Property Overview: 203 Rowntree Avenue, Bridgwater Trails, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2020, offers modern living in the popular Bridgwater Trails neighbourhood. Its key features include a renovated basement and an attached garage on a near 3,000 sqft lot. The home’s primary appeal lies in its balance of being relatively new while having established upgrades, like the finished basement, which adds immediate functional space.
The data suggests a property of contrasts. It ranks highly for its newness and assessed value compared to most of Winnipeg and its immediate street, indicating a well-regarded and modern asset in a desirable newer community. However, its living space is more moderate in size relative to the neighbourhood, positioning it as an efficient, manageable home rather than a sprawling one. This combination suits first-time buyers or young families seeking a modern, low-maintenance property in a planned community, without the premium for the largest floor plan. It also appeals to value-conscious buyers who prioritize a move-in ready condition with recent renovations over a larger, dated home requiring work.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the likely asking or selling price?
The assessed value is $530k, which ranks in the top 3% on its street and top 14% citywide, indicating official recognition of its worth. Market conditions, the renovated basement, and buyer demand will ultimately determine the sale price, but this assessment suggests a strong valuation foundation.
2. What does the "Sold" history from 2020 tell us?
The home sold for $401k in August 2020. This is a useful baseline showing its original purchase price, highlighting the appreciation in assessed value over four years, which has been significant.
3. The home ranks highly for year-built but lower for living area in the neighbourhood. What does this mean?
This means you are buying a newer home in a community with many older (pre-2020) properties, but one with a moderately sized layout. The appeal is modern construction and systems, with efficient use of space. It may not be the largest home on the block, but it is among the newest.
4. Who might the nearby "similar assessed value" properties be relevant for?
The listed properties in other neighbourhoods with the same $530k assessment are useful for buyers comparing location preferences. They show what value a similar official assessment can get you in different areas, helping to contextualize this home’s market position.
5. Is the lot size a notable feature?
At just under 3,000 sqft, the lot is a good size for the community, offering adequate private outdoor space. It’s larger than 56% of lots on the street, which is a positive, but typical for newer subdivisions, not an exceptionally large parcel.