Property Overview
This two-storey home at 208 Park East Drive in Winnipeg's Bridgwater Centre neighbourhood presents a modern, low-maintenance living option. Built in 2017, its key appeal lies in a balanced combination of a newer build, a desirable location, and a practical layout. The home sits on a notably spacious 2,580 sqft lot, ranking in the top 5% of its neighbourhood for land area, which offers excellent outdoor potential. With 1,492 sqft of living space and a detached garage, it suits first-time buyers, young families, or professionals seeking a move-in ready home in a planned community. Its recent sale history shows steady value, and its lot size is a standout feature for the area, offering more privacy and room for gardens or play than many newer builds.
Key Details & FAQs
Key Characteristics & Appeal:
The home's primary strengths are its newer construction (2017), which minimizes immediate major repair concerns, and its above-average lot size within Bridgwater Centre. This lot size is a significant advantage, providing more yard space than many comparable homes. The neighbourhood itself is highly rated, and the property ranks in the top tiers for both lot size and overall value within the area. It would suit buyers looking for a modern community with amenities, who value outdoor space, and prefer a home that doesn’t require renovation. A thoughtful perspective is that while the living area is standard for the community, the generous lot offers future flexibility—whether for expansion, landscaping, or simply enjoying more open space—which is often scarce in newer subdivisions.
Frequently Asked Questions:
1. What is the condition of the basement?
The listing specifies the basement exists but is "not renovated." Buyers should anticipate a basic, unfinished space suitable for storage or future development.
2. How does this property compare to others on the street?
It ranks in the top 14% for lot size on Park East Drive, meaning it has one of the larger yards. For year built and living area, it ranks in the middle to upper ranges compared to direct neighbours.
3. Has the property's value increased?
Based on the provided sale history, it sold for $400,000 in March 2021 and then for $435,000 in January 2024, indicating appreciation over that nearly three-year period.
4. What is the difference between Assessed Value and the recent Sale Price?
The city's assessed value is $426,000 for taxation purposes. The home sold for $435,000 in January 2024, which is the more current indicator of its market value.
5. What are the comparable homes nearby?
The listing references similar homes on the same street (e.g., 251 Park East Drive, built 2017) and others in Winnipeg with identical assessed values, useful for broad market comparison.