Property Overview: 144 Park East Drive, Bridgwater Centre
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2016, sits on a spacious lot in the modern Bridgwater Centre neighbourhood. Its primary appeal lies in a balance of established community living and relative newness, having passed the initial "brand new" phase while remaining a contemporary property. The home features a good-sized living area and a full, unrenovated basement offering clear potential for future customization.
The property’s standout feature is its land. With a lot size ranking in the top 3% of its street and neighbourhood, it offers above-average outdoor space for the area—a valuable asset in newer communities where lots can be smaller. This suits buyers looking for room for gardening, play, or future additions like a deck or shed. The home is well-suited for first-time buyers or young families seeking a move-in ready home in a planned community with modern infrastructure. Its assessed value is positioned in the middle range for the area, suggesting it aligns with the neighbourhood norm rather than standing out as a premium or budget option. A thoughtful perspective is that the unrenovated basement, while not a finished feature, is a blank canvas that allows the next owner to add value and tailor the space to their needs without first undoing someone else’s work.
Section 2: Frequently Asked Questions
1. How does the lot size compare to typical properties in Winnipeg?
The lot is approximately 3,924 sqft, which ranks in the top quarter city-wide, meaning it’s larger than about 76% of residential lots in Winnipeg. In Bridgwater Centre, it’s particularly notable, ranking in the top 3%.
2. What does the "rank by year" statistic mean for this 2016 home?
While the home is 10 years old, it ranks in the top 7% for newness across Winnipeg, indicating that a large majority of the city's housing stock is older. On its own street, however, it ranks in the top 15%, surrounded by many similarly aged or newer homes.
3. Is the basement finished?
No, the basement is confirmed as "not renovated," meaning it is unfinished. This presents potential for future development but requires budgeting for that project.
4. How does the assessed value relate to the likely selling price?
The assessed value of $400k is a municipal valuation for tax purposes. It can be a market indicator, but the actual selling price is determined by current market conditions, the home’s condition, and buyer demand. The home last sold for $310k in 2016.
5. Are there any immediate red flags from the data provided?
The data shows no obvious red flags. The home’s metrics (size, value, age) generally align with or exceed neighbourhood medians. The lack of a garage, common in some designs, is noted. As with any purchase, a professional home inspection is essential to assess condition beyond statistical rankings.