Property Overview
This two-storey home in Bridgwater Trails offers a practical, modern living space built in 2016. Its key appeal lies in its balance of being relatively new while presenting a potential value opportunity. The home sits on a larger-than-average lot for the street (3,778 sqft) and features a detached garage and an unfinished basement, which provides a blank canvas for future expansion or customization. While its assessed value is in line with similar properties across Winnipeg, its last sale price in late 2021 was notably lower than the current assessment, which may attract buyers looking for a foothold in a popular, newer community without the premium price of a brand-new build.
It would suit first-time buyers or young families who value the low-maintenance aspect of a 10-year-old home and the community amenities of Bridgwater Trails. The unfinished basement and decent lot size also make it a fit for buyers with a vision to add their own personal touch and equity over time, rather than those seeking a completely turn-key property.
Frequently Asked Questions
Q: How does this home compare to others on the street?
A: The lot size is a standout feature, ranking in the top 1% on Del Monica Road for land area. However, the home's assessed value is more modest relative to the street, placing it in the lower 74%.
Q: The assessed value is $480k, but it sold for much less in 2021. What does this indicate?
A: The sale in late 2021 was for $454.8k. The increase in assessed value since then reflects broader market trends and city assessment formulas. It highlights the importance of viewing the assessment as one data point, not a direct market price.
Q: Is the unfinished basement a drawback?
A: It depends on the buyer's goals. It means immediate renovation costs are not required, and it offers the flexibility to finish the space to suit specific needs, which can be a long-term advantage.
Q: How does the property rank within the wider Bridgwater Trails neighbourhood?
A: Its rankings are mixed. It scores very well for its newer age (top 16%) but is more average in terms of living area (top 48%) and assessed value (top 27%) within the neighbourhood.
Q: What is the significance of the detached garage?
A: A detached garage can offer more flexibility for yard layout and potential future projects like a garage studio or workshop. It may also mean a slightly longer walk to the house in winter compared to an attached model.