Property Overview & Key Characteristics
This 2016-built, one-storey home in Bridgwater Lakes sits on a large, 10,784 sqft lot, which is a standout feature, ranking in the top 8% of the neighbourhood for land area. Its primary appeal lies in a combination of space, a modern renovation, and strong value retention. The fully renovated basement adds significant liveable space to the 1,818 sqft main floor. The home's assessed value and recent sold price rank in the top 1-2% citywide, indicating a history of strong market performance relative to Winnipeg overall.
The property would suit buyers looking for a modern, low-maintenance bungalow layout in a newer community, with the bonus of a move-in ready, finished lower level. It’s particularly well-matched for those who prioritize generous outdoor space over having the largest interior footprint on the street. The data suggests it appeals to value-conscious buyers who see the long-term stability in a property that has consistently appraised and sold well above city averages.
Frequently Asked Questions
How does the living area compare to nearby homes?
While the home itself is a comfortable size, the interior is somewhat smaller than several immediate neighbours. The true compensation is the much larger lot, offering greater outdoor potential.
What does the "rank" data actually mean?
These rankings compare this specific property against every other home on its street, in Bridgwater Lakes, and across all of Winnipeg for metrics like size, age, and value. For example, ranking in the top 1% citywide for assessed value means it is valued higher than 99% of all Winnipeg properties.
The home sold recently in 2024. What does that indicate?
The October 2024 sale provides a very current, real-world market price, which is a reliable anchor for value. The fact that it sold for significantly more than its 2017 purchase price shows strong appreciation in that period.
Is the lot size typical for the area?
No, it's exceptional. The lot is larger than 92% of lots in Bridgwater Lakes, making it a distinct feature compared to many newer community properties which often have smaller yards.
How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes. The recent 2024 sold price of $980k is the true market indicator. The high assessment simply reinforces that the city also recognizes the property's premium value relative to others.