Property Overview: 51 Park East Drive, Bridgwater Centre
Key Characteristics & Appeal
This well-maintained two-storey home in the popular Bridgwater Centre neighbourhood offers a balanced package for modern living. Built in 2015, it features a renovated basement, an attached garage, and a generous 1,730 sqft of living space on a 3,234 sqft lot. The home’s standout appeal lies in its strong positional rankings within its immediate area. It sits in the top tier for lot size, living area, and recent sold price on its own street and within Bridgwater Centre, suggesting it is a above-average offering in a desirable, established pocket of the community.
The property would suit buyers looking for a turnkey home in a newer suburb without the premium of a brand-new build. It’s particularly suited for those who value space and a finished basement for family living or entertaining. A thoughtful perspective for buyers is the home’s assessed value trajectory; it has appreciated significantly from its 2019 sale price, indicating solid growth, yet its current assessed value remains conservative compared to its last sale price, which may present different angles for valuation and property tax considerations.
Frequently Asked Questions
1. How does this home compare to others in Bridgwater Centre?
Based on the available metrics, this home ranks better than 83% of properties in the neighbourhood for lot size and better than 93% for living area, placing it in the top tier for space within this community.
2. What is the significance of the sold price history?
The home sold for $480,000 in late 2021, a price that ranks highly within its immediate area. This recent comp is a strong data point for current market value, showing substantial growth from its prior sale in 2019.
3. Is the basement development original?
No, the listing specifies the basement has been renovated, meaning it was finished after the home was built in 2015, adding valuable living space.
4. How might the assessed value impact an offer?
The municipal assessed value ($479,000) is currently below the 2021 sale price. Buyers should be aware that property taxes are based on this assessment, not market sale price, but a significant gap between assessment and market value can sometimes be a point of discussion in negotiations.
5. What does the "rank by year built" mean for a 2015 home?
While the home is relatively new (better than 92% of Winnipeg), it is older than 85% of homes in its own neighbourhood. This indicates Bridgwater Centre has many newer builds, so this property offers more established landscaping and potential for matured finishes compared to the newest lots.