Property Overview: 785 Bridge Lake Drive
Key Characteristics & Appeal
This is a modern, two-storey home built in 2020, offering a move-in-ready foundation in the popular Bridgwater Trails neighbourhood. Its key appeal lies in its balance of being a relatively new build (newer than 97% of Winnipeg homes) on a generous lot, providing room to grow. With 1,564 sqft of living space, an attached garage, and an unrenovated basement, it presents a clean canvas for personalization. The home suits first-time buyers or young families looking for a contemporary community without the premium of a brand-new build, and it’s ideal for buyers who value a larger yard (its lot size ranks highly) and see potential in finishing the basement to their own taste. A thoughtful perspective is its 2022 sale price, which was notably higher than its current assessed value, suggesting a potential opportunity in the current market for value-conscious purchasers.
Frequently Asked Questions
1. What is the neighbourhood like?
Bridgwater Trails is a master-planned, family-oriented community in south Winnipeg with parks, pathways, and nearby amenities. This specific street is very new, with most homes built around the same time.
2. Is the basement finished?
No, the basement is unfinished. This is a key feature for buyers looking to add value and customize the additional space to their needs, such as creating a rec room, home office, or extra bedroom.
3. How does this home compare to others nearby?
The home sits on a larger-than-average lot for the area. While its living space is moderately sized compared to immediate neighbours, it is newer than most. Nearby comparable listings suggest competitive pricing within the broader Bridgwater area.
4. What are the property taxes likely to be?
Taxes would be based on the current assessed value of $47,600. You can use this figure with the City of Winnipeg's mill rate for an accurate estimate of annual taxes.
5. Why did it sell for more in 2022 than its current assessed value?
Market conditions have shifted since its last sale. The assessed value is an estimate for taxation purposes, not a market price. The difference may reflect broader market changes and presents a discussion point for your offer.