Property Overview: 267 Park East Drive, Bridgwater Centre
Key Features & Ideal Buyer Profile
This 2017-built home in the popular Bridgwater Centre neighbourhood offers modern living in a highly regarded area. Its key characteristic is a strong positional value, ranking in the top 1% of its street and top tier of both the neighbourhood and Winnipeg overall for its location. With 1,451 sqft of living space and a $450k assessed value, it sits comfortably above average for the city. The home includes a basement (unrenovated) but does not have a garage or pool.
The appeal lies in acquiring a relatively newer build (9 years old) within a top-ranked locale, suggesting a well-established, desirable community. It suits buyers prioritizing neighbourhood prestige and long-term value over immediate move-in perfection. It’s an ideal match for a first-time buyer or young family ready to grow into the space and personalize it over time, or for a value-focused purchaser who sees potential in the unfinished basement as a future project. A less obvious perspective is its appeal to data-driven buyers; the provided rankings offer clear, quantifiable evidence of its standing compared to nearby properties, reducing speculation about its value.
Frequently Asked Questions
1. What do the "Top %" rankings actually mean?
They show how this property compares to others in a specific category. For example, ranking "Better than 100% in Winnipeg" for its area means its location is rated more highly than every other listed property in the city, indicating a premier spot.
2. Why is the assessed value ($450k) so different from the last sold price ($385k in 2019)?
The 2019 sale price reflects the market conditions at that time. The current assessed value is an estimate of the property's worth for taxation purposes now, influenced by market appreciation, improvements, and comparable sales in the intervening years.
3. What are the implications of having no garage?
This means all parking will be on the driveway or street. Buyers should consider their vehicle storage needs, winter climate preparedness, and potential impact on future resale compared to other homes in the area that may include a garage.
4. The basement is noted as "not renovated." What state is it likely in?
It is likely a blank canvas—finished with basic walls, flooring, and ceiling, but lacking the fixtures, divisions, or design of a lived-in space. It provides functional area for storage or utilities, but awaits customization to become a family room, home office, or additional bedroom.
5. How does this home compare to others on the same street?
The data shows a mix: while its location ranks exceptionally high on the street, the building itself is newer than only 30% of street properties, suggesting other homes may be more recently built. Its living area and assessed value, however, are above the street median, indicating it's a solid, mid-to-upper-tier home in this specific location.