Property Overview: 141 Springwater Road, Bridgwater Lakes

Key Characteristics & Appeal

This two-storey home, built in 2020, presents a modern and low-maintenance living opportunity in the popular Bridgwater Lakes community. Its key appeal lies in a combination of newer construction, above-average living space, and a fully renovated basement, offering move-in-ready comfort. With 2,531 sqft of living area, the home ranks in the top 11% for size on its street and neighbourhood, providing ample room for a growing family or those who value spaciousness.

The property’s standout metrics are its assessed value and recent sale price, both ranking in the top 10% or higher compared to the street, neighbourhood, and city of Winnipeg. This suggests a history of strong market valuation. The lot is a generous 5,904 sqft, offering good outdoor space in a community known for its planned amenities, trails, and lakes.

This home is ideally suited for buyers seeking a modern, turnkey property in a family-oriented suburban neighbourhood. It would particularly fit professionals or families who prioritize newer builds (avoiding major immediate repairs), appreciate community amenities, and are looking for a home with a finished basement for extra living or recreational space. The strong comparative rankings indicate a property that has been a high-performer in its class, appealing to value-conscious buyers.

Frequently Asked Questions

1. How does the assessed value compare to the last sale price?
The home was last sold in May 2021 for $950,000. Its current assessed value is $95,600. It’s important to note that in Manitoba, property assessments are not market valuations but are used for calculating municipal taxes. The significant difference is standard; the key metric is how each figure ranks against comparable properties, and both rank in the top tiers locally.

2. What does the "renovated basement" entail?
The listing confirms the basement is finished and renovated, adding valuable livable square footage. For specific details on the quality, layout, and permits for this renovation, prospective buyers should request this information directly from the listing agent or during a viewing.

3. Is the neighbourhood family-friendly?
Bridgwater Lakes is a master-planned community designed with families in mind, featuring parks, walking trails, and water features. The high ranking of this home's metrics within the neighbourhood itself suggests it is among the more desirable properties in an already popular area.

4. Why are the rankings by street, neighbourhood, and city important?
These percentile rankings provide quick, comparative context. For example, the home ranks better than 89% of Winnipeg properties for living area, meaning it is notably larger than most city homes. This data helps gauge how the property stands out in terms of size, value, and age within different geographic circles.

5. What might be a less obvious consideration with a 2020 build?
While a six-year-old home avoids the major systems concerns of an older property, it is now just exiting the typical builder warranty period. A pre-purchase home inspection remains crucial to identify any early wear or issues that may have emerged since construction, ensuring there are no unexpected maintenance needs.