Property Overview
This 2017-built, two-storey home in Bridgwater Trails offers modern living in a well-established newer neighbourhood. Its key appeal lies in a balance of space, age, and value. With 2,002 sqft of living area, it is notably spacious, ranking in the top 3% on its street and top 10% city-wide. The home is relatively new, newer than 94% of properties in Winnipeg, suggesting modern building standards and less immediate need for major updates. It sits on a decent-sized lot and includes a detached garage. The assessed value has risen steadily since its last sale, indicating solid market appreciation. The basement exists but is unrenovated, presenting a blank canvas for future expansion.
This property would suit first-time buyers or young families looking for a move-in-ready, modern home in a popular suburban community without the premium of a brand-new build. It also appeals to value-conscious buyers who see potential in the unfinished basement to add personalized equity.
Frequently Asked Questions
1. What is the neighbourhood like?
Bridgwater Trails is a master-planned community in Winnipeg known for its newer homes, parks, and pathways. This home is in a well-established section of the neighbourhood, so landscaping and community amenities are more mature than in the newest phases.
2. Is the basement developed?
No, the basement is not renovated. This offers the next owner a chance to finish it to their own taste and needs, whether for extra living space, a home gym, or a rental suite (subject to zoning and permits).
3. How does the assessed value compare to the likely asking price?
The current assessed value is $545,000. It’s important to note that assessed value is for municipal tax purposes and often differs from market value. The home last sold in 2021 for $465,000, and the increase in assessment suggests significant appreciation, which will be reflected in the current market price.
4. What are the property taxes?
Property taxes are calculated based on the assessed value and the City of Winnipeg’s mill rate. With an assessment of $545,000, you can estimate annual taxes to be approximately $3,500 - $4,000, but you should confirm the exact amount.
5. What should I know about the home’s history and condition?
Built in 2017, the home is under 10 years old, so major systems like the roof, furnace, and windows are likely in good condition. It’s always wise to review the Seller’s Property Condition Statement and get a professional home inspection to understand its specific maintenance history and any potential issues.