115 Park East Drive

Property Overview

This two-storey home on Park East Drive in Bridgwater Centre is a modern property built in 2015, offering 1,810 sqft of living space on a 3,174 sqft lot. Its key appeal lies in a combination of newer construction, a fully renovated basement, and strong positioning within its immediate area. The home features an attached garage and ranks highly for its lot size and assessed value relative to its street and the wider Bridgwater neighbourhood.

Key Characteristics & Appeal

The property’s primary strength is its above-average footprint and established value. With a living area ranking at the very top of its street and an assessed value in the top 7% of the neighbourhood, it offers more space and perceived value than many nearby homes. The renovated basement adds immediate functional living space without the need for future investment. Its 2015 build date strikes a balance, being new enough to avoid major immediate repairs but established enough that any initial construction issues would likely have surfaced and been addressed.

This home would suit buyers looking for a move-in ready, spacious family home in a modern Winnipeg community. It’s particularly well-suited for those who value space over brand-newness, as it offers more square footage than newer builds in the area (as seen with the 2018 reference property at 200 Park East Drive, which is smaller). The strong rankings suggest a solid investment within Bridgwater Centre, appealing to buyers seeking a home that stands out in its immediate context for size and value.

Frequently Asked Questions

1. How does the 2022 sale price relate to the current assessed value?
The home sold for $442,700 in March 2022. The current assessed value of $500,000 reflects the municipality’s valuation for tax purposes and general market appreciation, but does not dictate the final sale price.

2. What do the "top percentage" rankings mean?
These rankings compare this specific property against others on the same street, in Bridgwater Centre, and across all of Winnipeg. For example, its lot size is in the top 26% on its street, meaning 74% of lots on Park East Drive are smaller. This helps illustrate how the home measures up locally.

3. Is the basement development legal and permitted?
The listing states the basement is "renovated." It is essential to verify with the seller or your real estate agent whether this work was completed with the proper permits and inspections to ensure it meets local building codes.

4. The home is newer, but what should I still check during an inspection?
While built in 2015, an inspection should still focus on the quality of the basement renovation, roof condition, exterior drainage (as the lot is relatively large), and the performance of all major mechanical systems as they approach a decade of use.

5. How does this property compare to others at the same assessed value?
The listing shows similar assessed values in other neighbourhoods like Elmhurst and Varsity View. This highlights that assessment is primarily a tax tool. Your decision should focus on the specific features, community (Bridgwater Centre), and space offered here versus different neighbourhoods at a similar valuation.