Property Overview: 47 Red Spruce Road, Bridgwater Lakes

Key Features & Ideal Buyer

This 2016-built, single-storey home in the popular Bridgwater Lakes neighbourhood offers a modern, low-maintenance lifestyle on a spacious 5,429 sqft lot. Its key appeal lies in a combination of recent build quality, a fully renovated basement, and an attached garage. The property presents strong long-term value, evidenced by an assessed value that ranks in the top 3% of Winnipeg, suggesting it is a well-regarded asset relative to its tax valuation.

The home’s layout and size (1,700 sqft) are well-suited for small families, first-time buyers looking for a move-in-ready property, or downsizers seeking single-level living without compromising on lot size. Its broad appeal is balanced by its positioning within the immediate area; while the lot and assessed value rank very high, the living area is more average for the street, indicating a premium is placed on the land and condition rather than sheer interior space. This makes it ideal for buyers who prioritize outdoor space, modern renovations, and solid fiscal fundamentals over a maximized floor plan.

Frequently Asked Questions

1. How does the property’s value compare to the neighbourhood?
The assessed value of $70.70k ranks better than 75% of properties in Bridgwater Lakes, placing it in the top quarter. This indicates it is considered a higher-value home for tax purposes within this specific community.

2. Is the home considered large for the area?
Not in terms of living space. At 1,700 sqft, the interior is actually smaller than about 70% of other homes on Red Spruce Road. The property’s standout physical feature is its land area, which is larger than most on the street.

3. What does the sold history tell us?
It last sold in March 2016 for $580k. This original sale price, combined with its current high assessed value ranking, suggests the home was a premium purchase when new and has maintained a strong value position.

4. Who might this property not suit?
Buyers seeking a very large interior or the newest possible build (as there are newer homes in the area) may find better options. Its appeal is strongest for those who value a renovated, established home on a generous lot.

5. How does the build year affect its appeal?
Built in 2016, the home is newer than 93% of properties in Winnipeg, offering modern construction standards without the premium often attached to brand-new builds. It’s at an age where major components should still be in good condition, yet any initial quirks have likely been resolved.