood prestige and stability.
Frequently Asked Questions
1. How does the lot size compare to typical properties in Bridgwater Lakes?
At 11,192 sq ft, this lot is substantially larger than most in the area. It ranks better than 92% of lots on its own street and is a key differentiator, offering more privacy and space for landscaping, play, or additions than standard newer-community lots.
2. The assessed value is notably higher than the 2023 sale price. What does this indicate?
The current assessed value of $1,480,000 is approximately $110,000 higher than its September 2023 sale price. This typically reflects the city’s estimate of its market value based on recent area sales and can signal strong appreciation potential, but the final market value is always determined by what a buyer is willing to pay.
3. Is the renovated basement included in the total living area square footage?
The provided living area of 3,074 sq ft is the above-grade (main and upper floors) measurement. The renovated basement is additional, flexible space that adds to the home’s total usable square footage but is not part of the official living area calculation used for rankings.
4. What does the "Top 0%" ranking for assessed value in Winnipeg mean?
This statistical ranking means the property’s assessed value is among the very highest in the entire city, placing it in the top tier of Winnipeg homes by this metric. It underscores the property’s premium market position.
5. The home is only 8 years old. Are there any potential concerns with a home of this age?
A 2018 build is past the initial warranty period, so a thorough inspection is wise to identify any minor settling or builder-grade component issues. However, it’s also modern enough to likely avoid major system overhauls (like roof or furnace) for many years, offering a balance between newer construction and established livability.