Property Overview & Key Characteristics
This two-storey home in Bridgwater Trails is a modern, low-maintenance property built in 2021. Its key appeal lies in its balance of being a newer build with a renovated basement, situated on a generous 4,180 sqft lot. The data suggests a home that offers modern systems and finishes without the immediate need for major updates.
The property’s standout characteristic is its newness; it is newer than 98% of homes in Winnipeg, which is a significant advantage for buyers seeking energy efficiency, contemporary layouts, and minimal repair concerns in the near term. The renovated basement adds immediate functional living space. However, the living area (1,404 sqft) is more compact relative to the lot size and some neighbouring homes, indicating a focus on outdoor space or a more efficient footprint. It would suit first-time buyers, young professionals, or small families who prioritize a modern, move-in-ready home in a developing community over expansive interior square footage. Its value proposition is for the buyer who wants a newer construction with a finished basement, is comfortable with a standard-sized interior, and may see potential in the larger lot.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A viewing or follow-up with the listing agent is necessary to determine if it includes a legal suite, additional bedrooms, a recreational room, or simply finished living space.
2. How does the lack of a garage impact daily life and value?
The property has no garage, which is a consideration for vehicle security, storage, and winter weather. The large lot may offer space for a future garage (subject to permits and covenants), but buyers should factor in the cost and hassle of parking without one, especially in a newer neighbourhood where many homes include them.
3. The assessed value seems low. Is this accurate?
The assessed value is for municipal tax purposes and is not a market valuation. It is influenced by mass appraisal formulas and sale prices from prior years. The market value is determined by current buyer demand, recent comparable sales, and the listing price.
4. The home sold twice in 2021. Is that a concern?
The two sales in 2021 (likely from builder to first owner, then a quick resale) are common in new developments. It doesn't inherently indicate a problem but is worth asking the seller or agent about to understand the history. The steady increase in sale price during that year is typical for a new home.
5. How does this home compare to others on the street?
The data provides a nuanced picture: the home is on a larger-than-average lot for the street but has a smaller-than-average living area. It is also one of the newest homes on the block. This suggests you're buying a premium lot and modern build, but not the most spacious interior in the immediate area.