Property Overview & Key Characteristics
123 Park East Drive is a modern two-storey home in Winnipeg's Bridgwater Centre, built in 2016. Its primary appeal lies in a combination of above-average space, a recent renovation, and strong value metrics within a newer community. With 1,810 sqft of living area, it ranks in the top 1% of homes in the neighbourhood for size, offering more interior room than most comparable properties. The home features an attached garage and a renovated basement, adding functional living space. Key data points highlight its standing: it sits in the top 15% of homes in Winnipeg for year built (newer construction), the top 85% for living area (larger), and the top 17% for assessed value. A steady history of sold price appreciation, from $41.8k in 2016 to $52.5k in 2022, suggests a well-maintained asset in a stable area.
This home would suit buyers looking for a move-in ready property in a developing area without the premium of a brand-new build. It's ideal for small families or professionals who prioritize interior space and modern amenities. A thoughtful perspective is that while the lot size is average for the street, the significant interior square footage and renovation offer a "larger home" feel on a standard plot—a smart efficiency for those valuing indoor living space over extensive yard maintenance. Its consistent value growth also makes it a sensible choice for a buyer viewing the purchase as a long-term home with a stable financial footing.
Frequently Asked Questions
1. How does the property's value compare to its neighbours?
The home's assessed value of $50.40k places it in the top 6% on its street and in the Bridgwater Centre neighbourhood, indicating it is valued higher than the vast majority of nearby properties, likely due to its size, renovation, and condition.
2. Is the home significantly larger than others in the area?
Yes. With 1,810 sqft of living area, it ranks in the top 1% within Bridgwater Centre and is the largest on its street (top 100%), offering notably more interior space than typical homes in the community.
3. What does the sale history tell us about the property?
The home has sold three times since 2016, with each sale price higher than the last ($41.8k → $43.4k → $52.5k). This pattern demonstrates consistent appreciation and suggests the home has been a reliable asset in its market.
4. The home was built in 2016. What are the less obvious implications of this?
A 2016 build means major components like the roof, HVAC, and appliances are likely still within their expected lifespan, minimizing immediate major replacement costs. However, it also means the home is just old enough that any original builder-grade items may soon need upgrading, though the renovated basement may address some of this.
5. How does the lot size impact this property?
The land area of 3,173 sqft is above average for the street (top 68%), but not exceptionally so. This means you get a good-sized yard for the area, but the home's standout feature is its interior volume, not its outdoor space. It's a balanced offering for those who want some outdoor area without the upkeep of a very large lot.