Property Overview: 44 Bridge Lake Drive
Key Characteristics & Appeal
This two-storey home in Bridgwater Lakes offers a blend of modern living and established value. Built in 2012, it features a renovated basement, an attached garage, and sits on a generous 5,874 sqft lot. With 2,065 sqft of living space, the home provides ample room for a growing family or those who appreciate space.
The property’s primary appeal lies in its strong value positioning within a desirable, newer community. The data indicates it consistently ranks in the top third for lot size on its street and outperforms the majority of Winnipeg in terms of assessed value and living area. This suggests a well-regarded property in a sought-after location. The steady, significant appreciation from its 2016 sale price to its 2021 sale demonstrates solid market confidence.
This home would suit buyers looking for a move-in ready property in a modern neighbourhood without the premium of a brand-new build. It’s ideal for professionals or families who value space, community amenities, and a home with recent updates (like the basement), and who are motivated by a property with a clear history of increasing value.
Frequently Asked Questions
1. How does the age of this home (built 2012) compare to the neighbourhood?
While the home itself is only 14 years old, it is actually older than approximately 90% of the homes on its specific street. This indicates Bridge Lake Drive is part of an early phase of Bridgwater Lakes, offering more mature landscaping and established surroundings compared to newer sections.
2. The assessed value seems low compared to past sale prices. Why is that?
Manitoba’s property assessments are not intended to reflect current market value. They are used for municipal tax purposes and are typically lower. The consistent sale history ($610k in 2021) is a much more accurate indicator of the home’s market worth.
3. What do the ranking percentages actually tell me?
They show how this property compares to others. For example, its lot size is "Better than 70% in same street," meaning it’s in the largest 30% of lots on Bridge Lake Drive. This is a relative strength. Conversely, being newer than only 10% on the street highlights the mature nature of this specific block.
4. Is the renovated basement reflected in the official living area?
Typically, no. Finished square footage in listings and assessments usually only accounts for above-grade, permitted living space. A renovated basement adds valuable functional space and appeal, but its area is often reported separately and may not be included in the main 2,065 sqft figure.
5. The home sold in early 2021. What does that mean for today's price?
The 2021 sale price establishes a strong baseline, showing the property’s value at that time. Current market conditions, further renovations, and overall demand will influence today’s listing price. The historical trend of increasing value is positive, but a current appraisal or comparative market analysis would be needed for an exact present value.