Property Overview: 22 Willow Creek Road, Bridgwater Trails
Key Characteristics & Appeal
This well-presented, modern one-storey home in the sought-after Bridgwater Trails community offers a blend of comfortable living and strong investment metrics. Built in 2018, its key features include a renovated basement, an attached garage, and a generous 5,332 sqft lot. The 1,855 sqft living space is notably spacious, ranking within the top 14% of Winnipeg homes for size.
The primary appeal lies in its exceptional value positioning within a newer neighbourhood. The home’s assessed value of $85.3k ranks in the top 2% citywide and top 8% within Bridgwater Trails, suggesting a highly favourable property tax assessment relative to market value. This is underscored by its 2021 sale price of $830k, which also sits in the top 2% for Winnipeg sales, indicating a history of strong market valuation. The property suits buyers seeking a modern, low-maintenance single-level layout in a family-friendly area, with particular appeal for those who appreciate a renovated basement for extra living space and the financial advantage of a low assessed value relative to recent sale prices.
Frequently Asked Questions
1. What does the "rank" data actually mean?
The percentile rankings show how this property compares to others in its immediate street, neighbourhood, and city for specific metrics. For example, its lot size is larger than 77% of homes on its street, while its newer build date is better than 95% of all Winnipeg homes, highlighting its modern construction in an established city context.
2. The assessed value seems very low compared to the last sale price. Why?
This is a notable point. The assessed value ($85.3k) is for municipal tax purposes only and is not an indicator of market value. The significant difference from the 2021 sale price ($830k) is common in Manitoba and often represents a substantial tax advantage, as property taxes are calculated on the assessed value.
3. Is the renovated basement a legal suite?
The listing states the basement is "renovated" but does not specify it as a legal secondary suite. A buyer should verify with the municipality and the seller whether the renovations included proper permits and if the space meets code for a potential rental suite.
4. How does this home compare to others in Bridgwater Trails?
The data shows it is a larger, higher-value home within the community. Its living area is bigger than 59% of neighbourhood homes, and its last sold price was higher than 91% of them, positioning it above average for the area in terms of size and historical market value.
5. The lot is large, but is the backyard private?
With a lot size ranking better than most on the street, there is good outdoor space. However, given the home's location on a regular suburban street, prospective buyers should visit to gauge the specific layout, fencing, and proximity to neighbouring homes to determine the level of privacy.