Property Overview: 11 Timbercrest Court, Bridgwater Lakes

Section 1: Key Characteristics & Appeal

This two-storey home in the modern Bridgwater Lakes neighbourhood presents a compelling blend of space, recent updates, and strong value metrics. Built in 2015, it sits on a generous 5,479 sqft lot and features 2,212 sqft of living space, an attached garage, and a renovated basement. Its appeal lies in its position as a well-maintained, relatively newer home in a sought-after area, offering move-in readiness with room to grow.

The home’s standout feature is its impressive value trajectory. It ranks in the top 10% of Winnipeg for living area and assessed value, and its 2022 sale price of $740K placed it in the top 3% city-wide for sales at that time. This suggests a property that has historically appreciated well and holds a premium position relative to its peers. While the lot is large for the street, the home’s interior space and recent sale performance are its strongest assets.

This property would suit buyers looking for a modern, low-maintenance family home in a planned community, particularly those who value data-driven investment potential. It’s ideal for someone who appreciates a renovated basement for extra living space and is motivated by a home that consistently benchmarks in the upper percentiles for size and value within both the neighbourhood and the broader Winnipeg market.

Section 2: Frequently Asked Questions

1. How does the property’s value compare to its immediate neighbours?
While the home ranks highly for its year-built and past sale price on Timbercrest Court, its lot is the largest on the street. This creates an interesting dynamic: you get more land than the neighbours, but the home’s interior size and recent sale performance are what truly stand out in broader comparisons.

2. The assessed value seems low compared to past sale prices. Why is that?
Manitoba’s property assessments are for municipal tax purposes and are not intended to reflect current market value. The assessed value of $64.9K is a tax classification, not an appraisal. The 2022 sale price of $740K is a far more accurate indicator of its recent market worth.

3. What does the "renovated basement" typically entail in a 2015 home?
In a home of this age, a renovated basement likely means the lower level was finished by the builders or owners shortly after construction. It typically indicates a legal, comfortable living space (e.g., a rec room, bedroom, or bathroom) that adds immediate functional square footage without the need for a major project.

4. The data shows strong city-wide rankings but more moderate neighbourhood ranks. What does this mean?
This highlights the desirability of the Bridgwater Lakes area itself. The home is compared to other high-quality properties in a relatively new, popular neighbourhood. Its metrics are very strong city-wide because it outperforms many older homes across Winnipeg, while within its own competitive area, it remains solidly above average.

5. Is the lack of a pool a drawback for resale in this area?
In the Winnipeg climate, pools are not a standard expectation for resale and are often considered a personal preference due to maintenance. In a modern family neighbourhood like Bridgwater Lakes, features like the renovated basement, generous living area, and attached garage are typically greater priorities for buyers.