Property Overview & Key Characteristics
This two-storey home at 54 Willow Creek Road in Bridgwater Trails is a modern, spacious property built in 2017. Its primary appeal lies in its generous proportions and recent updates within a newer Winnipeg community. The nearly 2,900 sq ft of living space is notably larger than most homes on its street and in the wider neighbourhood, placing it in the top tier for size. A key feature is the renovated basement, adding to the functional living area. While the lot is a standard size for the area, the home itself offers significant interior space for the price point, as reflected in its assessed value ranking in the top 1% for Winnipeg.
The property would suit buyers looking for a move-in ready, contemporary home without the wait of new construction, but who still want the modern layout and finishes of a newer build. It’s particularly well-suited for growing families or those who value ample indoor living and entertaining space over an exceptionally large yard. The recent sale in March 2024 suggests a quick turnaround, indicating the home’s market-ready condition and appeal.
Frequently Asked Questions
1. How does the property’s value compare to its recent sale price?
The home sold for $665,200 in March 2024, which is significantly higher than its 2023 assessed value of $88,100. This is a common disparity in active markets, where assessed values for tax purposes often lag behind current market sale prices.
2. Is the neighbourhood still developing?
Bridgwater Trails is a relatively new community. Given the home was built in 2017 and nearby comparables show builds as recent as 2020, some phases may still be under development, offering a blend of established and new homes.
3. What does the "renovated basement" likely include?
While specifics aren't listed, a renovation in a 2017 home typically suggests the basement was finished after the initial build, potentially adding legal bedrooms, a recreational room, or a secondary living space. Verification of permits and the scope of work would be advised.
4. How does this home rank for modernity compared to Winnipeg overall?
With a build year of 2017, it ranks better than 94% of all Winnipeg homes for newness, meaning it is among the newer 6% of properties in the city. This suggests modern building standards, energy efficiency, and less immediate need for major system updates.
5. Has the property appreciated since its last sale?
Yes. It previously sold for $614,000 in May 2017, shortly after being built. The March 2024 sale price of $665,200 indicates appreciation over a seven-year period, including the peak market years.