Property Overview: 289 Eagleview Road, Bridgwater Lakes

Key Characteristics & Appeal

This 2018-built, two-storey home in the Bridgwater Lakes neighbourhood offers a modern foundation with key updates, most notably a renovated basement. Its primary appeal lies in being a relatively new construction (newer than 95% of Winnipeg homes) within a popular master-planned community, suggesting lower immediate maintenance and a contemporary layout. The detached garage and a good-sized lot of over 4,700 sqft provide space and flexibility not always found in newer subdivisions.

The home’s profile is one of solid value and practicality. It suits first-time buyers or young families looking for a move-in-ready, modern home without the premium of a brand-new build. It also appeals to value-conscious buyers who prioritize a newer roof, furnace, and major systems, and who see the renovated basement as a finished space rather than a project. The data suggests it’s a competitively assessed property within the wider Winnipeg market, offering a balance between the amenities of a newer community and established value.

A less obvious perspective is its positioning within its immediate street and neighbourhood. While its assessed value ranks highly city-wide, it is more moderately positioned among its closest neighbours. This could represent an opportunity to enter a desirable street at a accessible point, with potential for value growth as the community continues to mature.

Frequently Asked Questions

1. What does the "renovated basement" likely include?
While specifics would require confirmation, a basement renovation in a home of this age typically means it has been finished into a livable space, potentially including drywall, flooring, ceilings, and proper lighting, adding valuable functional square footage.

2. How does the living space compare to other homes in the area?
At 1,515 sqft, the living area is modest for the neighbourhood, ranking in the lower third locally. This indicates a efficient, likely easier-to-maintain floor plan compared to larger homes, which may align perfectly with buyers seeking a cozy, modern layout without excess space.

3. The assessed value is much higher than the last sale price. Does this mean it’s overvalued?
Not necessarily. The current assessment ($55.10k) is in line with similar properties city-wide and reflects the municipal valuation for tax purposes. The 2022 sale price ($54.50k) is a historical market snapshot. The assessment suggests the property’s taxable value has held steady, but the current market price is determined by today’s conditions.

4. What are the pros and cons of a detached garage?
Pros include reduced noise and smell entry into the home, flexibility for a workshop, and often simpler construction for future modifications. A potential con is the inconvenience of accessing your vehicle in Winnipeg’s winter weather compared to an attached garage.

5. Is this a good investment for the Bridgwater Lakes area?
The home’s newer age is a significant advantage in a community with varying build years. Its key update (basement) is done, and its lot size is above average. While not the largest home on the street, its modern fundamentals and finished space provide a strong base for stable long-term value in a sought-after neighbourhood.