Property Overview
This two-storey home in Bridgwater Lakes presents a compelling mix of space, modern updates, and established community living. Built in 2014, it sits on a generous 4,492 sqft lot, which is larger than most in the immediate area. The home itself offers 1,704 sqft of living space and features a renovated basement and a detached garage. Its appeal lies in its balance: it’s a relatively newer build in a sought-after neighbourhood that has already seen thoughtful improvements, like the basement renovation, which adds immediate value. The lot size is a standout, offering more outdoor room than many comparable properties.
This home would suit a young family or a professional couple looking for a move-in ready property in a mature, amenity-rich suburban community. It’s particularly suited for buyers who prioritize outdoor space and a home that has been updated beyond its original build. The data suggests it offers a strong value proposition within Winnipeg, ranking in the top tiers for lot size, assessed value, and recent sale price compared to the wider city.
Key Questions for Consideration
1. What do the "rank" percentages actually mean for a buyer?
They provide context against immediate neighbours and the wider city. For example, while the lot ranks highly (top 28%) on its own street, the home's assessed value is in the top 85% of the neighbourhood, suggesting it may be valued higher than many surrounding homes—a point to discuss with your agent.
2. The last sale in 2021 was for $538k, but the current assessed value is $525k. Is this a concern?
Not necessarily. Municipal assessments for tax purposes often lag behind market value. The consistent ranking in the top 15-25% of the street for both metrics indicates the property is consistently viewed as above average in its micro-area.
3. The home is 12 years old. What should I be mindful of?
While still modern, a 2014 build is approaching the age where original components like the roof, HVAC system, and major appliances may need inspection or could be nearing the end of their typical lifespans.
4. How does the detached garage impact winter living?
This is a practical Winnipeg consideration. A detached garage means a brief exposure to the elements when going from car to house. For some, this is a minor trade-off for the layout; for others, an attached garage is a key comfort feature.
5. The neighbourhood ranking for "year built" shows it's newer than 55% of homes here. What does that indicate?
It places this home in the middle of the pack for age in Bridgwater Lakes, meaning you’re buying into a community that is largely established, with mature landscaping and settled infrastructure, but one that still has a significant number of contemporary homes.