Property Overview: 39 Silver Creek Road, Bridgwater Trails
Key Characteristics & Appeal
This well-maintained two-storey home, built in 2019, offers a modern foundation in the popular Bridgwater Trails neighbourhood. Its key appeal lies in a balance of newer construction and established community living. The home sits on a generous 4,180 sqft lot—larger than most on its street—and features a detached garage. While the living space (1,443 sqft) is comfortable, the property’s standout characteristic is its strong value trajectory. It last sold in June 2024 for $452,800, a sale price that ranks in the top 3% for its street, indicating robust demand and a premium achieved for its specific location and condition. This suggests a home that is both move-in ready and holds solid investment potential.
The property would suit first-time buyers or young families seeking a modern, low-maintenance home in a developed area without paying a premium for brand-new construction. It’s also a sensible choice for value-focused buyers who appreciate data; the recent sale price versus assessed value and the favourable rankings for lot size and home age provide a clear, quantifiable rationale for its worth. The unrenovated basement presents a straightforward blank canvas for future expansion, appealing to those who want to customize space over time.
Frequently Asked Questions
1. What does the "ranking" data actually tell me about this property?
The rankings compare this home against others on its street, in Bridgwater Trails, and across Winnipeg. For example, being "better than 93%" for year built on its street means it's one of the newest homes in that immediate area, a sign of a modern property in a possibly more established section of the neighbourhood.
2. The home sold very recently (June 2024). Why is it back on the market?
While specific personal reasons aren't disclosed, a quick resale can sometimes relate to a change in the buyer's circumstances, not the property itself. The significant price increase from its 2019 sale also suggests it may have been a short-term investment or flip, indicating the property was likely updated.
3. How does the lot size compare to newer homes in the area?
At 4,180 sqft, this lot is notably larger than many in newer subdivisions. Comparing it to the referenced nearby properties (like those on Windflower Road built in 2021), this lot offers more outdoor space, which is often sacrificed in newer builds.
4. The assessed value is significantly lower than the 2024 sale price. Does that matter?
Municipal assessed value is for tax purposes and often lags behind the current market. The recent sale price is the true indicator of its market value. The gap suggests the market currently values this home much higher than the city's assessment, which is common in active areas.
5. What are the implications of the basement being "not renovated"?
This means the basement is unfinished but functional—likely with bare walls, concrete floors, and open ceiling joists. It’s a cost-saving opportunity at purchase, allowing you to finish it to your taste and needs, but it requires planning and budget for a future project.