23 Park Valley Road

Property Overview

This two-storey home in Bridgwater Forest is a modern, well-maintained property built in 2012. Its primary appeal lies in a combination of above-average size, a desirable location within a newer community, and strong value retention. The home sits on a large lot (5,871 sqft) and offers generous living space (2,344 sqft), ranking in the top third for size both on its street and in Winnipeg. A key feature is the renovated basement, adding immediate functional living space. The property’s assessed value has shown consistent and significant growth since its last resale in 2017, indicating a solid investment history. It suits buyers looking for a move-in ready family home in a sought-after neighbourhood, particularly those who value space, modern amenities, and a property that has outperformed many of its local and city-wide peers in appreciation.

Key Considerations & FAQs

1. What does the "ranking" data actually mean for a buyer?
The rankings show this property consistently performs above average. For example, it's newer than 93% of homes on its street and larger than 96% of homes in Winnipeg. This suggests you're getting a relatively modern and spacious home for the area, which can be a advantage for both livability and future resale.

2. The assessed value is $72.90k, but it sold for $74.80k in 2022. Why is that?
In Manitoba, the assessed value is for municipal tax purposes and is often lower than market value. The 2022 sale price is a clearer indicator of its recent market worth. The fact that the sale price was higher than the assessed value at that time is common.

3. Has this property been a good investment for the past owners?
The data suggests strong appreciation. It sold for $56.50k in 2017 and then for $74.80k in 2022—a significant increase over five years. This growth rate outperformed the majority of homes in Winnipeg, as shown by its high ranking for the 2022 sale price.

4. What is the neighbourhood (Bridgwater Forest) like?
Bridgwater Forest is a master-planned community in southwest Winnipeg known for newer homes, parks, trails, and ponds. The high rankings for this property within the neighbourhood indicate it is among the larger, newer, and more valuable homes in an already popular area.

5. Are there any obvious drawbacks based on this data?
The data doesn't show major drawbacks, but a thoughtful perspective might note that a home built in 2012 could be approaching the age where some original components (like appliances, HVAC, or roof) may need attention or updating sooner than a brand-new build. Its high ranking for size also means correspondingly higher utility and maintenance costs compared to smaller homes.