Property Overview
83 Park East Drive is a modern, two-storey home in Winnipeg's Bridgwater Centre neighbourhood. Built in 2015, it sits on a generous 3,181 sqft lot and features 1,810 sqft of living space, an attached garage, and a renovated basement. The property has demonstrated strong value appreciation, selling for $400,000 in 2020 and $510,000 in early 2025.
Key Characteristics & Appeal
This home’s primary appeal lies in its combination of modern construction, a desirable location within a master-planned community, and clear financial performance. Its key characteristics include a top-tier lot size for its street, a fully renovated basement adding functional space, and a building age that places it among the newer homes in Winnipeg, minimizing immediate major repair concerns.
The property would suit buyers looking for a move-in ready home in a family-oriented neighbourhood who also view real estate as a practical investment. It’s particularly well-suited for:
- Growing families seeking the parks, pathways, and community amenities of Bridgwater.
- Value-conscious buyers who appreciate the recent basement renovation and modern build, which should translate to lower maintenance costs in the near term.
- Data-driven purchasers reassured by the home’s strong rank in lot size and its history of value growth within its peer group.
A less obvious perspective is the home’s balance between established maturity and freshness. At 11 years old, the neighbourhood landscaping and community are settled, yet the home itself is still modern enough to avoid the common issues of much older properties. Its sales history also suggests it’s in a micro-location (its specific street and section of Bridgwater) that has been highly resilient and sought-after.
Frequently Asked Questions
1. How does the lot size compare to others?
The 3,181 sqft lot is in the top 14% for size on Park East Drive, offering more outdoor space than most direct neighbours—a notable advantage in newer communities where lots can be smaller.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A buyer should inquire for details on the quality, permits, and whether it includes a bedroom, bathroom, or legal suite potential.
3. Has the home’s value increased steadily?
Yes. The assessed value is $48,800, but market value is higher, as shown by the 2025 sale at $510,000. This indicates a significant increase from its 2020 sale price of $400,000, reflecting strong market demand for this location and property type.
4. Is this a good area for families?
Bridgwater Centre is a master-planned community known for its parks, ponds, and extensive pathway networks, making it popular with families. The rankings show this specific street is among the more established and desirable within the wider neighbourhood.
5. Are there any red flags from the sales history?
The rapid appreciation is positive but suggests buyers should ensure their offer is supported by a current appraisal and inspection. The jump from $400k to $510k in under five years aligns with recent market trends but underscores the importance of understanding current market conditions.