Property Overview: 189 Park Valley Road, Bridgwater Forest
Key Characteristics & Appeal
This 2011-built, single-storey home in the sought-after Bridgwater Forest neighbourhood presents a compelling blend of space, location, and established value. Sitting on a large 6,583 sqft lot—ranking in the top third for size on its street—the property offers ample outdoor space. The 2,058 sqft living area is notably spacious, placing it in the top 8% of homes across Winnipeg for size. A key feature is the renovated basement, adding functional living space, and the convenience of an attached garage.
Its primary appeal lies in its strong market position within a modern community. The assessed value of $820k ranks in the top 2% city-wide and top 12% within Bridgwater Forest, indicating a premium property for the area. This isn't a speculative value; it's corroborated by its last sale price in 2017, which was also $820k, suggesting a stable and sustained valuation. The home suits buyers looking for a move-in ready, spacious family home in a newer suburb without the premium of a brand-new build. It’s ideal for those who value neighbourhood amenities, larger lot sizes, and a property with a proven value history over the past several years.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The percentile rankings (e.g., "Top 8%") compare this specific property metric against all other homes in Winnipeg, its neighbourhood, and its street. They provide a quick, data-driven snapshot of how it measures up in terms of lot size, living area, and value relative to its peers.
2. The assessed value hasn't changed since 2017. Is that a concern?
Not necessarily. It indicates the property was accurately valued at that time and has maintained that market position. In a stable or moderately appreciating market, a consistent assessment can reflect solid, non-speculative value. It's a point for discussion with your agent regarding recent comparable sales.
3. Who is the typical buyer for this home?
This home is well-suited for growing or established families seeking the space and community amenities of Bridgwater Forest. The single-storey layout may also appeal to buyers planning for long-term accessibility. It targets those who prefer a home that's past its initial "settling" phase but is still modern.
4. How does the lot size compare to newer builds in the area?
At over 6,500 sqft, the lot is significantly larger than many found in newer subdivisions today, where lots are often narrower and deeper. This is a distinct advantage, offering more usable backyard space and greater privacy.
5. What should I investigate about the renovated basement?
It's important to verify the scope of the renovation, whether permits were obtained, and the quality of the finish. A professionally renovated basement adds valuable living space, but understanding the details of the work done is crucial for due diligence.