Property Overview: 40 Glen Ivy Court, Bridgwater Trails, Winnipeg
Key Characteristics & Appeal
This is a modern, two-storey home built in 2021, offering a move-in-ready opportunity in the popular Bridgwater Trails community. Its key appeal lies in its balance of new construction benefits and established neighbourhood living. The home features a generous 1,842 sqft of living space and a large 5,355 sqft lot, with an attached garage and a full (though unrenovated) basement providing ample room for storage or future expansion.
The property’s strength is its above-average standing within a newer area. It ranks in the top tier for its newness compared to almost all homes in Winnipeg and its immediate street, meaning it likely requires less immediate upkeep than older stock. While the interior is modern, the unrenovated basement presents a clean slate for customization. This home would suit first-time buyers or young families seeking a contemporary layout without the wait of a new build, as well as practical buyers who value space and prefer to tailor finishes to their own taste over time. A thoughtful perspective is that while the assessed value has risen since its 2021 sale, its current valuation is competitive within its immediate circle, suggesting it is positioned within the market norm for the area rather than at a premium.
Frequently Asked Questions
1. How does this home compare to others on the street?
It ranks above average for both lot size and living area on Glen Ivy Court. Most notably, it is the newest home on the street, being newer than 96% of its direct neighbours.
2. What does the "unrenovated basement" imply?
The basement is finished as part of the original 2021 build but has not been subsequently upgraded. It offers functional space as-is, but allows the next owner to customize it without the need for demolition.
3. Is the assessed value the same as the listing price?
No. The assessed value ($541,000) is for municipal tax purposes. The listing price is set by the seller and is influenced by current market conditions, recent comparable sales, and the home’s specific features.
4. What is the Bridgwater Trails neighbourhood like?
Bridgwater Trails is a master-planned community in south Winnipeg known for its newer homes, parks, pathways, and planned amenities. It typically attracts families and professionals seeking modern suburban living.
5. Why is the 2021 sale price significantly lower than the current assessed value?
The home was likely purchased new from the builder in early 2021. The increase in assessed value reflects both the natural appreciation after the initial purchase and broader market trends over the past few years.