Property Overview
This 2019 two-storey home in Bridgwater Trails presents a compelling mix of modern living and established value. Its key appeal lies in being a relatively new build that has already proven its market worth, situated on a spacious lot in a desirable neighbourhood.
Key Characteristics & Ideal Buyer
The home sits on a large 6,085 sqft lot, which is bigger than most in the immediate area, offering great potential for outdoor living, gardening, or future expansion. With 2,453 sqft of living space, it is notably roomier than over 90% of homes in Bridgwater Trails, providing ample space for a growing or established family. The attached garage and unrenovated basement add practical utility and a blank canvas for future customization.
Its strong appeal is rooted in a proven value trajectory. Purchased new in 2019 for $543k, it recently sold for $750k in April 2024. This significant appreciation, combined with its current assessed value being in the top tier for Winnipeg, suggests a solid and desirable investment in a stable community. The data indicates it’s a home that has outpaced many of its local and city-wide peers in value growth.
This property would best suit practical buyers who prioritize space, a modern building envelope, and a sound financial history. It’s ideal for a family seeking a move-in ready home in a newer community without paying a "brand-new" premium, or for a value-conscious buyer who appreciates a large lot and the option to personalize the basement over time.
Frequently Asked Questions
1. How does the recent sale price compare to the assessed value?
The home sold for $750,000 in April 2024, which is significantly higher than its $68,700 assessed value. It’s important to remember that assessed value is for municipal tax purposes and often lags behind the current market, which is clearly strong for this specific property.
2. What does the "unrenovated basement" mean?
The basement is finished but has not been updated since the home was built in 2019. It’s essentially a blank slate—clean and functional, but awaiting your personal touch to modernize or customize it to your needs.
3. The home is newer, but how does its lot size rank?
While the house itself is newer than only 8% of homes on its street, the lot size is a standout feature, ranking better than 60% of its neighbours on Valley Brook Road. You're getting a more established lot size than is typical for a home of this age in the area.
4. What is the neighbourhood profile of Bridgwater Trails?
Based on the data, Bridgwater Trails is a consistently desirable neighbourhood within Winnipeg. This home ranks highly against local comparables for living area, sold price, and assessed value, indicating it's in a sought-after subsection of the community.
5. Has the home's value increased steadily?
The sales history shows a clear and strong upward trend: from $543,000 in 2019 to $750,000 in 2024. This represents substantial growth over five years, outperforming the majority of homes in Winnipeg and demonstrating strong market demand for this property.