Property Summary
Key Characteristics & Appeal
This is a modern, one-storey home in the sought-after Bridgwater Lakes neighbourhood, built in 2019. Its primary appeal lies in its substantial, premium lot—at nearly 8,800 sqft, the property ranks in the top 14% for land size on its street and the top 13% in the wider neighbourhood. This offers exceptional outdoor space potential in a newer community where large lots are a diminishing commodity. The home features an attached garage and a full, unrenovated basement, providing a blank canvas for future expansion.
The property suits two main types of buyers: first, those prioritizing land size and future potential over immediate square footage, as the living area is modest for the area. Second, it appeals to value-oriented buyers seeking a "like-new" home in a top-rated Winnipeg community without the premium price of a recently built, fully finished property. A thoughtful perspective is that this home represents a strategic entry into a high-demand area, where the value is anchored more in the land and location, with the structure itself offering a modern, efficient shell for personalization over time.
Frequently Asked Questions
1. Why is the assessed value significantly lower than recent sale prices?
Municipal assessed values for tax purposes often lag behind current market values, especially in appreciating neighbourhoods. The assessed value here may not reflect recent market conditions or specific upgrades.
2. The living area is noted as modest for the neighbourhood. How does that impact value?
While the home's footprint is smaller than many nearby, the value is supported by the large, desirable lot and the modern build. It may appeal to those who prefer single-level living and value outdoor space over a larger interior.
3. What does the sale history indicate?
The home has changed hands several times since 2019 (2019, 2020, 2022), with a significant price increase between 2020 and 2022. This suggests strong market appreciation in the area during that period.
4. The basement is "not renovated." What are the implications?
This means the basement is unfinished but ready for development. It presents additional cost for finishing but also offers the opportunity to customize the space to a new owner's specifications without needing to undo previous work.
5. How does the lot size compare to nearby properties?
The lot is a key feature, ranking better than 87% of lots in Bridgwater Lakes. For reference, the directly neighbouring properties at 82 and 88 Springwater Road sit on the same large lot type, indicating this is a premium segment of the street.