Property Overview & Key Characteristics
This two-storey home in Bridgwater Lakes is a 2012 build, offering modern construction on a generous 4,251 sqft lot. With 1,480 sqft of living space, a detached garage, and an unfinished basement, it presents a solid, move-in-ready canvas. Its appeal lies in its balance: it's a newer home in a well-regarded community, yet its assessed value and recent sale price position it as a more accessible entry point into the neighbourhood. The data suggests it's a home that offers more space and newer construction than many in Winnipeg, but within its immediate street and area, it ranks as a practical rather than a premium option.
This property would suit first-time buyers or young families looking for a modern home in a planned community without the premium of a fully renovated or custom property. It’s also a sensible choice for value-conscious buyers who prioritize a good lot size and a blank-slate basement for future customization over immediate turn-key finishes.
Frequently Asked Questions
1. How does this home compare to others on the street?
The home's lot size is above average for Bellflower Road, but its living area and recent sale price are in the lower tiers for the street. This indicates you're getting more outdoor space, but the home itself is likely more modest compared to some neighbours.
2. What does the "Top %" ranking mean for value?
These rankings compare this property against all others in Winnipeg. For instance, being newer than 89% of Winnipeg homes is a strong positive. However, being more valuable than only 14% of homes on its own street suggests the local market views it differently. This disparity can sometimes represent a value opportunity.
3. Why is there such a large gap between the assessed value and the last sale price?
The assessed value ($49.60k) is for taxation purposes and is not a market valuation. The last sale in 2021 for $470k is the relevant market price. The low assessment is common and should not be mistaken for the home's worth.
4. Is the unfinished basement a drawback?
Not necessarily. For many buyers, an unfinished basement is a benefit—it allows for customization to suit specific needs (like a home theatre, gym, or suite) without paying a premium for someone else's choices. It's a project, but one without the need to demolish existing work.
5. The home sold in 2021 and is now listed again. Is that a concern?
A resale after a few years is common and not inherently a red flag. It could reflect a life change for the owners, such as a job relocation or growing family needs. It's always wise to ask the listing agent for the context, but the data alone doesn't suggest an issue with the property.