Property Summary: 118 Park East Drive, Bridgwater Centre
Section 1: Key Characteristics & Appeal
This two-storey home in the Bridgwater Centre neighbourhood offers a practical and modern living proposition. Built in 2015, it presents as a relatively newer, low-maintenance property with a detached garage and an unrenovated basement offering potential for future customization. Its key appeal lies in its strong positioning within a popular, master-planned community, combined with solid fundamentals.
The home’s living space (1,479 sq ft) and lot size (2,817 sq ft) rank comfortably above average for both the immediate street and the wider Winnipeg area, providing good room for a growing household. Notably, the property’s assessed value ranks in the top third locally, suggesting it is viewed as a stable asset in its area. This combination suits first-time buyers or young families seeking a move-in ready home in a contemporary neighbourhood without the premium of a brand-new build. It also appeals to value-conscious buyers who appreciate the opportunity to potentially finish the basement to their own taste over time, adding equity.
A less obvious perspective is its appeal to data-driven buyers. The detailed rankings show this property isn't necessarily the largest or newest on the block, but it consistently performs well across multiple metrics (area, value, age) without significant weak points. This indicates a balanced, middle-of-the-road option in a desirable area—a "safe bet" for steady long-term value rather than a standout project or luxury purchase.
Section 2: Frequently Asked Questions
1. What is the neighbourhood like?
Bridgwater Centre is a modern, master-planned community in Winnipeg known for its newer homes, parks, and pathways. It's designed with families in mind, offering a suburban feel with accessible amenities.
2. What does "basement, not renovated" mean?
The basement is included and is a blank canvas. It is likely developed but unfinished or in a basic state, meaning you can customize it to suit your needs without needing to undo previous renovations.
3. How does this home compare to others on the street?
The data shows this home is a strong contender. It has a larger-than-average lot for the street, is newer than 89% of homes on Park East Drive, and its assessed value is higher than 65% of its direct neighbours.
4. What might the sold price from 2016 indicate?
The home sold for $30.5k in 2016, which appears to be a data entry error for a typical sale price. This figure is not representative of the home's value and should be disregarded; the current assessed value of $42.7k is the relevant metric for municipal valuation.
5. Is the detached garage a pro or a con?
This depends on preference. A detached garage can offer more flexibility for yard space or future projects (like a workshop) and may reduce noise in the house. However, it is less convenient for accessing your vehicle in harsh weather compared to an attached garage.