Property Overview: 49 Willow Creek Road
Key Characteristics, Appeal & Ideal Buyer
This two-storey home in Bridgwater Trails, built in 2016, presents a practical opportunity in a modern Winnipeg neighbourhood. Its key feature is a renovated basement, adding immediate livable space to the 1,670 sqft footprint. The home sits on a standard lot with a detached garage.
The appeal here is grounded in value and move-in readiness. The 2024 sale price of $590k is notably higher than the current assessed value of $520k, suggesting recent updates or a competitive purchase. While its size and lot rank in the lower half within its immediate street, it holds its own better in the wider neighbourhood and city context, particularly for its newer age (top 7% in Winnipeg) and living area size (top 20% in Winnipeg). This creates a dynamic where the home feels more contemporary and spacious compared to much of the city, but is average among its newer Bridgwater peers.
It would suit a first-time move-up buyer or a young family looking for a modern, low-maintenance home without needing to build. The renovated basement offers flexibility for a home office, gym, or extra living area from day one. A buyer should be comfortable with the fact that, on its specific street, comparable properties often have larger lots and living areas, but may value the home’s relative newness and condition within the broader market.
Frequently Asked Questions
Q: The assessed value is $520k, but it sold for $590k in 2024. Why the difference?
A: This is common and can be due to recent renovations (like the basement), market conditions at the time of sale, or specific buyer demand. Assessments are for taxation and often lag behind current market values and property improvements.
Q: How does this home really compare to others on Willow Creek Road?
A: The data shows it ranks lower for lot size, living area, and assessed value compared to most direct neighbours. This suggests homes on this street are often larger or on bigger lots. However, its newer build date is an advantage over some.
Q: What does the "renovated basement" likely include?
A: While specifics aren't listed, a renovated basement typically means it is finished as livable space with proper flooring, walls, and ceiling, and may include a recreation room, bedroom, or bathroom. It implies no major immediate work is needed.
Q: Is the detached garage a drawback?
A: It depends on preference. A detached garage can offer more flexibility for a workshop or reduce noise in the house, but it is less convenient in winter than an attached garage. It's a common feature in many neighbourhoods.
Q: The home sold for $455k in 2019 and $590k in 2024. Does that indicate strong appreciation?
A: While the price increased, this reflects both broader market trends and any improvements made. Comparing it to the assessed value and neighbourhood rankings suggests its market position has been maintained, but it's wise to research recent sales of similar homes for the most current picture.