Property Overview: 16 Edge Park Crescent
This modern two-storey home in Bridgwater Trails offers a compelling blend of new-build convenience and established community living. Built in 2022, it presents a move-in-ready opportunity with the benefit of recent construction standards and warranties. The property sits on a generous 4,445 sqft lot and features 2,238 sqft of living space, an attached garage, and an unfinished basement awaiting your personal touch.
Key Characteristics & Appeal
The primary appeal of this home lies in its balance of space, modernity, and location within a sought-after master-planned community. Its key characteristics position it as a strong, above-average offering in several areas. The home ranks in the top tier for its newness (built 2022), living space, and assessed value compared to most of Winnipeg. This suggests a well-proportioned, contemporary property that has kept pace with or exceeded market trends.
It would ideally suit first-time move-up buyers, young families, or professionals seeking a modern, low-maintenance home in a vibrant neighbourhood with amenities, trails, and parks. The unfinished basement is a significant asset for the right buyer, offering the flexibility to create additional living space, a home gym, or a media room tailored to specific needs without the premium of it already being completed.
A thoughtful perspective: while newer homes offer peace of mind, this property has passed the initial "settling-in" phase where minor builder deficiencies typically surface, potentially offering a more stable purchase than a brand-new build. Furthermore, its strong rankings in living space and value within a newer community like Bridgwater Trails indicate it was likely a premium model or lot when first built, offering more substance than some of the surrounding properties.
Frequently Asked Questions
1. What are the annual property taxes?
While the current assessed value is $613,000, taxes are calculated using a mill rate. You should contact the City of Winnipeg or your real estate professional for an accurate estimate based on the latest mill rate.
2. What is the condition of the unfinished basement?
The basement is described as unfinished, meaning it has bare walls, concrete floors, and is ready for development. It's advisable to verify its ceiling height, window well sizes for egress, and the rough-in locations for plumbing if you plan to add a bathroom.
3. Why did it sell for $647,000 in 2022, but is now assessed at $613,000?
The 2022 sale price reflected the peak of the market and the cost of purchasing a brand-new home. The current city assessment is for the 2024 tax year and is based on mass appraisal techniques and market trends; it is a valuation for taxation purposes and not necessarily an indicator of current market value, which is determined by what a buyer is willing to pay today.
4. What makes Bridgwater Trails a desirable community?
Bridgwater Trails is a master-planned community known for its extensive pathway networks, parks, ponds, and planned amenities like schools and retail centres. It’s designed with a focus on walkability and a modern neighbourhood feel.
5. What does the "ranking" data actually mean?
The rankings show how this property compares to others in its immediate street, broader community, and all of Winnipeg. For example, ranking in the "top 5%" for living space in Winnipeg means 95% of homes in the city are smaller. This data helps quickly gauge the property's relative size, age, and value against its peers.