Property Overview: 196 Landover Drive, Bridgwater Trails
Key Characteristics & Appeal
This is a modern, two-storey home built in 2018, situated on a generous lot in Winnipeg's Bridgwater Trails community. Its primary appeal lies in offering contemporary living in a sought-after, newer neighbourhood without the premium price of a brand-new build. The home features 1,503 sqft of living space, an attached garage, and a full basement awaiting personalization.
The property presents a compelling value proposition. While its assessed value is modest compared to recent sale prices, it sold for $480k in late 2023—a price that ranks competitively within the wider Winnipeg market. This suggests buyers are paying for the desirable location and modern amenities rather than the municipal valuation. The lot size is a significant asset, ranking better than most on the street, offering more outdoor space than many newer properties.
This home would suit first-time buyers or young families seeking a move-in ready, low-maintenance property in a community with modern infrastructure. It’s also a practical choice for value-conscious buyers who see potential in the unfinished basement, as it allows for equity growth through future renovation. A less obvious perspective is its appeal to data-driven buyers: the home’s performance metrics (like its top 5% ranking for building age in Winnipeg) provide concrete, comparative reassurance about its modern construction amidst an older city housing stock.
Frequently Asked Questions
1. Why is there such a difference between the Assessed Value and the recent sale price?
Municipal assessments for tax purposes often lag behind market values, especially in desirable, newer neighbourhoods. The sale price reflects what buyers are currently willing to pay for the location, modern build, and community amenities.
2. What is the condition of the basement?
The listing specifies the basement exists but is "not renovated." Buyers should anticipate it as unfinished space, which presents a blank canvas for future expansion but will require investment to complete.
3. How does this home compare to others in Bridgwater Trails?
The home’s living area is somewhat typical for the neighbourhood, but it sits on a larger-than-average lot for the street. Its 2018 build date makes it newer than over half the homes in the immediate area.
4. Is the $480k sale price from 2023 a good indicator of current value?
While a recent sale is a strong data point, current market conditions must be considered. It establishes a firm baseline, but the final price will depend on present supply, demand, and the property's condition since that sale.
5. What are the known advantages of the Bridgwater Trails community?
As a modern development, it typically offers newer schools, parks, and walking trails with contemporary urban planning. Prospective buyers should research specific community fees, amenities, and the completion level of planned neighbourhood features.