Property Overview

This two-storey home in Bridgwater Forest, built in 2011, presents a balanced offering for those seeking a modern, low-maintenance lifestyle. Its appeal lies in a combination of above-average space, recent updates, and a strong position within the broader Winnipeg market. The home sits on a nearly 5,000 sqft lot and features over 2,200 sqft of living space, an attached garage, and a renovated basement.

Key Characteristics & Ideal Buyer

The home’s key strength is its proportion of space relative to its age and assessed value. With a living area ranking in the top 5% city-wide, it offers more interior room than most Winnipeg homes. The renovated basement adds immediate functional space without the need for a project. While its lot size and street ranking within Bridgwater Forest are more moderate, the property compensates with a newer build date (top 12% in Winnipeg) and a very strong assessed value ranking (top 5% city-wide), suggesting solid municipal valuation.

Its appeal is practical and data-backed: you get a modern, spacious home in a planned community, with recent sold prices indicating a premium over the assessed value—a point for market optimism. This property would suit a young family or professional couple looking for move-in-ready space without the quirks of an older home. It’s also a sensible choice for value-focused buyers who appreciate that its city-wide rankings (for space, age, and value) significantly outpace its immediate neighbourhood rankings, indicating a potentially well-priced asset in a desirable area.

Frequently Asked Questions

Q: How does this home compare to others on the street?
A: It ranks in the middle of the pack for lot size and year built on Park Valley Road. However, it stands out for its above-average living area and a prior sold price that was better than 58% of street sales, suggesting it has held its value well relative to direct neighbours.

Q: What do the "top X%" rankings mean?
A: These metrics compare this specific property against all others in the stated area (street, neighbourhood, or city) for that particular feature. For example, its living area is in the top 5% in Winnipeg, meaning 95% of homes in the city have less living space.

Q: The assessed value is $63.6k, but it sold for $68.8k in 2022. Why the difference?
A: Municipal assessed value for tax purposes is not the same as market value. The 2022 sale price is a concrete market transaction. The fact that it sold above assessment at that time can indicate strong buyer demand or desirable features not fully captured in the tax assessment.

Q: Is Bridgwater Forest a good community for families?
A: As a modern, master-planned community, it typically offers parks, pathways, and newer schools. The property data shows this home is newer than 88% of homes in Winnipeg, which often correlates with contemporary community planning and amenities geared toward families.

Q: Are the "similar assessed value" properties good comparables?
A: They are fiscal comparables for tax assessment purposes only, as they share the same municipal valuation. They are not in the same neighbourhood, so they differ greatly in location, age, and style. For true market comparison, focus on the "Nearby properties" and recent sales within Bridgwater Forest.