Property Overview: 100 Park East Drive, Bridgwater Centre
Key Characteristics & Appeal
This is a well-maintained, two-storey home built in 2015, situated in the popular Bridgwater Centre neighbourhood. With 1,479 sqft of living space on a 2,753 sqft lot, it offers a practical layout for modern living. The home includes a detached garage and an unfinished basement, presenting a clean slate for future customization.
Its primary appeal lies in its strong position within a newer, established community. The property ranks notably high for its newer build year compared to most of Winnipeg, placing it in the top 8% city-wide. This suggests a home with modern construction standards and less immediate concern for major repairs. The lot size is also above average for the immediate street, offering a bit more outdoor space than many of its neighbours. Recent sale history shows a solid value increase from its last sale in 2022, indicating a stable investment in a desirable area.
This home would suit first-time buyers or young families looking for a move-in-ready property in a newer suburb without the premium of a brand-new build. The unfinished basement is a key feature for buyers who view potential as a positive, allowing them to tailor the space to their needs over time. It’s also a sensible choice for value-conscious buyers who appreciate the data-backed metrics showing its competitive standing in lot size and age within the broader market.
Frequently Asked Questions
1. How does the unfinished basement affect the value and utility?
It presents both a cost-saving opportunity at purchase and future potential. You avoid paying a premium for a finished layout you might not want, but should budget for insulation, flooring, and walls if you plan to finish it. It currently offers ample storage or workshop space.
2. The home ranks in the top 8% in Winnipeg for year built. What does this practically mean?
It means the major components like roofing, windows, HVAC, and insulation are relatively young and likely compliant with recent building codes. This can translate to lower maintenance costs and better energy efficiency compared to the majority of Winnipeg's older housing stock.
3. The lot size ranks well on the street but lower in the neighbourhood. Should I be concerned?
Not necessarily. It indicates you have a larger-than-average yard for your specific block, which is a daily benefit. The lower neighbourhood ranking simply reflects that some nearby areas or phases may have different, often larger, lot types.
4. The assessed value is significantly lower than the last sale price. Why?
Municipal assessed value for property tax purposes often lags behind the current market and uses a different valuation method. The 2022 sale price is a more accurate reflection of its recent market value, and the increase since then suggests a positive trend.
5. What is the significance of the detached garage in this community?
In newer neighbourhoods like Bridgwater Centre, a detached garage is a common design choice. It provides clear separation between vehicle storage and living space. Consider your preference for accessing your vehicle in winter versus the potential for a future workshop or studio space detached from the house.