Property Overview & Key Characteristics

This two-storey home in Bridgwater Lakes is a well-established property in a sought-after neighbourhood. Built in 2012, it sits on a generous 6,377 sqft lot, which is larger than most in the immediate area. The home itself offers 2,430 sqft of living space, placing it in the top tier for size both locally and city-wide. A key feature is its professionally renovated basement, adding valuable finished space. The property’s standout characteristic is its exceptional assessed value, which ranks in the top 1% for Winnipeg, indicating strong municipal valuation relative to its last sale price in 2017.

Its appeal lies in the combination of a prime lot size, above-average living space, and significant modern updates within a mature, family-oriented community. The high assessment-to-previous-sale-price ratio may suggest substantial equity or potential for favourable financing. This home would best suit a family looking for move-in-ready space in a modern neighbourhood, or a value-conscious buyer who appreciates a property with metrics that stand out statistically for lot size, living area, and official valuation.

Frequently Asked Questions

1. Why is the assessed value so much higher than the last sale price from 2017?
Municipal assessments are for taxation purposes and are based on mass appraisal models and market trends at a specific point in time. A high assessment relative to an older sale price can reflect strong overall market appreciation in the area, the value of the lot size, and the impact of renovations. It does not directly set the current market price.

2. What does the "year built" ranking mean for a 2012 home?
While the home is only 14 years old, this ranking compares it to other homes on its street and in Bridgwater Lakes. The rankings indicate that many nearby homes were built more recently, as Bridgwater is a developing community. This means the property is well-established within the area, with likely mature landscaping, but may have newer constructions nearby.

3. How significant is the lot size?
At 6,377 sqft, the lot is notably larger than over 83% of others on the street. In a newer community where lots can be narrower, this offers greater outdoor space, privacy, and potential for landscaping, decks, or play areas compared to many neighbours.

4. The home sold in 2017 for $900k. What is it worth now?
A past sale price is a historical data point and does not determine current value. The market has evolved significantly since 2017. The property's current value will be influenced by today's market conditions, the quality of the renovations, its maintained condition, and direct comparisons to recent sales of similar homes.

5. What is the practical benefit of the high rankings for living area and assessed value?
Beyond simple bragging rights, a living area in the top 3% city-wide confirms the home offers substantial interior space. A consistently top-tier assessment can be a positive indicator to lenders and may reflect underlying value that is recognized independently of the volatile sales market.