Property Overview & Appeal
This two-storey home in Bridgwater Lakes is a well-situated property built in 2013. Its key appeal lies in a combination of a generous, above-average 7,280 sqft lot and a modern build year that ranks highly for its street and the wider city. The 1,943 sqft living area is spacious for a young family, and the attached garage adds practical convenience. Notably, its current assessed value ranks in the top 7% for Winnipeg, suggesting strong municipal valuation relative to the market.
The property would suit buyers looking for an established home in a newer community without the premium of a brand-new build. It’s ideal for those who prioritize lot size for future landscaping, play space, or additions over having a recently renovated interior, as the basement is noted as unfinished. The strong rankings for lot size, year built, and assessed value in Winnipeg indicate a property with solid fundamentals in a desirable suburban area.
Frequently Asked Questions
1. What does the "Better than X%" ranking actually mean?
These rankings compare this specific property against all others on its street, in Bridgwater Lakes, and across Winnipeg for each metric (like lot size or year built). For example, being "better than 85% in Winnipeg" for lot size means only 15% of Winnipeg properties have a larger land area.
2. The assessed value seems low. Is that the sale price?
No. The assessed value ($59.90k) is for municipal tax purposes and is typically much lower than market value. The last recorded sale was in June 2021 for $57.50k. Current market value would be determined by recent comparable sales and present market conditions.
3. How does the unfinished basement affect the home's value and appeal?
It presents both a project and an opportunity. While it doesn't offer finished living space now, it provides the next owner with a blank canvas to customize to their needs (e.g., a rec room, home gym, or additional bedroom) without needing to undo someone else's renovations.
4. The living area ranks lower on its street. Should I be concerned?
Not necessarily. The ranking shows that on its specific street, there are many homes with larger square footage. However, at nearly 2,000 sqft, it still offers ample space and ranks highly across Winnipeg. It reflects the character of the street, which may have larger executive homes, whereas this property might appeal for its balance of size and lot.
5. Why is there a reference to 38 Springwater Road?
This nearby property (built 2018, 2,738 sqft, assessed at $74.60k) is provided as a benchmark. It helps illustrate what other properties in the immediate area are like, giving context to this home's size, age, and value within Bridgwater Lakes.