112 Park East Drive

Property Overview: 112 Park East Drive, Bridgwater Centre

Key Characteristics & Appeal

This two-storey home, built in 2015, is a well-situated property in the popular Bridgwater Centre neighbourhood. Its key characteristics include a spacious 2,828 sqft lot, 1,479 sqft of living space, and a detached garage. The home presents as a solid, modern base in a newer community, with its unrenovated basement offering potential for future customization.

The appeal lies in its established position within a sought-after area. The property ranks in the top tiers for lot size and newer construction age compared to much of Winnipeg, suggesting a desirable location and a relatively contemporary build. It recently sold for a price above its assessed value, indicating strong market recognition. This home would suit practical buyers looking for a move-in-ready house in a family-friendly neighbourhood, who may also value the opportunity to personalize the basement space over time. It’s a choice for those prioritizing location and community amenities over having a fully finished home, appealing to both young families and value-conscious purchasers seeking a foothold in a competitive area.

Frequently Asked Questions

1. What does the ranking data actually mean for a buyer?
The rankings show how this property compares to others in its immediate street, neighbourhood, and city. For example, being in the top 9% in Winnipeg for lot size highlights a key advantage, while more average rankings for living area suggest it’s typical for the local market, helping set realistic expectations.

2. The basement is noted as "not renovated." What condition is it likely in?
As a home built in 2015, the basement is likely developed and functional (with proper walls, flooring, and ceiling), but finished to a basic builder standard. It’s ready for use but may lack higher-end finishes or custom layouts, representing a straightforward project for future upgrades.

3. How does the recent sale price compare to similar homes?
The home sold for $46,500k, which is above its $43.30k assessed value. The provided comparable homes with identical assessed values are in different neighbourhoods, suggesting this property’s value is strongly influenced by its specific location within Bridgwater Centre.

4. Is the detached garage a significant feature?
In a newer community like Bridgwater Centre, a detached garage can be a plus for those wanting a clear separation between vehicle storage and living space, or for potential workshop use. It’s a feature that offers flexibility compared to an attached design.

5. What is the significance of the "For Reference" property at 200 Park East Drive?
This nearby property, built three years later in 2018 with a similar size and a lower assessed value, provides useful context. It may indicate variations in finishes, lot specifics, or market timing, underscoring the importance of viewing this home’s value within its own unique attributes and sale conditions.