Property Overview
31 Park Valley Road is a modern two-storey home in Winnipeg's Bridgwater Forest neighbourhood. Built in 2012, it sits on a generous 4,524 sqft lot and features 2,329 sqft of living space, an attached garage, and a renovated basement. The home’s appeal lies in its balance of contemporary build, above-average interior space for the area, and a quiet, established street. Its recent sale history shows significant value appreciation, suggesting a well-regarded location.
This property would suit buyers looking for a move-in ready, low-maintenance home in a newer community. It’s particularly fitting for growing families or professionals who prioritize modern amenities and space over being in an older, central neighbourhood. The renovated basement adds flexible living or recreational space, enhancing its practicality.
Key Characteristics & Suitability
The home’s standout feature is its efficient use of space. While the lot size is typical for the street, the living area is notably larger than most homes in Winnipeg, indicating a well-designed floor plan. Its 2012 build date means it benefits from modern construction standards without being brand new, potentially avoiding the quirks of a brand-new build while still feeling contemporary.
Its appeal is grounded in being a solid, above-average offering within its immediate context. It ranks highly for living space and assessed value city-wide, but more modestly within its own street and neighbourhood. This suggests a premium property on a street of other nice homes, appealing to those who want quality without the extreme premium of a top-tier lot. The significant jump in sale price from 2019 to 2023 highlights strong market confidence in this specific property.
The ideal buyer is likely value-conscious but not budget-constrained, seeking a family-friendly home in a planned community. They would appreciate the low exterior maintenance of a newer home and the added bonus of a finished basement, avoiding immediate renovation projects.
Frequently Asked Questions
1. How does this home compare to others on Park Valley Road?
The data shows it has a larger-than-average living area for the street but a fairly typical lot size. It is a newer build on the street, ranking in the top 7% by year built. The most recent sale price was in the top quarter for the street, indicating it is perceived as a premium property on this road.
2. What does the "renovated basement" likely include?
While specific finishes aren't listed, the term "renovated" typically means the basement has been professionally finished into livable space, which may include bedrooms, a family room, or a recreational area. It is a key value-add feature.
3. Has the property value increased?
Yes. Public sale records show it sold for $552,000 in August 2019 and then for $600,000 in March 2023. This represents solid appreciation over that period.
4. Is Bridgwater Forest a mature neighbourhood?
As a community with homes built largely in the 2010s, it is considered established but not mature in the traditional sense. Landscaping will be settled, but the area retains a newer, planned community feel with modern amenities and infrastructure.
5. Why is the assessed value much lower than the sale price?
This is common. The municipal assessed value for taxation purposes ($648,000) is often a lagging indicator and uses a different valuation method than the open market. The recent sale price of $600,000 is the current market valuation.