Property Overview
75 Appleford Gate is a modern two-storey home in the Bridgwater Lakes neighbourhood, built in 2016. It sits on a generous 4,255 sqft lot and features 1,606 sqft of living space, a detached garage, and an unfinished basement. The home recently sold in January 2024 for $490,000.
Key Characteristics & Appeal
This property’s primary appeal lies in its balance of modern age and established community living. As a 2016 build, it is newer than over 90% of homes in Winnipeg, meaning major components like roofing, windows, and HVAC are relatively recent and unlikely to need immediate replacement. The lot size is a standout feature, larger than most on its street, offering valuable outdoor space for gardening, play, or future expansion.
Its strongest suit is for practical, forward-thinking buyers. It would perfectly suit a young family or professional couple looking for a move-in ready, low-maintenance home in a planned community, with the unfinished basement serving as a blank canvas for future customization—whether for a home theatre, gym, or additional bedroom suite. The appeal is grounded in sensible living: you get a contemporary structure without the premium of a brand-new build, and the rankings suggest it offers solid value within its immediate area, even if it isn’t the largest or highest-valued home in the wider neighbourhood.
Frequently Asked Questions
1. Why is the assessed value ($49.80k) so much lower than the recent sale price?
Property assessments in Manitoba are for municipal tax purposes and are not intended to reflect current market value. They are based on a mass appraisal system from a prior base date, so a recent sale price is a far more accurate indicator of the home’s worth.
2. What does the neighbourhood ranking ("Better than 8%") actually mean?
This statistic compares this home’s assessed value to others in Bridgwater Lakes. Ranking in the top 92% means its assessed value is higher than only 8% of homes here, indicating it is among the more modestly assessed properties in a neighbourhood that likely has many higher-valued homes. This can suggest a more affordable entry point into the area.
3. Is the unfinished basement a drawback?
Not necessarily. For many buyers, it’s an opportunity. It allows you to finish the space to your own taste and needs without paying a premium for someone else’s choices. It’s important to budget for this project and have it inspected to understand the current condition and any required prep work.
4. The home sold recently. Why is it back on the market?
The provided data shows a sale in January 2024. If the property is currently listed again, it could be due to many common, non-problematic reasons such as a change in the buyer’s job, family circumstances, or an investor flipping the property. A review of the new listing details and a conversation with the selling agent would provide clarity.
5. How does the living area compare to typical homes?
At 1,606 sqft, it offers a comfortable size for a small to medium family, though it is smaller than about 82% of homes in Bridgwater Lakes. This reinforces its position as a potentially more efficient and manageable home in a neighbourhood that may have larger, more expensive property types.