Property Overview: 45 Willow Creek Road, Bridgwater Trails
Key Characteristics & Appeal
This two-storey home, built in 2016, sits on a generous 4,835 sqft lot in the popular Bridgwater Trails neighbourhood. Its key features include a renovated basement and a detached garage. With 1,715 sqft of living space, the home offers modern, functional family living.
The primary appeal lies in its balance of space, location, and value within a newer community. While its lot size ranks highly for the area, the home itself presents as a solid, mid-range option in the neighbourhood—neither the newest nor the largest, but well-positioned. Its assessed value is notably strong compared to most of Winnipeg, suggesting good municipal valuation relative to the market. A significant data point is its 2022 sale at $620k, which far exceeds the current assessed value, indicating strong past market performance and potential buyer demand for the specific property.
This home would suit first-time buyers or young families looking for a move-in ready property in a master-planned community with newer amenities. It’s also a practical choice for value-oriented buyers who appreciate a larger yard and the upside of an already renovated basement, avoiding a major immediate project.
Frequently Asked Questions
1. How does the 2022 sale price compare to today’s likely value?
The home sold for $620k in September 2022, near the peak of a hot market. While this shows the property’s desirability, current value would be influenced by today’s market conditions. The significant gap between that sale price and the current assessed value is an important point to discuss with a real estate professional.
2. What does the "rank" data for the street and neighbourhood mean?
The rankings compare this property against others on the same street, in Bridgwater Trails, and across Winnipeg. For example, while its lot size is larger than most on Willow Creek Road, the building itself is newer than only 14% of homes on the street. This highlights a mix: a premium lot size with a house that is moderately aged for this specific, newer subdivision.
3. Is the renovated basement a legal suite?
The listing notes a "renovated basement" but does not specify it as a legal secondary suite. Buyers should verify the permits and compliance of the renovation to understand its legal status and potential for rental income.
4. How does this home compare to newer builds in Bridgwater Trails?
Built in 2016, this home is older than roughly 84% of homes in the neighbourhood, as many in Bridgwater Trails are very recent constructions. The trade-off is often a more established lot and landscaping compared to a brand-new build, potentially at a different price point.
5. Why is the assessed value so much lower than the 2022 sale price?
Municipal assessed value for taxation purposes often lags behind actual market sale prices and is calculated using a different methodology. The assessed value is not an appraisal or current market value. The historical sale price is a better indicator of what a buyer was willing to pay under past market conditions.