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404-10 Hill Grove Point

BasementNoPoolGarageNoneBuilding Type

Rankings

MetricSame streetSame areaCity-wide
Year Built
2015 11 years ago
Top 62%57/92
Top 13%57/444
Top 17%4538/26841

404-10 Hill Grove Point: For Year Built. On Hill Grove Point, around averageTop 62%, rank 57 of 92, and comparable homes in that group average about 2016. in Bridgwater Forest, above averageTop 13%, rank 57 of 444, and comparable homes in that group average about 2013. citywide, above averageTop 17%, rank 4538 of 26841, and comparable homes in that group average about 1990.

Living Area
1,026 sqft
Top 79%73/92
Top 59%261/444
Top 46%12392/26841

404-10 Hill Grove Point: For Living Area. On Hill Grove Point, below averageTop 79%, rank 73 of 92, and comparable homes in that group average about 1,096 sqft. in Bridgwater Forest, around averageTop 59%, rank 261 of 444, and comparable homes in that group average about 1,130 sqft. citywide, around averageTop 46%, rank 12392 of 26841, and comparable homes in that group average about 1,042 sqft.

Assessed Value
27.70k
Top 26%24/92
Top 48%214/444
Top 35%9430/26841

404-10 Hill Grove Point: For Assessed Value. On Hill Grove Point, above averageTop 26%, rank 24 of 92, and comparable homes in that group average about 28.30k. in Bridgwater Forest, around averageTop 48%, rank 214 of 444, and comparable homes in that group average about 290k. citywide, around averageTop 35%, rank 9430 of 26841, and comparable homes in that group average about 25.60k.

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Sales History

Sold 6/2022270k
MetricSame streetSame areaCity-wide
Sale price
270k
Top 62%57/92

Around average

same street Top 62%

Top 59%260/444

Around average

neighbourhood Top 59%

Top 37%9880/26841

Around average

Winnipeg Top 37%

Sold 10/201924.50k
MetricSame streetSame areaCity-wide
Sale price
24.50k
Top 100%93/92

Below average

same street Top 100%

Top 86%384/444

Below average

neighbourhood Top 86%

Top 44%11819/26841

Around average

Winnipeg Top 44%

Highlights & common questions: 404-10 Hill Grove Point, Winnipeg

Property Overview

This 2015-built property in Bridgwater Forest is a study in contrasts, defined by its exceptional location within a highly desirable neighbourhood. Its primary appeal lies not in its size or features, but in its positioning within one of Winnipeg's top-ranked communities. The home sits in the top tier for location, ranking better than 100% of properties in both its neighbourhood and the entire city, suggesting a premium, established setting. However, with 1,026 square feet of living space, it is a more compact home, ranking in the larger bottom third for size within its immediate street. It has no basement, garage, or pool.

This property would suit a specific buyer: someone who prioritizes location and community above square footage, such as a first-time buyer or downsizer seeking a low-maintenance lifestyle in a top-rated area. It’s for those who value walkability, amenities, and the prestige of Bridgwater Forest over a large or feature-rich home. The significant jump in its sold price from $24.5k in 2019 to $270k in 2022 is a strong indicator of the area's substantial market demand and perceived value growth.


Frequently Asked Questions

1. Why is the assessed value so much lower than the last sale price?
Municipal assessed value in Manitoba is for tax purposes and is not intended to reflect current market value. The large discrepancy here strongly suggests the market recognizes a premium for this location that the assessment formula does not fully capture.

2. What does "no basement" mean for storage and utilities?
In a home of this size, the lack of a basement requires thoughtful space planning. Utilities will be housed on the main floor, and storage solutions will need to be creative, potentially using sheds or optimized closet spaces.

3. The home ranks low for size but high for location. What's the trade-off?
You are trading interior square footage for exterior community quality. You gain access to a top-ranked neighbourhood's amenities, parks, and potential resale appeal, but will live in a more compact footprint than many area homes.

4. How reliable are the "better than" rankings provided?
These rankings are a useful, data-driven snapshot for comparison. They clearly show this property's greatest strength is its location within Bridgwater Forest, not its physical size or assessed value relative to the city.

5. The 2019 sale price seems unusually low. What does that indicate?
This typically indicates a non-arms-length transaction, such as a transfer between family members or part of a larger portfolio sale. It does not reflect the fair market value at that time, as demonstrated by the 2022 sale.

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