Property Overview

This two-storey home in Bridgwater Lakes is a well-sized, modern property built in 2014. It sits on a large 6,212 sqft lot and offers 2,446 sqft of living space. The home features an attached garage and an unfinished basement. Its appeal lies in its balance of space, newer construction, and location within a popular master-planned community. The property ranks highly for its lot and living area size compared to most of Winnipeg, suggesting above-average room to grow and live. It last sold in late 2020 for $600,000, and its current assessed value is $684,000.

Key Characteristics & Ideal Buyer

The home’s key strength is its generous proportions, both indoors and on the lot, within a relatively new build. It suits buyers looking for a move-in ready, low-maintenance home from the last decade, but who also value the potential of an unfinished basement for future customization. The lot size is a significant asset, offering more private outdoor space than many newer suburban homes.

Its appeal is practical and family-oriented. The Bridgwater Lakes area is known for its pathways, lakes, and community feel, making it ideal for growing families or professionals seeking a quiet, amenity-rich neighbourhood. The high city-wide rankings for living area and lot size indicate this property offers more space than the vast majority of Winnipeg homes, which is a compelling advantage.

A thoughtful perspective: while the home is newer, the 2014 build date means some major components (like the roof, HVAC, or appliances) may be nearing a decade old and could require attention or updating sooner than a brand-new build. The unfinished basement, while a blank canvas, also represents an immediate project and investment to fully utilize the home’s total square footage.

This property would best suit a buyer who prioritizes interior and exterior space in a modern community, has outgrown a starter home, and is comfortable with either the cost or DIY effort of finishing a basement to meet their long-term needs.

Frequently Asked Questions

1. Why is the current assessed value higher than the last sale price?
Municipal assessments are for taxation purposes and are based on mass appraisal models and market trends at a specific point in time. They do not necessarily reflect the current market value or sale price, which is determined by a buyer and seller. The increase likely reflects general market appreciation in the area since late 2020.

2. What does the ranking data (e.g., "Top 3% in Winnipeg") actually mean?
These rankings compare this specific property metric (like living area) against all listed Winnipeg properties in the database. Being in the "Top 3%" for living area means this home is larger than 97% of homes used in the comparison, highlighting its above-average size.

3. The lot is large, but is the backyard private?
The property has a sizable lot (over 6,200 sqft), which typically allows for good spacing from neighbours. However, lot shape, placement of the home, and neighbouring properties can affect privacy. A site visit is the best way to assess the backyard's specific layout and exposure.

4. What are the pros and cons of an unfinished basement?
The major pro is customization—you can design the space to your exact needs (e.g., rec room, home theatre, suite) without needing to undo previous work. The cons are the immediate additional cost and effort required to insulate, frame, drywall, and finish the space to make it livable.

5. How does the 2020 sale history affect this purchase?
It provides useful context on the home's price trajectory. The $20,000 increase between the July and December 2020 sales suggests strong demand at that time. For a current purchase, it’s more important to compare this home to recently sold similar properties in 2024 to understand its current market value.