Property Overview & Key Characteristics

This two-storey home at 128 Landover Drive in Bridgwater Trails is a modern property built in 2018, offering a low-maintenance start for a new owner. Its key appeal lies in its balance of contemporary construction and a quiet, established setting within a newer community. The home features a functional 1,518 sqft layout with an attached garage and a full, unrenovated basement that presents a clean slate for future expansion or storage.

The property’s standout characteristic is its relative newness, ranking newer than 95% of homes across Winnipeg, which suggests fewer immediate major repair concerns. Its lot size of 2,690 sqft is generous for the street, providing better-than-average outdoor space. The data indicates this home sits in a comfortable middle ground—it’s not the largest or most premium on the block, but it holds its own with solid fundamentals. It would suit first-time buyers or young families looking for a move-in-ready home in a modern neighbourhood, as well as practical investors attracted by the recent build date and the potential of the untouched basement.

A less obvious perspective is the home’s position within its immediate micro-market. While its assessed and recent sold values rank highly city-wide, they are more modest within its own street and neighbourhood. This could represent a value opportunity for a buyer prioritizing the Winnipeg-wide affordability and newness over having the top-tier home on the block, offering a chance to enter a desirable area at a accessible point.

Frequently Asked Questions

1. Is the basement finished?
No, the basement is not renovated. It is a full, unfinished space, which offers the next owner complete flexibility to finish it to their own needs and taste.

2. How does this home compare to others on the street?
The home has a larger-than-average lot size for Landover Drive, ranking better than 44% of its neighbours. However, its living area and assessed value are more middle-of-the-road on the street, positioning it as a solid, average property within its immediate surroundings.

3. What is the community of Bridgwater Trails like?
Bridgwater Trails is a modern, master-planned community in Winnipeg. It typically features newer homes, parks, and walking paths, appealing to those seeking a contemporary suburban lifestyle.

4. Why did the home sell for more than its assessed value in 2022?
The sale in October 2022 for $47.80k (against a $46.50k assessment) reflects a market transaction where buyer demand agreed on a value slightly above the city's assessed value for tax purposes, which is common. Assessments don't always equal market price.

5. Are there any obvious concerns from the data provided?
The data shows no red flags like a declining value. A point to note is that the home's value metrics (assessed and sold) rank significantly higher across Winnipeg than they do within its own neighbourhood. This suggests it's a competitively priced home city-wide, but buyers may find more direct competition from similar properties within Bridgwater Trails itself.