Property Overview
163 Del Monica Road is a modern two-storey home in Winnipeg's Bridgwater Trails neighbourhood, built in 2017. Its appeal lies in a balance of contemporary living, a desirable location, and strong value metrics. The home sits on a larger-than-average lot (6,518 sqft) and features a renovated basement and an attached garage.
Key Characteristics & Ideal Buyer
This property stands out for its solid positioning within a newer community. The lot size ranks in the top 13% on its street, offering more outdoor space than most comparable homes. While the living area is average for the immediate area, the home scores highly for its newer age and assessed value city-wide, ranking better than 94% and 88% of Winnipeg homes, respectively. This suggests a well-maintained property with strong municipal valuation growth since its 2017 sale.
The appeal is for buyers seeking a move-in ready, low-maintenance home in a planned community. It suits young families or professionals attracted to Bridgwater Trails' amenities and newer infrastructure. The renovated basement adds immediate functional space. A thoughtful perspective is that this home represents a "middle ground" in its micro-market—it doesn't have the largest footprint on the block, but it offers a premium lot size and a modern foundation in a highly ranked city-wide context, appealing to those who prioritize land and long-term value over sheer square footage.
Frequently Asked Questions
1. How does the assessed value compare to the likely asking price?
The assessed value is $54.40k, but this is a municipal valuation for tax purposes, not a market price. The last known sale was in 2017 for $41.10k. The current market price will be influenced by recent sales of similar homes, condition, and market trends.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the finish quality, permits, and the nature of the renovation (e.g., recreational room, additional bedroom, etc.).
3. The home ranks "Better than 31%" by year in the neighbourhood. What does this mean?
This means 69% of homes in Bridgwater Trails are newer than this 2017 build. It indicates the neighbourhood has continued to develop with newer constructions, but this home remains newer than 94% of all homes in Winnipeg.
4. Are there any concerns with the 2017 sale price being lower than the current assessed value?
Not inherently. The 2017 sale was the original purchase from the builder. The increase in assessed value since then reflects typical market appreciation and the addition of the renovated basement. It's a normal trajectory for a newer home in a growing area.
5. What is the significance of the lot size ranking so high?
Ranking in the top 13% for lot size on the street is a key asset. It implies more private outdoor space, potential for landscaping or recreation, and a relative scarcity that can contribute to long-term property value compared to homes on smaller lots.