Property Overview: 48 Park Valley Road, Bridgwater Forest
Key Characteristics & Appeal
This two-storey home in Bridgwater Forest is a modern, well-sized property built in 2012. Its primary appeal lies in offering above-average space and contemporary construction within a sought-after newer neighbourhood. With 2,656 sqft of living area, it ranks in the top 15% of homes on its street and the top 4% within Bridgwater Forest for size, making it a notably spacious option. The home features an attached garage and a renovated basement, adding valuable functional space.
The property’s data reveals a nuanced position: while its assessed value is strong (top 22% in the neighbourhood), its last sold price from 2017 sits around the median. This may suggest an opportunity for buyers in a home that has been upgraded (with the basement renovation) and is newer than most in Winnipeg (top 11% by year built). Its appeal is balanced between tangible assets—like significant square footage and updates—and the less obvious appeal of a home that is newer and larger than the vast majority of local comparables, yet may not command a premium price reflective of those rankings.
This home would suit growing families or professionals seeking move-in-ready space in a modern community. It’s particularly suited for a buyer who values statistical advantages in size and age over immediate prestige on the specific street, and who appreciates the potential in a renovated basement for extra living or recreational space.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s current assessed value is $68,600, which ranks better than 78% of properties in Bridgwater Forest. This indicates it is considered a higher-value home within the neighbourhood itself.
2. When was it last sold and for how much?
The property last sold in April 2017 for $57,500. This sale price at that time was around the median range for the neighbourhood.
3. Is the home newer or older than others nearby?
Built in 2012, the home is newer than 93% of properties on its street and 89% of homes in Winnipeg, offering modern construction and systems.
4. What are the key features of the home?
The listing confirms a renovated basement, an attached garage, and a substantial living area of 2,656 sqft. There is no pool.
5. How does the lot size compare?
The land area is 4,913 sqft. This is a mid-range size for Park Valley Road, ranking better than 14% of lots on the street.