Property Overview: 31 Bridgetown Drive, Royalwood, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of established community living and above-average citywide stature. Built in 2006, it is a modern yet settled property in the desirable Royalwood neighborhood. Its primary appeal lies in its relative value and space: with 1,754 sqft of living area, it offers more room than most Winnipeg homes, yet sits around the average for its own street and neighborhood. This suggests you're buying into a consistent, well-appointed area without paying a premium for the largest house on the block.
The assessed value of $696k tells a clear story. While it is around average for Bridgetown Drive, it ranks within the top 18% in Royalwood and an elite top 4% citywide. This indicates you are acquiring a property in an upper-tier market segment, with the inherent stability and potential that brings. The lot size of 6,911 sqft is also above average both for the street and city, offering generous outdoor space.
This property would suit buyers looking for a move-in ready home in a mature, high-quality suburb. It’s ideal for those who value a strong community footprint (evident in the consistent home sizes and values on the street) and long-term investment, as its metrics suggest it holds its value exceptionally well compared to the broader market. It may particularly appeal to upsizers from older city neighborhoods seeking more modern amenities and space without venturing into the extremes of a brand-new or custom estate home.
Frequently Asked Questions
1. How does this home’s size compare to others in the area?
At 1,754 sqft, the living area is slightly below the street average but above the Winnipeg average. In Royalwood, it is squarely around the typical size, meaning it fits comfortably within the neighborhood norm without standing out as unusually large or small.
2. Why is the assessed value so high compared to the city average?
The assessed value of $696k places the home in the top 4% citywide, reflecting the premium desirability of the Royalwood neighborhood and properties of this caliber. It signifies a purchase in an established, high-value market segment.
3. What does the sold price history from 2016 indicate?
The previous sale in the $550k-$600k range in 2016, which was in the top 11% of citywide prices at that time, demonstrates a long-term trend of this property holding significant value. It underscores the area's sustained market strength.
4. Is the lot size typical for Royalwood?
At 6,911 sqft, the lot is above average for the street but somewhat below the Royalwood neighborhood average of 8,748 sqft. This means you get a generous yard by city standards, though some lots in the broader area are larger.
5. How can I get the exact historical sold prices?
The site provides estimated price ranges. To receive verified, exact sold price figures, you must request them directly via email from the service, as they manually look up and provide this data due to industry regulations.