272 Park East Drive

Property Summary: 272 Park East Drive, Bridgwater Centre

Section 1: Overview & Appeal

This modern two-storey home, built in 2018, offers a low-maintenance lifestyle in Winnipeg’s popular Bridgwater Centre neighbourhood. Its key characteristics include a renovated basement, a detached garage, and a practical 1,492 sqft layout on a 2,655 sqft lot.

The primary appeal lies in its balance of being a relatively new build—sparing owners from immediate major repairs—within a well-established, family-oriented community. The home’s assessed value ranks highly city-wide (top 25%), suggesting solid municipal valuation relative to the market. Its lot size is notably above average for the street, offering more outdoor space than many neighbouring properties.

This property would suit first-time buyers or young families seeking a move-in-ready home in a newer suburb. It also appeals to value-conscious buyers who prioritize a modern foundation and a renovated basement for extra living space, without the premium of a brand-new construction. A thoughtful perspective is that while the living area is modest relative to the neighbourhood, the above-average lot size presents future potential for expansion or landscaping, which is a less common find in newer subdivisions.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to others on the street?
The home’s current assessed value is in the top 21% for Park East Drive, indicating it is valued higher than most direct neighbours. This is likely influenced by the renovated basement and its larger-than-average lot size for the street.

2. What does the sale history indicate?
The home last sold in May 2019 for $362,000. The increase to the current assessed value of $451,000 reflects market trends and the added value of the basement renovation completed since that purchase.

3. Is the lot size a significant feature?
Yes. The 2,655 sqft lot ranks in the top 33% on the street, meaning it’s larger than many comparable properties. This provides more private outdoor space, a valuable asset in a newer neighbourhood where lots are often uniform.

4. How does the living space compare to the neighbourhood?
At 1,492 sqft, the living area is functional but ranks in the lower third (top 73%) for Bridgwater Centre. Buyers should consider if the layout and renovated basement provide enough space for their needs relative to other homes in the area.

5. What is the significance of the “For Reference” comparable listings?
Listings like 308 and 200 Park East Drive (similar size/year but lower assessed values) highlight how the renovation and specific lot at 272 Park East Drive may contribute to its higher valuation. The “Worth Viewing” listing at 251 Park East Drive, with a similar assessed value, suggests alternative options in the same price range.