Property Summary: 243 Park East Drive
Key Characteristics & Appeal
This 2017-built home in Bridgwater Centre offers a compelling blend of modern living and established value. Its primary appeal lies in its strong foundational metrics within a desirable newer neighbourhood. At 1,712 sqft, the living space is notably above average for the immediate area, ranking in the top 15% of the neighbourhood. A key feature is the renovated basement, adding functional space and immediate livability.
The property’s standout characteristic is its exceptional value ranking. It sits in the top 1% of its street and neighbourhood for assessed value, and the top 11% city-wide, indicating a premium valuation relative to its peers. This is corroborated by its 2022 sale price, which also ranked in the top 1% locally. For buyers, this suggests a home that has been a high-performer in its market segment, likely appealing to those seeking a move-in ready, modern property with a history of strong value retention. It would suit buyers prioritizing space, recent construction, and a home in a statistically top-tier position within its community, without the need for a garage.
Frequently Asked Questions
1. What does the "top 1%" ranking for value actually mean?
It means this property's assessed value is higher than 99% of the 233 homes on its street and 99% of the 584 homes in Bridgwater Centre. This indicates it is valued significantly above the local average, often reflecting factors like lot size, finishes, upgrades, or specific location advantages.
2. The home has no garage. Is that common for the area?
The listing data does not specify garage prevalence, but the lack of a garage is a noted feature. Buyers should consider their storage and vehicle needs, and investigate if on-street parking permits are required or if there is ample visitor parking.
3. How does the 2022 sale price compare to the current assessed value?
The home sold for $55,900 in December 2022, and its current assessed value is $55,400. This near-parity suggests the market and assessment authority view its value as stable over this period.
4. The living area is larger than the nearby comparable properties. What might that include?
At 1,712 sqft, it is over 200 sqft larger than the listed comparable homes on the same street. This additional space could be found in more generous room sizes, an extra bedroom, a larger primary suite, or a more developed main floor layout. The renovated basement likely contributes additional finished space not fully reflected in the main living area figure.
5. The home is 9 years old. What should I consider about its age?
Built in 2017, it is newer than 94% of homes in Winnipeg. This age typically means modern building codes, energy efficiency, and less immediate worry about major system replacements (like roof or furnace). However, it is now entering the period where original appliances and cosmetic finishes may need updating, which is a consideration for maintenance budgeting.