Property Overview: 796 Bridge Lake Drive, Bridgwater Trails
Key Characteristics & Appeal
This two-storey home, built in 2019, offers modern living in the popular Bridgwater Trails neighbourhood. Its key characteristics include a 1,557 sqft living area, an attached garage, and a full (though unrenovated) basement on a 2,991 sqft lot. The home’s primary appeal lies in its relative newness, being newer than approximately 96% of homes in Winnipeg, which suggests modern building standards and less immediate need for major updates. It suits first-time buyers or young families seeking a move-in ready, low-maintenance home in a newer community. A thoughtful perspective is its position as a solid, middle-of-the-road option within its immediate area—it doesn’t top the charts for size or value rank on its street, but it represents a stable, contemporary property in a consistently developing part of the city. Its recent sale history shows steady value appreciation, indicating it’s in a maturing area.
Frequently Asked Questions
1. How does this home compare to others on the street?
The home ranks better than only 18% of properties on Bridge Lake Drive for lot size, but it is newer than 75% of them. This suggests you’re getting a more modern home, but on a potentially smaller or more standard lot compared to some neighbours.
2. What does the assessed value versus recent sale price indicate?
The city’s assessed value is $44.50k, but it sold for $48.10k in early 2023. This gap is common and indicates the market value at that time was higher than the municipal assessment, which can lag behind. It’s a useful data point for understanding recent market activity.
3. Is the basement finished?
No, the basement is noted as “not renovated,” meaning it is unfinished. This presents both a cost for future development and an opportunity to customize the space to your needs.
4. What is the neighbourhood ranking based on?
The rankings (e.g., “Top 87% in neighbourhood”) compare this property against others in Bridgwater Trails for specific metrics like lot size, year built, and assessed value. A lower “Top” percentage (like Top 90%) means the property ranks in the bottom 10% for that specific measure in that area.
5. Has the property value increased since it was first sold?
Yes. It first sold in November 2019 for $34.70k and then again in February 2023 for $48.10k, showing a significant increase in sale price over that roughly 3-year period.