Property Overview

This renovated one-storey home in Bridgwater Lakes offers a practical, low-maintenance living option in a modern Winnipeg community. Built in 2013, it sits on a generous 4,676 sqft lot and features a detached garage. Its key appeal lies in its updated basement and its position within a newer, master-planned area known for parks and pathways. The data suggests it represents solid value within the broader Winnipeg market, though it is a more compact home relative to its immediate neighbours.

This property would suit first-time buyers seeking a modern, entry-level home in a desirable suburb, or downsizers looking for single-level living without a full condo commitment. Its renovated condition means it’s move-in ready for those wanting to avoid immediate projects.

Key Details & Questions

What are the key characteristics and who is this home for?
The home is a 1,293 sqft bungalow built in 2013, situated on a large lot. Its recently renovated basement adds functional living space. While the home’s living area is smaller than most in Bridgwater Lakes, its assessed value ranks higher than 85% of Winnipeg, indicating good municipal valuation for its type. The detached garage is a plus for storage or hobbies. Its primary appeal is a modern, low-maintenance lifestyle in a sought-after community with newer infrastructure.

What type of buyer would it suit best?
It’s an ideal fit for first-time homeowners or empty-nesters. The single storey layout is manageable, and the renovated condition limits upfront work. Buyers prioritizing lot size over interior square footage—perhaps for gardening, pets, or future expansion—will find value here. It’s less suited for those needing ample above-grade space or top-tier finishes compared to newer builds in the area.

Frequently Asked Questions

1. Is the neighbourhood established?
Yes. Bridgwater Lakes is part of the larger Bridgwater master-planned community, developed over the last 15-20 years. While the home itself is 13 years old, the area’s amenities, landscaping, and community feel are well-established.

2. How does the 2021 sale price relate to today’s value?
The home sold for $460,000 in September 2021. This historical figure is a data point, but current market conditions, interest rates, and any further updates to the home will determine its present market value. It’s a useful benchmark for price trajectory.

3. The living area seems smaller than neighbours. Is the layout efficient?
At 1,293 sqft, the above-grade living area is compact relative to nearby homes. This underscores the importance of viewing the renovated basement, which likely adds significant functional space to the total usable footprint.

4. What does the “rank” data mean for a buyer?
These rankings compare this specific property against others on its street, in the neighbourhood, and across Winnipeg. For example, ranking “Better than 90% in Winnipeg” for year built means it’s newer than most city homes. This data helps gauge how the property fits within different market contexts.

5. Why is the assessed value significantly lower than the past sale price?
Municipal assessed value for taxation purposes is not a direct indicator of market value. It is typically lower and follows a different appraisal methodology. The 2021 sale price is a better reflection of what a buyer previously paid in an open market.