Property Overview
This two-storey home at 5 Arbourwood Court in Bridgwater Trails is a modern property built in 2019, offering a low-maintenance start in a newer Winnipeg community. Its key appeal lies in its contemporary build, which means fewer immediate repair concerns compared to older homes, and its attached garage on a good-sized lot. The home suits first-time buyers or young families looking for a move-in-ready house in a developing area, or investors attracted by the potential for basement development, as it is currently unfinished. It’s worth noting that while the home itself is newer, its living space is more compact compared to many in the immediate street and neighbourhood, suggesting a focus on efficient living rather than spaciousness. The property’s last sale price was significantly higher than its current assessed value, which may present an opportunity but also warrants a closer look at current market conditions.
Frequently Asked Questions
1. How does the property’s size compare to the neighbourhood?
The living area of 1,348 sq ft is below average for both Arbourwood Court and the wider Bridgwater Trails neighbourhood, placing it in the top 90% and 93% for size (meaning 90% and 93% of homes are larger). This indicates a more compact, efficient floor plan.
2. What does the assessed value versus the last sale price indicate?
The home was last sold for $530,000 in September 2022 but is currently assessed at $420,000. This gap likely reflects broader market shifts since 2022 and is a critical figure to discuss with your real estate agent when determining a current fair offer.
3. Is the basement finished?
No, the basement is not renovated. This presents both a cost and an opportunity—it allows a new owner to customize the space to their needs but requires an additional investment to finish.
4. How does the property rank for year built in Winnipeg?
Built in 2019, it is newer than approximately 96% of homes in Winnipeg, a significant advantage for those seeking modern construction standards and systems.
5. What are the property taxes likely to be?
Property taxes are calculated based on the assessed value of $420,000 and the City of Winnipeg’s mill rate. You can estimate your annual tax bill by multiplying the assessed value by the current residential mill rate (consult the City of Winnipeg website for the exact rate).