Property Overview: 173 Park Valley Road, Bridgwater Forest
Key Features & Ideal Buyer
This two-storey home in the sought-after Bridgwater Forest community presents a compelling opportunity. Built in 2012, it sits on a large, approximately 12,200 sqft lot, offering more space and privacy than most properties in Winnipeg. The home itself is spacious, with nearly 2,900 sqft of living area, placing it in the top tier for size locally. Key features include an attached garage and a renovated basement, adding valuable finished space.
The appeal lies in its established yet modern feel within a mature neighbourhood. The data suggests a property that outperforms most peers: it ranks in the top 10% for lot size, living area, and assessed value within its own street and often the top 5% across wider Bridgwater Forest. This indicates a home that has been well-maintained and sits above average in a desirable area. It would perfectly suit a growing family seeking space, stability, and community amenities, or a professional looking for a move-in ready home in a high-ranking location without the wait of a new build. A thoughtful perspective is that the 2012 build date offers a sweet spot—modern construction standards and efficiency, but with established landscaping and settled neighbourhood character, avoiding the initial growing pains of brand-new subdivisions.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home was last sold in April 2021 for $96.5k. Its current assessed value is $105.9k, which is a typical indicator of market growth and municipal valuation over that period.
2. Is the lot size unusual for this area?
Yes. At 12,198 sqft, the lot is larger than 94% of properties on Park Valley Road and 97% of properties in Winnipeg, making it a standout feature for outdoor space.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specific details on the scope, finishes, or permits should be verified with the listing agent or during a viewing.
4. How does this home rank for space within Bridgwater Forest?
Very highly. With 2,902 sqft of living area, it is larger than 98% of homes in the Bridgwater Forest neighbourhood, placing it in the top 2%.
5. The nearby comparable properties have similar assessed values but different addresses. What does this mean?
The listed properties (e.g., on Georgetown Drive, Canvasback Cove) are provided as financial comparables based on municipal assessment value only. They are in different neighbourhoods, highlighting that this home's assessed value is in line with a range of areas, but key factors like specific location, lot size, and community (Bridgwater Forest) will directly influence market price and desirability.