Property Overview: 42 Tedham Court, Bridgwater Lakes

Section 1: Key Characteristics & Appeal

This two-storey home, built in 2012, presents a compelling opportunity in the popular Bridgwater Lakes neighbourhood. Its primary appeal lies in a combination of generous space, a modern foundation, and a strong position within its community. The nearly 2,650 sqft of living area is notably above average, ranking in the top 7% of the neighbourhood, offering ample room for family life. A key feature is the renovated basement, which adds significant finished living space and immediate utility.

The property sits on a large, approximately 13,600 sqft lot, providing substantial outdoor space that is increasingly rare in newer subdivisions. While the home is not the newest on the block, its 2012 build date means major systems are likely still in good condition, avoiding the potential issues of much older homes while offering a chance to personalize finishes. The data suggests it’s a “best-in-class” property for its specific street and immediate area, often ranking in the top quartile for size and value. This home would suit a growing family or someone looking to upsize within a modern, master-planned community, who values spacious interiors and a large yard over having the absolute newest construction. It’s also a fit for buyers who see potential in a solid, well-sized home that may benefit from cosmetic updates to reflect personal taste.

Section 2: Frequently Asked Questions

1. How does the assessed value relate to the likely asking price?
The assessed value is for municipal tax purposes and is typically lower than market value. The current assessment of $703,000 provides a baseline, but the final price will be determined by current market conditions, the home’s updated condition, and buyer demand.

2. What does the neighbourhood ranking data actually tell me?
The rankings compare this property against others on the same street, in Bridgwater Lakes, and across Winnipeg. For example, ranking better than 93% of the neighbourhood for living area confirms it is a substantially larger-than-average home for the area, which is a key driver of value.

3. The home was last sold in 2017. What should I consider?
A sale seven years ago indicates the sellers have had a stable tenure. It’s important to understand what renovations or updates have been completed since then, particularly beyond the basement, such as kitchens, bathrooms, roofing, or HVAC systems.

4. The lot size is a standout feature. Why is that significant?
A lot of this size (over 13,600 sqft) in a community like Bridgwater Lakes offers exceptional outdoor potential for gardens, play space, patios, or future additions like a shed or deck. It provides a level of privacy and scope that is often unavailable in newer, more densely packed subdivisions.

5. What is the context of the "Sold" price from 2017?
The $493,000 sale price from 2017 is historical data showing the price trajectory. It underscores how the market and the property’s value have evolved over time, but it is not a direct indicator of the current value.