Property Overview: 55 Park East Drive, Bridgwater Centre
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2015, offers a modern footprint in the popular Bridgwater Centre neighbourhood. Its key characteristics include a 1,730 sqft living area, an attached garage, and a full basement awaiting personalization. The lot is a notable feature at 3,179 sqft, providing above-average outdoor space for the area.
The appeal lies in its balance of relative newness and opportunity. As an 11-year-old home, major systems are likely still in good condition, offering move-in readiness while the unfinished basement presents a clear canvas for future expansion or storage. Its strong rankings—particularly being newer than 92% of Winnipeg homes and on a larger-than-average lot—suggest it occupies a desirable position within its peer group. This property would suit first-time buyers or young families looking for a modern community with room to grow, as well as value-conscious buyers who prefer to customize spaces like the basement themselves over time, potentially avoiding the premium of a fully finished home.
Section 2: Frequently Asked Questions
1. What does the "rank" data actually mean for a buyer?
The rankings compare this property to others on its street, in Bridgwater Centre, and across Winnipeg. For example, being "newer than 92% of Winnipeg homes" is a strong indicator of modern construction, while its lot size ranking in the "top 77% on the same street" suggests more yard space than many immediate neighbours.
2. Is the sold price from 2023 a reliable indicator of current value?
The December 2023 sale price of $479,900 provides a recent benchmark, but market conditions can change. It's a crucial data point for understanding the home's market history and starting a conversation about its present value.
3. What are the implications of having an unrenovated basement?
This offers both flexibility and a project. It allows a new owner to finish the space to their specific needs and budget without needing to undo previous work. However, it also requires planning and investment to realize its full potential.
4. How does the assessed value relate to the likely listing or sale price?
The $444,000 assessed value is for municipal tax purposes. It often differs from market value. The previous sale price being higher suggests the market has historically valued the property above its assessment, but a current appraisal or market evaluation is necessary for today's price.
5. The home ranks highly for being new, but lower for living area size. What's the trade-off?
This highlights a common balance: you're getting a newer structure with likely lower maintenance, but the finished living space is more compact than many in the city. The large lot and unfinished basement are the natural counterpoints, offering space to expand outdoors or potentially add finished square footage downstairs.