107-105 South Town Road

Property Overview & Appeal

This 2022-built property in Bridgwater Centre is a modern, low-maintenance home suited for first-time buyers, downsizers, or investors. Its primary appeal lies in its new construction status, eliminating immediate concerns about major repairs or updates. The 900 sqft living area is efficient and manageable, positioned in the top 19% of Winnipeg for size, suggesting a smart use of space without being overly expansive.

The home’s standout characteristic is its exceptional ranking within the immediate area. It sits in the top tier (top 0-1%) for both its street and neighbourhood when ranked by year built, meaning it is among the very newest properties in its direct community. This offers a sense of being in a fresh, contemporary environment. A thoughtful perspective is that while it has no private garage, its location within a well-ranked, walkable new community like Bridgwater Centre may offset this for buyers prioritizing neighbourhood amenities and modern infrastructure over private vehicle storage. The recent sale in July 2024 at a price above the assessed value indicates strong market interest in this specific offering.

Frequently Asked Questions

1. What does the "top percentage" ranking mean?
These rankings compare this specific property against all others in the named geographic area (street, neighbourhood, city) for a given metric. For example, being in the "top 0% by year built" on its street means it is one of the newest homes on that road, a sign of a modern building in a potentially developing area.

2. Is the lack of a basement or garage a significant drawback?
It depends on your lifestyle. This design minimizes maintenance and heating costs, appealing to those seeking simplicity. However, it reduces storage and utility space. The community's walkability and nearby amenities may compensate for the lack of private garage for some buyers.

3. The home recently sold for more than its assessed value. What does that indicate?
It typically reflects strong buyer demand for this particular property, likely driven by its new condition, specific location, and current market conditions. It's important to note that assessed value is for tax purposes, while market value is determined by what a buyer is willing to pay.

4. Who would this property suit best?
It is an ideal fit for first-time homebuyers entering the market with a modern, turn-key home, downsizers looking to reduce maintenance without sacrificing a contemporary lifestyle, or investors seeking a relatively new property in a high-demand community with proven rental appeal.

5. How does it compare to the nearby reference property at 308 Park East Drive?
While in the same neighbourhood, the reference property is older (2018 vs. 2022) and significantly larger (1,492 sqft vs. 900 sqft) with a higher assessed value. This highlights how this listing offers newer construction at a potentially lower price point, but with less interior space, representing a different value proposition focused on modernity and efficiency over size.