Property Overview & Key Characteristics
This two-storey home in Bridgwater Trails is a modern property, built in 2021, offering a move-in-ready canvas. Its key appeal lies in a combination of new construction benefits and a generous, private lot. With 1,953 sqft of living space and a substantial 11,370 sqft land area, it ranks in the top 6% for lot size within the neighbourhood, providing rare space for gardening, play, or future expansion in this newer community. The home features an attached garage and an unfinished basement, offering potential for customization.
The property suits buyers looking for a modern home in a sought-after area without the need for immediate major renovations. It’s particularly well-suited for growing families or those who value outdoor space and the ability to tailor a basement to their specific needs down the line. A thoughtful perspective is that while the interior living area is fairly typical for the street, the property’s standout value is its significantly larger-than-average lot, suggesting a premium on outdoor privacy and potential that may not be immediately apparent from the floor plan alone.
Frequently Asked Questions
1. How does the assessed value compare to the recent sale price?
The home was last sold in September 2023 for $690,000. Its current assessed value for tax purposes is $589,000. It’s important to note that municipal assessments are for taxation and often lag behind current market values, which are better indicated by the recent sale price.
2. What does the "unfinished basement" condition mean?
The basement is complete but not renovated. It has essential structural and safety elements (like foundation, walls, and likely rough-in for utilities) but requires flooring, walls, ceilings, and finishes to become livable space, allowing the next owner to customize it.
3. The lot size is a standout feature. Are there any restrictions on how it can be used?
While the data highlights the large lot, any plans for significant alterations like additions, decks, or pools would require checking with the city for zoning bylaws and the neighbourhood developer for any restrictive covenants that might apply in Bridgwater Trails.
4. How does this home rank within its immediate area?
The rankings show a mix. While its lot size is superior to most in Winnipeg and Bridgwater Trails, its living area and assessed value are actually the smallest or among the smallest on its specific street (Elm Forest Court). This indicates it may be situated among larger or more upgraded homes, which can be a positive for overall street appeal and property values.
5. Is the property in a flood zone or have any known major issues?
This information is not provided in the available details. A crucial due diligence step would be to review the property disclosure statement, consider a professional home inspection, and consult official flood plain maps for the Bridgwater area.