Property Overview: 36 Stone Meadow Road, Bridgwater Trails
Key Characteristics & Appeal
This two-storey home, built in 2016, offers a modern foundation in the popular Bridgwater Trails neighbourhood. Its key appeal lies in a combination of above-average living space and a history of solid value appreciation. With 1,943 sqft of living area, it is notably larger than most homes on its street and in the wider Winnipeg area, providing ample room for a growing household or those who value spaciousness. The property sits on a standard 3,778 sqft lot and includes a basement (unrenovated) and no garage.
The home suits first-time buyers or young families looking for a relatively newer build in a developed community, who are comfortable with a property that offers a blank canvas for future upgrades. Its strong rankings for living space and recent sale price within its immediate area suggest it is a well-sized home in its local context. A thoughtful perspective is its apparent "sweat equity" potential; the unrenovated basement and lack of a garage present clear opportunities for a buyer to add value and customize the property to their needs over time, which is reflected in its assessed value being below the recent sale price.
Frequently Asked Questions
1. How does the property's value trend look?
The home sold for $52.20k in May 2024, which is significantly above its 2016 purchase price of $36.50k and its current assessed value of $47.70k. This indicates a history of appreciation and a recent sale that outperformed many comparable properties in Winnipeg.
2. What are the trade-offs for the above-average living space?
To gain that larger interior footprint, the property makes common trade-offs for newer neighbourhoods: a standard-sized lot, no garage, and a basement that awaits finishing. It prioritizes interior room over additional outbuildings or landscaped outdoor space.
3. How does it rank within Bridgwater Trails?
Its rankings are mixed. It excels in living area (top 35% in the neighbourhood) and recent sale price (top 52%). However, it ranks lower for lot size (top 79%) and year built (top 84%), meaning it's on the smaller, older side within Bridgwater Trails itself, but still newer than most of Winnipeg.
4. Is the basement included in the living area square footage?
No. The listed living area of 1,943 sqft refers to the above-grade finished space. The basement is a separate, unrenovated area that provides additional potential space.
5. What is the context of the "Sold 10/2016" price?
The $36.50k sale in October 2016 was likely the original purchase price when the home was newly built. The increase to $52.20k in 2024 shows the market value growth over an 8-year period.