Property Summary: 471 North Town Road, Bridgwater Lakes
Key Characteristics & Appeal
This two-storey home, built in 2014, presents a balanced offering in the popular Bridgwater Lakes community. Its key features include a renovated basement, an attached garage, and a generous 2,225 sqft of living space situated on a large 5,211 sqft lot. The home’s appeal lies in its modern age combined with established landscaping, offering a move-in-ready canvas that still allows for personalization. Recent sales history shows active market interest, with a sale in mid-2024.
The property’s value proposition is nuanced. While its lot size ranks lower on its specific street, the home itself scores very well for its living area and assessed value against wider Winnipeg benchmarks, placing it in the top 5-10% of the city. This suggests a well-proportioned home in a desirable newer neighbourhood. It would suit buyers looking for a modern, low-maintenance family home in a master-planned community, who prioritize interior space and city-wide value over having the largest lot on the block. It’s also a sensible option for those wary of brand-new construction premiums but wanting a home that’s far from outdated.
Frequently Asked Questions
1. How does the lot size compare to the neighbourhood?
At 5,211 sqft, the lot is larger than the majority of properties in Winnipeg and is a good size for the Bridgwater Lakes area. The data indicates it is, however, on the smaller side compared to its immediate neighbours on North Town Road.
2. What does the sales history indicate?
The home sold in July 2024 and previously in November 2021. The 2021 sale at $710k was notably higher than the 2024 sale price, which may reflect broader market adjustments. This history provides clear, recent market price points for comparison.
3. Is the basement finished, and what was the renovation?
Yes, the basement is renovated. The listing confirms the renovation but does not specify the scope. This would be a key point to clarify with the seller regarding the quality, permits, and nature of the finished space.
4. How does this home rank for value in the city?
The assessed value of $660k ranks very highly—better than 96% of Winnipeg homes. This strong assessment relative to the city suggests the municipality views it as a substantial property, though the final market price is always determined by buyers.
5. What are the implications of the "newer" build year ranking?
Built in 2014, it is newer than 91% of Winnipeg homes, offering modern construction standards. On its street, it ranks as the 2nd newest, meaning most nearby homes are of a similar vintage, contributing to neighbourhood consistency.