Property Overview: 87 Park East Drive, Bridgwater Centre
Key Characteristics & Appeal
This two-storey home in the popular Bridgwater Centre neighbourhood offers a compelling blend of space, modernity, and established value. Built in 2015, it strikes a balance between being relatively new and having a settled presence in a mature community. Its key features include a renovated basement, an attached garage, and a notably generous living area of 1,810 sqft, which ranks in the top tier for its immediate street and neighbourhood.
The appeal lies in its strong positional metrics. The property sits on a large lot (3,182 sqft) that is better than 90% of others on Park East Drive, providing above-average outdoor space for the area. While its assessed value is competitive, the home’s standout characteristic is its interior size, offering more living space than nearly all comparable nearby homes. This is a property for buyers who prioritize spaciousness and a move-in-ready condition, thanks to the basement renovation. It would suit growing families or professionals seeking a modern, low-maintenance home in a planned community, with the data suggesting it represents a solid, above-average holding within its specific locale.
A less obvious perspective is its value trajectory. The sales history shows steady appreciation, and its current assessed value ranks highly within the neighbourhood, indicating it is perceived as a premium property on its street. For a buyer, this means acquiring a home that already outperforms many of its direct peers in key metrics, potentially offering a degree of insulation in market fluctuations.
Frequently Asked Questions
1. How does the lot size compare to typical properties in Bridgwater Centre?
At 3,182 sqft, the land area is a significant feature, ranking better than 90% of lots on the same street and 74% within the broader Bridgwater Centre neighbourhood. This means you're getting more outdoor space than most homes in this community.
2. The home was built in 2015. What does that mean for maintenance?
As an 11-year-old home, major structural components and systems are likely still in good condition, but it is reaching the age where some original appliances, HVAC components, or exterior finishes may soon need evaluation or planned replacement, a factor to consider in maintenance budgeting.
3. The living area seems large for the neighbourhood. Is that accurate?
Yes. The data indicates the 1,810 sqft of living area ranks in the top 1% within Bridgwater Centre and is the largest on Park East Drive. This is a primary differentiator for this property, offering more interior space than virtually all nearby homes.
4. What is the significance of the assessed value rankings?
The assessed value of $49,700 ranks in the top 8% for both the street and the neighbourhood. This suggests municipal assessment views this property as one of the more valuable in its immediate area, which can be a marker of its perceived worth relative to its peers.
5. Has the property's value increased since its last sale?
Yes. It sold for $43,500 in August 2020 and now carries a $49,700 assessed value. This represents a notable increase, consistent with broader market trends and the home's strong rankings for lot and living area size.