Property Overview & Key Characteristics

This two-storey home in Bridgwater Lakes is a modern, well-situated property built in 2016. Its primary appeal lies in a combination of above-average space, a desirable location within a newer community, and a recently renovated basement. The home sits on a large 8,267 sqft lot, which is notably larger than most in the immediate area, offering ample outdoor space. With over 2,350 sqft of living area, the interior space is also more generous than the majority of homes across Winnipeg. The property’s consistent assessed value and recent sale history suggest a stable and strong market position within its tier.

The home would suit buyers looking for a move-in ready, modern build in a sought-after suburban neighbourhood. It’s particularly well-matched for growing families who would benefit from the extra lot size and the finished basement space. The data indicates it appeals to those valuing a property that performs well on key metrics—like lot size, living area, and value retention—compared to its local and city-wide peers.

Frequently Asked Questions

1. How does the lot size compare practically?
At over 8,200 sqft, the lot is significantly larger than most in the street and neighbourhood. This isn't just a statistic; it translates to more private backyard space, greater potential for gardening, play areas, or future additions like a deck or shed, which can be rare in newer subdivisions.

2. What does the sale history indicate about the property's value?
The home has sold three times since 2020, with each sale price progressively higher. This pattern suggests the property has maintained and increased its market value effectively through recent market fluctuations, which can be reassuring for future resale considerations.

3. The home is nearly 10 years old. What should I consider?
While still modern, a 2016 build is approaching the age where original components like the furnace, air conditioner, or appliances may soon need servicing or replacement. A pre-purchase inspection would be wise to assess the condition of these major items.

4. How does the renovated basement factor into the value?
The renovated basement immediately adds functional living space without the need for a future project. It’s important to clarify the scope, quality, and permits (if any) for this renovation to understand its true contribution to the living area and overall home value.

5. The assessed value is lower than the last sale price. Why?
Municipal assessed value for property tax purposes often lags behind the current market and is calculated using a different methodology. The recent sale price is a more accurate reflection of its present market value. The consistent rise in both assessed and sale values, however, points to positive appreciation.