Property Overview: 59 Park East Drive, Bridgwater Centre
Key Characteristics, Appeal & Ideal Buyer
This two-storey home, built in 2015, presents a compelling mix of modern living and established value within Winnipeg’s Bridgwater Centre community. Its key appeal lies in its above-average living space and a strong position within its immediate area. With 1,730 sqft of living area, the home is notably larger than over 90% of houses on its street and in the neighbourhood, offering more room than many newer builds in the area. It sits on a good-sized 3,180 sqft lot and includes an attached garage and an unrenovated basement, providing a solid foundation for future customization.
The home’s value proposition is grounded in its comparative rankings. While it’s a newer build relative to most of Winnipeg, it is one of the older homes within the specific, newer development of Bridgwater Centre. This creates an interesting dynamic: it offers the established landscaping and settled feel that newer lots lack, while still being a modern property. Its assessed value has remained stable relative to its 2021 sale price, indicating steady market recognition. This property would best suit a buyer looking for a spacious, move-in-ready family home in a planned community, who appreciates having a blank canvas in the basement for future projects and values a property that has already seen its initial depreciation.
Frequently Asked Questions
1. How does the age of this home compare to others in Bridgwater Centre?
Built in 2015, this home is among the earlier builds in this newer neighbourhood. This means it’s newer than 92% of Winnipeg homes, but ranks in the top 89% (older) on its own street, indicating the surrounding houses were likely built more recently.
2. Is the living space considered large for the area?
Yes. With 1,730 sqft, this home’s living area is larger than 92% of homes on Park East Drive and 93% within the broader Bridgwater Centre neighbourhood, making it a notably spacious offering in this community.
3. What does the "unrenovated basement" mean?
The listing specifies the basement exists but is "not renovated." This typically means it is a finished or partially finished space in its original state from 2015, offering functional living area but presenting an opportunity for the next owner to update it to their own taste.
4. How stable has the property's value been?
The home sold for $45.70k in June 2021 and currently holds an assessed value of $44.40k. This suggests a stable market value in its micro-area, performing in line with or slightly better than many comparable properties in Winnipeg over that period.
5. Are the lot size and rankings competitive?
The 3,180 sqft lot is larger than 81% of lots on its street, offering good outdoor space for the area. While its rankings for year built are lower within the immediate street (due to newer neighbours), its rankings for living space, lot size, and value are consistently in the top tiers of its neighbourhood.