Property Overview
This 2019-built, one-storey home in Bridgwater Trails offers a compelling blend of modern living and established value. Its primary appeal lies in a rare combination of a very large, 11,491 sqft lot within a newer, sought-after neighbourhood. The home itself is spacious at nearly 2,000 sqft, featuring an attached garage and an unfinished basement that presents a clean slate for future customization.
The property’s standout characteristic is its exceptional value positioning. With an assessed value significantly higher than its 2019 sale price, it ranks in the top 5% of its neighbourhood and top 1% city-wide for this metric, suggesting strong appreciation and a solid investment foundation. This home would suit growing families or downsizers seeking single-level living on a generous, private lot, as well as value-conscious buyers who appreciate the potential to add their own finish to the basement without paying a premium for someone else’s renovations. A less obvious angle is its appeal to those who want a newer home but prefer the slightly more established landscaping and settled feel of a 7-year-old property over a brand-new build.
Frequently Asked Questions
1. What is the significance of the high assessed value ranking?
The assessment ranking indicates this property’s municipal assessed value is higher than nearly all comparable homes in Winnipeg. This often reflects desirable attributes (like its very large lot) and can signal strong market value and past appreciation, though the final sale price is always determined by the current market.
2. Is the unfinished basement a drawback?
Not necessarily. For many buyers, an unfinished basement is an opportunity. It allows you to customize the space to your exact needs—whether as a rec room, home gym, or additional bedrooms—without first paying to remove or alter existing finishes. It’s a blank canvas that can add significant future value.
3. The home ranks lower for "newness" on its street. What does that mean?
This simply indicates that most of the immediate neighbours on Valley Brook Road built their homes more recently (after 2019). The home is still newer than 96% of Winnipeg and is in a modern community. This dynamic can be positive, as the neighbourhood amenities and landscaping are well-established.
4. How does the lot size compare practically?
At over a quarter-acre, this lot is substantially larger than typical newer suburban lots. It offers ample space for gardening, play, privacy, and future additions like a deck or shed, which is a rare find in a modern neighbourhood.
5. What does the "Sold" history tell us?
The home was last sold in late 2019 for $88.6k. Its current assessed value of $103.8k suggests considerable growth in its base value over that period, highlighting a trend of solid value retention and increase in this part of Bridgwater Trails.