Property Overview & Key Characteristics
This 2017-built, one-storey home in Bridgwater Lakes sits on a large, approximately 12,000 sqft lot, which is a standout feature in the neighbourhood. The home itself offers 1,839 sqft of living space and includes a renovated basement and an attached garage. Its appeal lies in a compelling combination of modern construction, ample outdoor space, and a highly desirable location within Winnipeg. The property ranks in the top tier for lot size and value metrics in both its immediate area and the wider city, suggesting a premium, well-regarded setting. It last sold in November 2023 for $1,070,000.
This home would suit buyers looking for a move-in ready, single-level living layout in a prime suburban community. It’s particularly well-matched for those who value generous yard space and a strong, established property value relative to the market. The significant difference between the recent sale price and the current assessed value is a notable point for discussion with a real estate professional.
Five Frequently Asked Questions
1. What does the ranking data actually mean?
The percentile rankings (e.g., "Better than 95% in neighbourhood") show how this property compares to others in a specific category, like lot size or assessed value. For example, being in the "Top 5%" for lot size in Bridgwater Lakes confirms the lot is exceptionally large for the area, a key advantage.
2. The assessed value is much lower than the 2023 sale price. Why?
Municipal assessed values for taxation purposes often lag behind current market values, especially in active markets or for unique properties. The 2023 sale price is a clearer indicator of its recent market worth, and the disparity highlights the importance of a current market evaluation.
3. Is the renovated basement a legal suite?
The listing states the basement is "renovated" but does not specify it as a legal secondary suite. A buyer should verify the permits and compliance of the renovations to confirm its legal status and any potential for rental income.
4. The home is newer, but how does it rank for age on its street?
Interestingly, while built in 2017, it ranks only in the top 84% on its own street for year built (meaning 84% of houses on the street are newer). This suggests Willow Brook Road is a very new, still-developing street, which can have pros (modern infrastructure) and cons (ongoing construction).
5. Who are the most likely comparable properties?
The listing shows "similar assessed value" properties across Winnipeg, from Bridgwater Forest to Wellington Crescent. This doesn't mean the homes are similar in type, but that the city assesses them at an equivalent value. For true comparables, focus on recent sales of similar single-storey homes in Bridgwater Lakes and adjacent communities.