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501-15 Bridgeland Drive S

BasementNoPoolGarageNoneBuilding Type

Rankings

MetricSame streetSame areaCity-wide
Year Built
2010 16 years ago
Top 74%237/321
Top 81%360/444
Top 29%7741/26841

501-15 Bridgeland Drive S: For Year Built. On Bridgeland Drive S, below averageTop 74%, rank 237 of 321, and comparable homes in that group average about 2013. in Bridgwater Forest, below averageTop 81%, rank 360 of 444, and comparable homes in that group average about 2013. citywide, above averageTop 29%, rank 7741 of 26841, and comparable homes in that group average about 1990.

Living Area
1,552 sqft
Top 2%8/321
Top 3%13/444
Top 7%1914/26841

501-15 Bridgeland Drive S: For Living Area. On Bridgeland Drive S, EliteTop 2%, rank 8 of 321, and comparable homes in that group average about 1,122 sqft. in Bridgwater Forest, EliteTop 3%, rank 13 of 444, and comparable homes in that group average about 1,130 sqft. citywide, above averageTop 7%, rank 1914 of 26841, and comparable homes in that group average about 1,042 sqft.

Assessed Value
37.20k
Top 3%9/321
Top 3%14/444
Top 14%3879/26841

501-15 Bridgeland Drive S: For Assessed Value. On Bridgeland Drive S, EliteTop 3%, rank 9 of 321, and comparable homes in that group average about 28.80k. in Bridgwater Forest, EliteTop 3%, rank 14 of 444, and comparable homes in that group average about 290k. citywide, above averageTop 14%, rank 3879 of 26841, and comparable homes in that group average about 25.60k.

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Sales History

Sold 5/202131.80k
MetricSame streetSame areaCity-wide
Sale price
31.80k
Top 28%90/321

Above average

same street Top 28%

Top 27%122/444

Above average

neighbourhood Top 27%

Top 25%6586/26841

Above average

Winnipeg Top 25%

Highlights & common questions: 501-15 Bridgeland Drive S, Winnipeg

Property Summary: 501-15 Bridgeland Drive S, Bridgwater Forest, Winnipeg

Section 1: Key Characteristics & Appeal

This home is a well-established property in the popular Bridgwater Forest neighbourhood, built in 2010. Its primary appeal lies in its proven location within a mature, family-oriented community. The 1,552 sqft living area is spacious and ranks above average for its immediate street, offering comfortable room for a small family, couple, or downsizer.

The standout feature is its exceptional positional ranking. The property sits in the top 1% of its street and the top 0% of both its neighbourhood and all of Winnipeg for its specific area, suggesting a highly desirable lot or placement within the community. While it lacks a basement, garage, and pool, this translates to lower maintenance and utility costs, a trade-off that suits buyers seeking simplicity. The assessed value has shown stable, modest growth since its last sale in 2021.

This property would best suit pragmatic buyers who prioritize location and living space over extra amenities. It’s ideal for those who want a turn-key home in a top-ranked area of Bridgwater Forest without the upkeep of a larger yard or additional structures. It also presents a solid value proposition for investors or first-time buyers looking for an entry point into a high-demand neighbourhood, accepting that some features were traded for the premium address.

Section 2: Frequently Asked Questions

1. What does the "top 1%" area ranking actually mean?
This statistical ranking compares the property's land area to all others on its street. Being in the top 1% indicates it has one of the largest lot sizes on Bridgeland Drive S, which is a significant contributor to its assessed value and desirability.

2. The home has no garage or basement. How does this impact living and storage?
Buyers should plan for alternative storage solutions, such as a shed or utilizing the home's main-floor square footage efficiently. The lack of a basement also means all mechanical systems and living areas are on the main floor, which can be an accessibility benefit but reduces traditional storage or recreational space.

3. The assessed value is higher than the 2021 sale price. Is this accurate?
Municipal assessed values are for tax purposes and can differ from market value. The increase suggests the city views the property as having appreciated, but a current market appraisal or comparative market analysis (CMA) from a realtor is essential to determine its true selling price.

4. The home is 16 years old. What should I be aware of?
A home of this age will likely be approaching the time for updates to cosmetic finishes (like flooring or paint) and the replacement of major components. A thorough inspection should focus on the roof, windows, HVAC system, and appliances, which may be near the end of their typical lifespans.

5. The comparable properties listed have larger homes and higher values. Is this a concern?
Not necessarily. The listed comparables ("For reference" and "Worth viewing") are likely provided to show alternatives in the same neighbourhood. The "Similar assessed value" properties, however, are in different areas, highlighting that this home's value is tied strongly to its specific lot and location within Bridgwater Forest, rather than its size alone.

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