Property Overview: 133 Springwater Road, Bridgwater Lakes

Key Features & Ideal Buyer

This modern two-storey home, built in 2019, sits on a generous lot in the popular Bridgwater Lakes community. Its key appeal lies in a combination of contemporary living, a desirable location, and strong value indicators. The home features a renovated basement and an attached garage, with a living space that ranks comfortably above average for Winnipeg. The property’s assessed value is notably high relative to the city, suggesting solid municipal valuation, and its last sale price in 2022 places it among the top tier of local transactions. This isn't just a new house; it's a home in a well-established, newer neighbourhood that has already demonstrated significant market appeal.

The property would suit buyers looking for a move-in ready home in a modern community without the wait and uncertainties of new construction. It’s particularly fitting for professionals or growing families who value space, contemporary neighbourhood design, and the stability of a home that is past its initial settling phase. The strong rankings in assessed and past sale value also make it a sensible consideration for the value-conscious buyer who views a home as a long-term investment.

Frequently Asked Questions

1. How does the lot size compare to others in the area?
At just under 5,900 sqft, the land area is larger than about 66% of properties on the same street, offering above-average outdoor space for the immediate area.

2. The home was last sold in 2022. What does that recent sale price indicate?
The $1,000,000 sale price two years ago placed it in the top 6% of sales on its street and the top 1% for Winnipeg at that time, reflecting a premium valuation in a sought-after location.

3. Is the basement development reflected in the assessed value?
The assessed value of $906,000 is significantly higher than the Winnipeg average and accounts for the home's complete condition, including the renovated basement.

4. What does the "Year Built" ranking mean for maintenance?
Built in 2019, the home is newer than 96% of properties in Winnipeg. This suggests major components like the roof, HVAC, and appliances are likely still under or just approaching the end of their original warranty periods, potentially reducing near-term repair costs.

5. How does the living space compare to the neighbourhood?
At 2,196 sqft, the living area is larger than approximately 63% of homes in Bridgwater Lakes, providing ample room relative to the community standard.