Property Summary: 123 Arbourwood Court

Key Characteristics & Buyer Appeal

This two-storey home in Bridgwater Trails is a modern, low-maintenance property built in 2019. Its key appeal lies in a balance of newer construction and established updates, notably a renovated basement that adds immediate livable space. The home sits on a larger-than-average lot for the street and features an attached garage.

The data suggests a property with solid fundamentals in a desirable, newer community. It ranks highly for its lot size and recent sale price within its immediate street, indicating it is a premium offering on Arbourwood Court. Its assessed value is strong compared to most of Winnipeg, yet it sits in a more moderate position within the broader Bridgwater Trails neighbourhood, which could represent a value opportunity for buyers targeting this area.

This home would suit first-time buyers or young families looking for a turnkey property without the need for major immediate upgrades. It also appeals to those who prioritize newer builds for energy efficiency and modern layouts but want a neighbourhood that is no longer in its initial construction phase. The renovated basement adds flexibility for a home office, gym, or guest space, catering to the growing need for functional living areas.

Frequently Asked Questions

1. How does the living space compare to nearby homes?
At 1,486 sqft, the living area is somewhat smaller than many homes on the same street, ranking in the bottom half. However, the renovated basement effectively expands the usable space, which isn't always reflected in the official living area square footage.

2. The assessed value is $470k, but it sold for $525k in 2023. Why the difference?
The sale price reflects the competitive market conditions at that time and likely the perceived value of the basement renovation. The assessed value is for municipal tax purposes and often lags behind current market values, especially for improved properties.

3. What does the ranking data actually tell me?
The rankings compare this home to specific groups (street, neighbourhood, city) for each metric. For example, being "Top 16%" for assessed value on its street means it's among the more valuable homes there. Conversely, being "Top 84%" for living area in the neighbourhood means most area homes are larger.

4. Is the property in a well-established part of Bridgwater Trails?
As a 2019 build, it is in a relatively newer section. The presence of many nearby comparable properties suggests a consistent, planned streetscape, but the landscaping and community amenities will be more mature than in brand-new subdivisions.

5. What are the less obvious considerations?
While newer, the home is now approaching its first major maintenance cycle for items like appliances, HVAC, and exterior finishes. Its strong sale price in 2023 sets a high benchmark for future appreciation. Buyers should consider if the premium for the lot size and renovation aligns with their needs versus a larger, unrenovated home at a similar price point in the area.