Property Overview: 303 Park East Drive, Bridgwater Centre
Section 1: Key Characteristics & Appeal
This well-maintained 2017-built home in the popular Bridgwater Centre neighbourhood offers modern living with a practical layout. Its key feature is a renovated basement, adding valuable finished space to the 1,451 sqft footprint. While it does not include a garage, the property stands out for its exceptional location within the community, ranking in the top 1% of its street and top 0% of both the neighbourhood and Winnipeg for lot size, suggesting a premium, possibly more private setting.
The appeal lies in its combination of a newer build, a move-in-ready basement, and a standout lot in a sought-after area. The recent sale history shows steady value appreciation, and its assessed value is consistent with similar homes in other neighbourhoods. This property would suit buyers looking for a modern home in a master-planned community who prioritize lot characteristics and are willing to forgo a garage for a prime location. It’s also a sensible fit for those who value having the renovation work already completed, particularly in the basement.
Section 2: Frequently Asked Questions
1. What does the "top 1% in street" ranking for land area actually mean?
This indicates the property's lot is larger than 99% of other lots on Park East Drive. In a newer community where lots can be similar in size, this suggests a notably more generous or better-configured parcel.
2. The home sold recently in 2024 and 2022. Why is it back on the market?
While the specific reason isn't listed, the recent sales history primarily demonstrates clear market value appreciation over a two-year period. Quick resales can sometimes relate to job relocation, changing space needs, or other personal circumstances unrelated to the property itself.
3. There is no garage. What are the parking arrangements?
The listing specifies no garage, so parking would be limited to driveway space. Prospective buyers should verify the driveway capacity and review any municipal street parking regulations.
4. How does the assessed value compare to the recent sale price?
The property is assessed at $470k, which is slightly below its last recorded sale price of $501k in mid-2024. This is not uncommon, as municipal assessments often lag behind current market values and use a different valuation methodology.
5. The nearby reference properties have much lower assessed values. Is this accurate?
This appears to be a data discrepancy, as the listed reference values (e.g., $40.60k) are inconsistent with the market. The "similar assessed value" section below, showing other homes at $470k, is a more reliable indicator of its value peer group. Always verify all figures with a real estate professional.