224-235 Bridgeland Drive S

Property Overview

This 840 sqft property, built in 2015, is located in the Bridgwater Forest neighbourhood of Winnipeg. Its primary appeal lies in its modern build year within a newer, master-planned community, offering a low-maintenance lifestyle. The data suggests it is a compact, entry-level property, likely a condo or townhouse style unit given the lack of a private garage and basement.

Key Characteristics & Ideal Buyer

The standout feature is the property’s age; built just 11 years ago, it ranks in the top 10% for newness both locally and city-wide, meaning major components are unlikely to need immediate replacement. Its appeal is grounded in modern efficiency and location within a sought-after, family-oriented community with newer amenities. The very low assessed and recent sold values indicate it is one of the most accessible entry points into this neighbourhood.

This property would best suit a first-time homebuyer or an investor looking for a modern, turnkey unit in a high-demand area without a premium price tag. It could also appeal to a downsizer seeking a newer, single-level living space with minimal upkeep. A thoughtful perspective is that while the living space is compact, the trade-off grants access to Bridgwater Forest’s parks, pathways, and community vibe without the maintenance burdens of an older or larger home. The sales history shows stable value, suggesting it’s a practical, not speculative, holding.

Frequently Asked Questions

1. What type of property is this exactly?
Based on the details (no basement, no private garage, 840 sqft), this is almost certainly a condominium or townhouse unit, likely part of a low-rise or row-house complex. Prospective buyers should confirm strata/condo fees and rules.

2. Why is the assessed value so much lower than the recent sale price?
Manitoba’s assessed value for tax purposes is often significantly below market value. The 2023 sale price of $238k is the true indicator of its current market worth.

3. The living area ranks lower than most in the area. Is it too small?
At 840 sqft, it is compact. This is reflected in its price, making it a strategic choice for those prioritizing location and a modern build over square footage. It’s efficient for one or two people.

4. What do the "rank" percentages next to each feature mean?
They show how this property compares to others in its immediate street, neighbourhood, and city. For example, ranking in the "Top 1%" for its street means 99% of properties on that street are larger, highlighting that this is one of the smaller units available in that specific location.

5. The property sold twice in two years. Is that a concern?
Not necessarily. The 2021 to 2023 sale shows a reasonable increase in value, consistent with the market period. The quick turnover could be due to many common, non-problematic reasons like an owner’s relocation or life change.