Property Overview: 707 Bridge Lake Drive

Key Characteristics & Ideal Buyer

This two-storey home in Bridgwater Trails is a modern, low-maintenance property built in 2024. Its key appeal lies in its new construction status, offering contemporary finishes and systems without the need for immediate updates. The home features a renovated basement and an attached garage on a standard 5,360 sqft lot.

The data reveals a strong, above-average position in its market. It ranks in the top tier for its newness, living space, and recent sold price compared to both the immediate street and wider Winnipeg. Notably, it sold for significantly more than its assessed value in August 2024, suggesting a premium market perception. The appeal is for buyers seeking a move-in-ready, modern home in a planned community who value space and newer infrastructure. It would suit young professionals, growing families, or downsizers looking for a modern layout without the concerns of an older property. A thoughtful perspective is that while the lot size is average for the area, the home’s interior space efficiency and newness compensate, making it a "set-and-forget" purchase for the next decade.

Frequently Asked Questions

1. Is the renovated basement a legal suite?
The listing states the basement is renovated but does not specify it as a legal secondary suite. Buyers should verify its permitted use with the listing agent and local municipality.

2. Why did the home sell for over $14,000 above its assessed value?
This is common for newer, desirable properties in high-demand neighbourhoods. The assessed value is for taxation purposes, while the sale price reflects current market demand, the home's condition, and its premium rankings for space and newness.

3. What are the annual property taxes?
Taxes are not listed directly. They can be estimated by applying the Winnipeg municipal tax rate to the $90,100 assessed value. Your real estate agent can provide an exact calculation.

4. What does the "renovated basement" include?
The details are not specified. It is essential to ask for a list of the renovations completed, the quality of finishes, and whether any permits were obtained for the work.

5. How does the lack of a pool impact the value in this neighbourhood?
Given the climate and the family-oriented nature of Bridgwater Trails, the absence of a pool is typical and not a disadvantage. It reduces maintenance liability and insurance costs, which many buyers prefer. The community focus is more on shared parks and pathways.