Property Overview: 67 Park Valley Road, Bridgwater Forest
Section 1: Key Characteristics & Appeal
This two-storey home in the popular Bridgwater Forest neighbourhood presents a compelling blend of space, location, and modern readiness. Built in 2012, it sits on a notably large lot (over 7,400 sq ft), ranking in the top quarter for size on its street and within the wider community. This generous outdoor space is a key asset, offering ample room for gardening, play, or future expansions like a deck or patio.
The home’s primary appeal lies in its balance. It features a renovated basement, adding immediate functional living space without the need for buyer investment. While the living area is more modest compared to the lot size, it suits efficient living. The property’s strong assessed value ranking city-wide suggests it is viewed as a solid, appreciating asset. It’s an ideal fit for young families or professionals seeking a move-in ready home in a master-planned area, where they can benefit from a large yard and established community amenities without taking on a major renovation project. A thoughtful perspective is that this property may appeal to buyers who prioritize land value and outdoor potential over sheer interior square footage, seeing the lot as a long-term investment.
Section 2: Frequently Asked Questions
1. How does the lot size compare to typical properties in Winnipeg?
The lot is 7,441 sq ft, which is larger than 86% of properties in Winnipeg, placing it in the top 14% city-wide. This is a standout feature for the neighbourhood.
2. Has the property been updated since it was built in 2012?
Yes, the basement has been renovated, providing modern, finished living space ready for use.
3. Is the living space small for the area?
At 1,628 sq ft, the living area is more compact relative to the large lot. It ranks below the street average but is near the middle range for the broader neighbourhood, suggesting an efficient floor plan.
4. What does the assessed value indicate about the property’s standing?
The assessed value ranks in the top 9% in Winnipeg, indicating that city assessors view it as a high-value property relative to the market, often reflecting factors like lot size, condition, and location.
5. How stable is the value in this specific part of Bridgwater Forest?
The last sale was in 2016. The current assessed value is significantly higher than that sale price, and its high ranking relative to nearby properties (e.g., better than 84% in the neighbourhood) suggests it has maintained and grown its value well within its immediate context.