Property Summary: 23 Charlottetown Road, Bridgwater Forest

Key Characteristics & Appeal

This two-storey home in the popular Bridgwater Forest neighbourhood is positioned as a solid, modern family property. Built in 2011, it sits on a notably large lot of over 11,400 sqft, which ranks in the top 7% for size within the neighbourhood. This generous outdoor space is a key asset, offering significant potential for gardening, recreation, or future expansion. The home itself offers nearly 2,000 sqft of living space with an attached garage and an unfinished basement, presenting a blank canvas for future customization.

Its primary appeal lies in its established location within a sought-after, relatively new community, combined with the rarity of a larger lot. The recent sale price in August 2024 suggests strong market recognition. It would suit buyers looking for a move-in ready home in a family-oriented area who also value the long-term potential that a sizable, unrenovated basement and a premium lot size provide. It’s a practical choice for those who see value in both the present condition and the future possibilities the property holds.

Frequently Asked Questions

1. How does the lot size compare to others nearby?
The 11,438 sqft lot is a standout feature, ranking larger than 93% of lots in Bridgwater Forest. This is significantly above average for the area, offering more private outdoor space than most neighbouring properties.

2. Is the basement developed?
No, the basement is noted as unfinished. This is often seen as a positive for buyers wanting to customize the space to their own needs, though it requires planning and investment for development.

3. How does the recent sale price compare to the city assessment?
The home sold for $600,000 in August 2024, which is substantially higher than its $55,400 assessed value. It’s important to remember that municipal assessments in Manitoba are primarily for tax purposes and often do not reflect current market value, which is determined by recent sales of comparable homes.

4. What is the neighbourhood ranking based on?
The rankings provided compare this property’s specific metrics (like lot size, year built, and sold price) against all other properties on its street, in Bridgwater Forest, and across Winnipeg. For example, its sold price ranks better than 93% of all Winnipeg homes, indicating it was a higher-value transaction city-wide.

5. Are the nearby and similar-value listings direct comparisons?
The listed properties are provided for context. Nearby addresses show physical proximity, while "similar assessed value" listings only match the city's tax assessment figure, not necessarily the market value, style, or condition of the home. They highlight how assessment values can be similar across very different locations and property types.