Property Overview: 47 Creekside Road, Bridgwater Lakes
Key Characteristics & Appeal
This two-storey home, built in 2018, is a modern property in the popular Bridgwater Lakes neighbourhood. Its primary appeal lies in being a relatively newer build, ranking newer than 95% of homes in Winnipeg, which suggests lower immediate maintenance costs and modern construction standards. The home sits on a generous 5,189 sqft lot with an attached garage and an unfinished basement, offering a blank canvas for future expansion.
The property suits first-time buyers or young families seeking a move-in ready home in a newer community without the premium price of a brand-new build. Its assessed value is notably stable, closely aligned with its late 2022 sale price, indicating a settled market value. A thoughtful perspective for buyers is the balance between lot size and living area: while the lot is larger than many on the street, the 1,678 sqft living space is more compact, prioritizing outdoor space over interior square footage. This makes it ideal for those who value a sizeable yard but don’t require a sprawling floor plan.
Frequently Asked Questions
1. How does this home compare to others in Bridgwater Lakes?
It ranks as a newer-than-average home in the neighbourhood (top 12%) but has a living area that is more modest (top 75%). You're getting a contemporary structure on a good-sized lot, though interior space is less than many area homes.
2. What does the "rank" data for the street and neighbourhood mean?
These percentages show how the property compares to specific local benchmarks. For example, being "better than 68% on the same street" for year built means it's newer than most houses directly on Creekside Road, providing useful hyper-local context.
3. Has the property value increased since the last sale?
The assessed value ($55.70k) is slightly below the December 2022 sale price ($58.80k). This doesn't necessarily indicate a loss in market value, as assessed value for taxation purposes often differs from market value. It suggests a stable valuation in recent years.
4. Is the unfinished basement a pro or a con?
It depends on the buyer. It's a con for those wanting immediate, finished living space. It's a significant pro for buyers who want to customize the layout and finishes to their exact taste without needing to undo previous renovations.
5. What are the immediate next steps for maintenance or updates?
As an 8-year-old home, major systems like the roof, furnace, and windows are likely in good condition but approaching the age where routine servicing is crucial. The unfinished basement and any original flooring or paint from 2018 may be the first areas new owners consider updating to personalize the space.