Property Overview: 251 Park East Drive, Bridgwater Centre
Key Characteristics & Appeal
This well-situated home in the popular Bridgwater Centre neighbourhood presents a compelling opportunity. Built in 2017, it offers modern construction with nearly a decade of established community growth. The 1,451 sqft layout includes a basement, providing space for future customization.
The primary appeal lies in its strong positional value within a highly sought-after area. The property ranks in the top tier for its street, neighbourhood, and city in terms of lot size, indicating a premium location within Bridgwater Centre. Its recent sale in August 2024 suggests a current, market-tested value. This home suits buyers looking for a move-in ready, modern property in a top-ranked suburban community, particularly those who value a blank-canvas basement to finish according to their own needs and timeline. It’s also a sensible choice for buyers attentive to investment metrics, as the data shows consistent value appreciation since its last sale in 2021.
Frequently Asked Questions
1. What does the ranking data (e.g., "Top 1% on street") actually mean?
This percentile ranking compares this specific property against all others on the same street, in Bridgwater Centre, and across Winnipeg for metrics like land area and assessed value. For example, being in the top 1% for land area on its street means it has a larger lot than 99% of its immediate neighbours, a significant advantage.
2. Is the basement finished?
The listing explicitly states the basement exists but is "not renovated." Buyers should budget and plan for finishing this space to suit their needs.
3. The home just sold in August 2024. Why is it back on the market?
While the specific reason isn't listed, a quick resale can sometimes relate to a change in the buyer's personal circumstances, an investor flipping the property, or a assignment sale. Your real estate agent can help inquire about the specific situation.
4. How does the assessed value compare to the recent sale price?
The city's assessed value is $450k, while the home sold for $475k in August 2024. This difference is common, as assessed values are for taxation and often lag behind dynamic market sale prices, which reflect what buyers are currently willing to pay.
5. What are the comparable homes in the area like?
The listed "People also viewed" homes show similar properties in Bridgwater Centre and nearby Waverley West, with a range of sizes and values. This home sits at a mid-point, offering a balance between the more established, higher-value homes on larger lots and the newer, sometimes smaller lots in adjacent subdivisions.