Property Overview: 248 Del Monica Road, Bridgwater Trails
Section 1: Key Characteristics & Appeal
This is a well-maintained, single-storey home built in 2016, situated on a generous lot in the popular Bridgwater Trails neighbourhood. Its key appeal lies in its modern age and efficient layout, offering a low-maintenance living option. The home features a full, unrenovated basement, presenting a clear opportunity for future expansion or customization to suit a buyer's needs.
The property’s standout characteristic is its comparative value. While its living space is modest for the area, the lot size is above average, and the home itself is notably newer than most in Winnipeg. This creates an interesting proposition: you are acquiring a relatively contemporary structure in a sought-after community, but with the land and basement representing the primary upside potential. It would suit first-time buyers or downsizers looking for a modern, manageable home without major immediate repairs, as well as value-oriented buyers who see potential in finishing the basement or making other improvements over time. The lack of a garage is a trade-off for the lot size and newer build, suggesting outdoor space or future addition possibilities are a priority over enclosed vehicle storage.
Section 2: Frequently Asked Questions
1. What is the true condition of the basement?
The listing confirms the basement exists but is unrenovated. It is essential to view it in person to assess its current state, ceiling height, window sizing, and rough-in locations for plumbing to accurately gauge the scope and cost of any potential development.
2. How does the lack of a garage impact daily life and value?
This is a key consideration for vehicle storage and winter convenience. Buyers should factor in the cost of adding a shed or future garage, if possible, against the benefits of the larger lot. The property’s value metrics already reflect this feature.
3. The assessed value seems low compared to recent sales. Why?
Municipal assessed value is for tax purposes and often lags behind the current market. The more relevant data points are the home’s recent sale history and the selling prices of comparable, updated homes in Bridgwater Trails. The assessment does, however, highlight the property's tax efficiency relative to its market potential.
4. The home ranks low for size on its street. Will it feel too small?
At 1,412 sqft, it is indeed on the compact side for the neighbourhood. This emphasizes its efficiency and likely lower utility costs. The floor plan's functionality will be crucial, and the unrenovated basement directly addresses this by offering the most logical path to gain more living space.
5. The home sold for less in 2020 than in 2017. Is that a concern?
The slight dip in sale price between 2017 and 2020 is unusual and warrants investigation. It may relate to specific past condition issues, market timing, or unique sale terms. A title search and discussion with your agent can provide necessary context, but the overall trend in the area has been positive.