Property Overview
This two-storey home in Bridgwater Trails presents a compelling blend of modern comfort and established value. Built in 2017, it offers a move-in-ready condition with key updates like a renovated basement. The home sits on a generous 5,235 sqft lot and features 1,925 sqft of living space, an attached garage, and no pool.
Its appeal lies in its strong positioning within a newer community. The data suggests a property that has appreciated well since its last sale, now holding an assessed value that ranks in the top tier for Winnipeg. It offers more space, both indoors and on the lot, than many comparable homes in the immediate area. This is a home for buyers who want the finish and layout of a modern build without being in a brand-new construction zone, preferring a neighbourhood that has begun to mature. It would suit growing families or professionals looking for a low-maintenance, spacious home in a sought-after suburban area, with the added benefit of a finished basement for extra living or recreational space.
Frequently Asked Questions
1. How does the assessed value compare to the likely asking price?
The current assessed value is $59.70k, but it's crucial to understand this is a municipal assessment for tax purposes, not a market valuation. The home last sold for $44.70k in 2017, and the significant increase in its assessed value since then generally reflects strong market appreciation in the area. The actual listing price will be determined by current market conditions.
2. The home ranks very well in Winnipeg overall, but lower in the neighbourhood for year built. What does this mean?
This indicates Bridgwater Trails is a relatively new community where many homes are of a similar recent vintage. While this home is newer than 94% of all homes in Winnipeg, it's around the average age for its own neighbourhood. This isn't a drawback, but rather a sign you're buying into an established, modern subdivision rather than one of the newest phases.
3. What is the significance of the lot size ranking?
At 5,235 sqft, the lot is larger than 57% of others on the street and 62% in the neighbourhood. In newer communities where lots can be narrower, having a plot that ranks above average provides valuable extra outdoor space for gardening, play, or entertaining, which is a lasting advantage.
4. The home sold for much less in 2017. Is this a concern?
No, this is typical and expected. The 2017 sale price likely reflects its initial purchase as a new or nearly new home. The consistent rise in both assessed and market values since then is a positive indicator of the property's and area's growth.
5. What can we infer from the "similar assessed value" properties listed?
These homes are used for tax assessment comparison and are located in various neighbourhoods across Winnipeg. Their similar assessed values suggest this home offers a comparable level of municipal valuation to properties in other established areas, but it's important to visit and compare the specific features, condition, and communities directly.