Property Overview

This two-storey home in Bridgwater Forest is a well-maintained property built in 2012, offering modern living with a renovated basement. Its key appeal lies in the balance of space, recent updates, and its position within a desirable, relatively new neighbourhood. The home sits on a nearly 5,000 sqft lot and features over 2,000 sqft of living space with an attached garage.

The data reveals a nuanced picture. While the lot and living area are comfortably above average for Winnipeg, they are more modest relative to its immediate street and neighbourhood, suggesting a quieter, established part of Bridgwater Forest rather than the largest homes. Its standout characteristic is its newer age—it’s newer than nearly 90% of homes in Winnipeg—which often translates to modern building standards and less immediate maintenance. The renovated basement adds immediate functional space. The current assessed value is notably higher than its 2020 sale price, indicating significant appreciation.

This property would suit a young family or professional couple looking for a move-in ready home in a modern community, who value the peace of mind that comes with a newer build and recent renovations. It’s also a practical choice for those who want the amenities and aesthetic of Bridgwater Forest without the premium for a maximized lot or the largest floor plan on the block.

Frequently Asked Questions

1. How does this home compare in size to others on the street?
The living area is about average for Park Valley Road, ranking in the top 68%. The lot size is slightly smaller than many neighbours, ranking in the top 81% (meaning 81% of lots on the street are larger). This suggests a comfortable home size on a standard lot for the area.

2. The assessed value seems high compared to the 2020 sale price. What does this mean?
The assessed value of $62.5k is for taxation purposes and is not a market valuation. However, the significant increase from its 2020 sale price of $53.7k generally reflects strong market appreciation in the area over the past four years, which is a positive trend for homeowners.

3. What are the less obvious pros and cons of a 2012-built home?
A key advantage is that major components like the roof, windows, and HVAC are likely only halfway through their typical lifespan, deferring big expenses. A less obvious consideration is that the home is now past its builder warranty period, so a thorough inspection is wise to identify any issues that may have emerged as the home settled.

4. Who might this home not suit?
Buyers seeking a premium, oversized lot within Bridgwater Forest, or those who prioritize being in the absolute top tier of home size for their immediate street, might find better options. It’s a solid, modern home rather than a standout in terms of scale.

5. What does the neighbourhood ranking data actually tell me?
The rankings show the home’s position relative to others. For example, living area is “Better than 63% in neighbourhood” (Top 37%). This means the home’s square footage is greater than 63% of homes in Bridgwater Forest, placing it in the top third—a strong position city-wide, but more middle-of-the-pack within this specific, newer community where homes are generally larger.