Property Overview: 16 Silver Creek Road, Bridgwater Trails
Key Characteristics & Buyer Appeal
This 2018-built, one-storey home in the Bridgwater Trails neighbourhood offers modern construction in a sought-after area. Its key characteristics include an attached garage, a full (but unrenovated) basement, and a manageable 997 sqft of living space on a 2,556 sqft lot. The primary appeal lies in its relative newness—it's newer than approximately 95% of homes in Winnipeg—providing the benefits of contemporary building standards without the premium of a brand-new build. The neighbourhood itself is a major draw, known for its planned community feel.
This property would suit first-time buyers or downsizers seeking a low-maintenance, single-level layout in a modern community. It’s a practical entry point into a desirable area, though the below-average living space and lot size for the street mean it’s best for those prioritizing location and a newer home over square footage. A thoughtful perspective: the unrenovated basement presents a clear, blank-slate project for adding value and personalized space, which could be a strategic advantage for a handy buyer. However, the assessed value rankings suggest it is one of the more modest homes in its immediate area, indicating a potentially more affordable option in a premium neighbourhood.
Frequently Asked Questions
1. How does this home compare to others on the street?
The home’s living area is smaller than about 90% of homes on Silver Creek Road, and its lot size is larger than only about 34%. This positions it as a more compact property on the street, which is reflected in its assessed value being higher than only about 3% of its neighbours.
2. What is the significance of the assessed value being $40.30k?
In Manitoba, the assessed value is not the market value; it is a value set by the municipality for taxation purposes, typically representing a percentage of the estimated market value from a prior base date. It should not be used as a direct indicator of listing or sale price.
3. The home sold for $38.50k in 2021. Is that its purchase price?
No, that recorded sale figure almost certainly represents a title transfer, not an arm’s-length market sale. It could be related to a family transfer, refinancing, or other administrative change. The actual market sale history is not provided in this data.
4. Is the basement finished?
No, the listing specifies the basement exists but is "not renovated," meaning it is likely an unfinished space awaiting development.
5. What are the pros and cons of the property's rankings?
A significant pro is the year-built ranking, showing the home is much newer than most in the city. The main cons are the below-average rankings for living space and assessed value within its neighbourhood and street, indicating it is a more modest offering in that specific community.