Property Overview & Key Characteristics

This two-storey home in Bridgwater Lakes is a well-established modern build from 2014, sitting on a generous 4,952 sqft lot. With 1,976 sqft of living space, an attached garage, and an unfinished basement, it presents a solid, blank-canvas opportunity. Its appeal lies in its balance of relative newness and settled neighbourhood maturity, avoiding the premiums of brand-new construction while still offering modern fundamentals. The data suggests it's a home that outperforms most of Winnipeg in terms of newer age and above-average living area, yet sits in a more competitive position within its own desirable street and community. This creates a potential value proposition for a buyer who prioritizes the Bridgwater Lakes lifestyle—characterized by parks, pathways, and newer amenities—over having the absolute largest or highest-ranked home on the block.

It would suit a practical buyer looking for a move-in ready family home in a popular modern neighbourhood, but who also sees potential in customizing the basement to their own needs over time. It’s also a sensible fit for those who appreciate a home that has passed its initial settling-in period, with major systems still in good condition.

Frequently Asked Questions

1. How does this home really compare to others on Bluemeadow Road?
The data indicates that while the home is newer than 85% of houses on the street, its lot and living area rank in the middle to lower tier compared to its immediate neighbours. This suggests you're buying into a street with some larger, possibly more upgraded homes, but securing a property that is comparatively modern.

2. The assessed value seems low. Is that accurate?
Manitoba’s assessed value is for taxation purposes and is typically below market value. It is useful for comparing relative worth against other properties. The fact it ranks highly city-wide (top 9%) but lower within Bridgwater Lakes confirms the neighbourhood’s overall desirability and higher property values.

3. What does the 2017 sale price tell us?
The home sold for $46,600 in 2017. The increase to its current assessed value reflects general market appreciation. More importantly, the data shows that sale was below neighbourhood norms at the time, hinting it may have been a transfer or sale under unique circumstances, not necessarily indicative of the property's condition.

4. Is the unfinished basement a drawback or an opportunity?
This depends on the buyer. It keeps the initial purchase price lower and provides flexible space to finish exactly to your needs, whether as a rec room, home office, or additional bedrooms. However, it does require a future investment of time and money to realize its full potential.

5. Who might the "practical buyer" be for this home?
This could be a young family wanting the community amenities and good schools without a brand-new home premium, or a downsizer from an older Winnipeg neighbourhood seeking single-family living with modern efficiencies (like a 2014 build) and less maintenance, but who doesn't need a fully finished basement.