Property Overview
This two-storey home at 111 Edge Park Crescent in Bridgwater Trails is a modern property built in 2021, offering a turnkey lifestyle in a sought-after neighbourhood. Its key appeal lies in its balance of new construction benefits and established community living. The home sits on a notably large lot (over 7,200 sq ft), which ranks in the top 15% for size on its street, providing ample outdoor space that is increasingly rare in newer subdivisions. With an attached garage and a full, unfinished basement, it presents a solid foundation for both immediate living and future customization.
The property is particularly well-suited for young families or professionals seeking a low-maintenance, modern home in a vibrant community without sacrificing yard space. Its strong rankings—especially being newer than 98% of Winnipeg homes—mean major systems and finishes are under warranty and up to current standards. The buyer profile is someone who values the "new build" feel but prefers a lot that has already matured somewhat, offering more privacy and landscaping potential than a brand-new release lot typically would. A thoughtful perspective is that the unfinished basement, while requiring investment, is a blank slate that allows the next owner to add value and tailor the space to their exact needs without the hassle of undoing a previous owner's potentially dated renovation.
Frequently Asked Questions
1. What is the significance of the lot size?
At 7,220 sq ft, the lot is substantially larger than average for this area and era of build. This means more private outdoor space for play, gardening, or entertaining, and often provides better spacing from neighbours compared to many newer infill properties.
2. Are there any major upcoming costs or known issues?
As a 2021 build, the home is still within the typical warranty period for major components like the structure, envelope, and systems. This can provide significant peace of mind. The main anticipated cost would be for finishing the basement to add living space.
3. How does the assessed value relate to the asking price?
The assessed value of $570k is a municipal valuation for tax purposes and serves as a useful benchmark. It indicates the home is valued in the top 10% of Winnipeg properties. Market conditions, specific features, and recent comparable sales will ultimately determine the listing and sale price.
4. What is the neighbourhood like?
Bridgwater Trails is a master-planned community in Waverley West, known for its pathways, parks, and newer amenities. The data shows this property ranks highly within this desirable neighbourhood, suggesting a prime location within the area itself.
5. Why is the 2021 sale price so much lower than the current assessed value?
The home was likely purchased new from the builder in July 2021 for $488k. The increase in assessed value reflects both the natural appreciation of a new home after its initial purchase and the strong market growth in Winnipeg over that period.