Property Overview: 132 Park East Drive, Bridgwater Centre
Key Characteristics & Appeal
This is a well-maintained, two-storey home built in 2015, offering modern construction in the popular Bridgwater Centre neighbourhood. With 1,479 sqft of living space on a generous 2,815 sqft lot, it provides a balanced footprint for family living or downsizing. Its appeal lies in its strong, established position within a newer community—it’s not the newest build on the block, but it ranks highly for its lot size and newer age compared to most of Winnipeg. The home sold recently in August 2023, providing a clear and current market benchmark.
The property suits practical buyers looking for a move-in ready home in a planned community without the premium price of a brand-new build. It’s particularly appealing for those who value a larger yard (its lot size ranks in the top half of its street) and the stability of a neighbourhood that has begun to mature. The lack of a garage may attract buyers seeking lower maintenance or those planning to add a structure that suits their specific needs. It represents a solid, middle-ground option: newer than most city homes, with established landscaping and community amenities, but without the potential surprises or unfinished elements of a recent subdivision.
Frequently Asked Questions
1. How does this home compare to others in Bridgwater Centre?
It sits in a strong position. While its living area is fairly typical for the area, it ranks in the top 15% of the neighbourhood for its newer year of construction (2015) and in the top 36% for its above-average lot size.
2. The home sold recently in August 2023. What does that mean for me?
The sale at $345,000 provides a very reliable, recent data point for market value, reducing guesswork compared to older sales. It suggests a stable and transparent pricing history.
3. There is no garage. Is that common here?
It’s less common but not unusual. Many homes in newer areas have garages, but its absence may be reflected in the value and could be a project for a future owner or a trade-off for less exterior maintenance.
4. What does the "assessed value" of $40,800k mean?
This is the value assigned by the municipal tax authority for property tax purposes only. It is consistently much lower than market value (the 2023 sale was $345k), which is typical in Winnipeg. It should not be used as an indicator of purchase price.
5. The basement is noted as "not renovated." What should I expect?
This indicates the lower level is unfinished or in a basic, builder-grade state. It presents a blank canvas for future development to add living space, but any finishing would be an additional investment by the new owner.