400-10 Hill Grove Point

Property Overview

This 1,815 sqft home, built in 2015, is situated in the popular Bridgwater Forest neighbourhood. Its primary appeal lies in a combination of modern construction, above-average living space for the area, and a location that ranks exceptionally high within Winnipeg. The data suggests a property that has seen steady value appreciation, selling for $460K in 2020 and $500K in mid-2024. It suits buyers looking for a relatively newer, low-maintenance home in a top-rated community, particularly those who prioritize neighbourhood prestige and a modern floor plan over features like a private garage or basement. A thoughtful perspective is that while it lacks some traditional amenities, its strong rankings indicate you are paying for the desirability of the location and the structure itself, which may appeal to those valuing community over private property features.

Key Details & Suitability

• Key Characteristics: A modern, 11-year-old home with no basement, no private garage, and no pool. It offers a generous 1,815 sqft of living space, which is larger than 76% of homes on its street.
• Primary Appeal: The standout feature is its location. It ranks in the top 3% on its street, top 0% in its neighbourhood, and top 0% city-wide, indicating an exceptionally well-regarded setting within Bridgwater Forest. The consistent value growth over two sales transactions also points to a solid investment in a stable area.
• Ideal Buyer: This property is well-suited for professionals, small families, or downsizers seeking a modern, single-level living space in one of Winnipeg's most sought-after master-planned communities. It would suit those who prefer community amenities and newer home efficiencies over the maintenance of a larger lot, basement, or private garage.

Frequently Asked Questions

1. What does "no garage" mean in practice for this property?
While the home has no private garage, Bridgwater Forest is a master-planned community with alley-loaded lanes and potential for street parking. Buyers should investigate if there is a designated parking pad or the possibility to add one, and consider the community's overall parking culture.

2. The assessed value is much lower than the sale price. Why?
Municipal assessed value for tax purposes often lags behind current market values, especially in appreciating markets. The recent sale price of $500K is the true indicator of its current market worth.

3. How significant are the high neighbourhood and city rankings?
These percentile rankings (e.g., top 0% in Winnipeg) are a strong, data-driven indicator of overall desirability. They typically reflect a combination of factors like school zones, safety, amenities, and community upkeep, suggesting this is among the most premium locations in the city.

4. With no basement, is there sufficient storage?
This is a key consideration. Buyers should carefully evaluate the home's built-in storage solutions, such as closets and attic space, and may need to plan for creative storage options or the use of a shed, if permitted.

5. The home sold recently in 2024. Why is it back on the market?
Without specific disclosure, this is unknown. However, a quick resale isn't inherently negative. It could be due to a change in the owner's personal circumstances, a relocation, or an investment property being liquidated. A title search and a thorough home inspection are always recommended.