Property Overview: 66 Springwater Road, Bridgwater Lakes
Key Characteristics & Buyer Appeal
This 2019-built, two-storey home in the popular Bridgwater Lakes neighbourhood offers modern living with established community roots. Its key appeal lies in a balance of space, age, and location. With a generous 6,175 sqft lot and 2,351 sqft of living area, the home ranks above average in size for its street and notably high within Winnipeg overall. As a newer build (just 7 years old), it ranks in the top 5% of the neighbourhood for year built, suggesting modern construction standards and less immediate need for major updates. The home features an attached garage and a basement (not renovated), providing a solid foundation for future customization.
The property suits buyers seeking a move-in ready, contemporary home in a master-planned community, who also value the potential to add personal touches over time. Its strong rankings for size and newness city-wide offer a compelling value proposition. A thoughtful perspective is that while the assessed value is modest relative to the recent sale price, this can indicate property tax savings compared to newer assessments, and the unrenovated basement presents a clear, cost-effective opportunity to increase both living space and future value according to one's own taste and budget.
Frequently Asked Questions
1. How does the lot size compare to others in the area?
At 6,175 sqft, the lot is larger than 49% of properties on Springwater Road and falls within the top third for lot size in the Bridgwater Lakes neighbourhood, offering ample outdoor space for a newer community.
2. Is this a good value for the neighbourhood?
The home last sold in late 2023 for $680,000, a price that was better than 67% of neighbourhood sales, placing it in the upper third. Its newer build date (top 5% in the area) and above-average living space support this positioning.
3. What does the "basement, not renovated" condition imply?
It means the basement is functional and included in the living area square footage, but is in a basic, builder-grade state. This is a positive for buyers wanting to finish the space to their own specifications without first undoing someone else's renovations.
4. How do the property taxes likely compare?
With an assessed value of $63,800, which is lower than the recent sale price, the current property taxes are based on that lower assessment. A future assessment may increase, but for now, taxes may be relatively favourable.
5. What is the context of the provided "rankings"?
The rankings (e.g., "Top 34%") are comparative metrics for this specific property against all others on its street, in its neighbourhood, and across Winnipeg. They quickly show how it measures up in key categories like size, age, and value.