Property Summary: 186 Rowntree Avenue, Bridgwater Trails, Winnipeg

Key Characteristics & Appeal

This is a modern, two-storey home built in 2019, offering the advantage of newer construction with contemporary building standards and minimal initial maintenance. Its key features include a renovated basement and an attached garage. The home sits on a lot that is larger than most on its street, providing above-average outdoor space for the area.

The primary appeal lies in its balance of relative newness and established community. As part of the planned Bridgwater Trails neighbourhood, it offers modern amenities and landscaping in a family-oriented setting. The recent sale in 2024 at a price significantly above the 2019 purchase and current assessed value suggests a strong market perception of the home's condition and upgrades, particularly the basement renovation.

This property would suit first-time buyers or young families looking for a move-in-ready home without the concerns of an older property. It also appeals to value-conscious buyers who appreciate the data point of a recent, higher sale price as an indicator of the home's market worth. The rankings provided show a nuanced picture: while the lot size is a local advantage, the living space is comfortably middle-of-the-pack for the immediate area, indicating it's a practical home rather than a standout in sheer size.

Frequently Asked Questions

1. What does the "renovated basement" typically include in a 2019 home?
In a home of this age, a basement renovation likely means the lower level has been finished into a comfortable living space, such as a recreation room, home office, or additional bedrooms, post-original construction. It’s advisable to confirm the specifics, permits, and quality of the finish.

2. How should I interpret the various ranking percentages?
These rankings compare this property against others on its street, in Bridgwater Trails, and across Winnipeg. For example, being "better than 74% of the street" for year built means it is newer than most homes around it. However, a lower ranking in "land area" for the neighbourhood suggests that while the lot is good for the street, larger lots exist elsewhere in Bridgwater Trails.

3. The home sold for more than its assessed value in 2024. Why is that?
Assessed value is for municipal tax purposes and often lags behind the current market. A sale price above assessment, especially a recent one, usually reflects buyer demand, the home's specific condition, and any upgrades (like the basement) that are valued more highly in the open market than in a formulaic assessment.

4. Is the Bridgwater Trails community fully developed?
As a 2019 build in this area, the home is in an established phase of the Bridgwater master-planned community. Major infrastructure, parks, and pathways are in place, offering a settled feel while possibly still having some new development occurring in surrounding phases.

5. What might the sale history indicate?
The home was purchased new in 2019 and sold again in 2024. This five-year period is a common timeframe for first owners to move on, potentially due to life changes like growing families. The significant price increase over those five years reflects both market appreciation and the value added by any improvements made by the owners.