122-325 Park East Drive

Property Summary: 122-325 Park East Drive, Bridgwater Centre

Section 1: Overview & Appeal

This is a modern, low-maintenance condominium in Winnipeg's popular Bridgwater Centre neighbourhood, built in 2018. Its key characteristic is its exceptional location within the community, ranking in the top 1% of its street and top 0% of both the neighbourhood and city for area desirability. This suggests a prime, well-regarded spot within the development.

The appeal lies in a blend of contemporary living and a standout setting. With 1,262 sqft of living space, it suits buyers looking for a newer build without the upkeep of a detached home. The data indicates it may offer relative value, as its assessed value is notably lower than some comparable nearby properties, potentially presenting an entry point into a high-demand area. This property would best suit first-time buyers, downsizers, or investors seeking a modern unit in a consistently sought-after master-planned community. A thoughtful perspective is that while it lacks a garage and basement, its strong locational ranking compensates by offering immediate access to community amenities and parks, aligning with a lifestyle prioritising convenience and walkability.

Section 2: Frequently Asked Questions

1. What does the "top 1% in same street" ranking mean?
This metric indicates the property's lot or location within Park East Drive is considered among the very best on that street, likely due to factors like positioning, views, or proximity to green space.

2. Why is the assessed value ($321,000) different from the nearby reference property?
Assessment values are for municipal tax purposes and consider many factors. The difference from the neighbouring property (308 Park East Drive at $406,000) is likely due to unit size, specific location, interior finishes, and exact condo unit features.

3. Is this a good option for someone needing a garage?
No. The listing specifies "Garage: None." Parking would be limited to surface or designated outdoor spots, which is a key consideration for buyers with vehicles or storage needs.

4. The home was last sold in 2019. What does that tell us?
The 2019 sale price of $291,000 provides a historical benchmark. The current assessed value being higher suggests market appreciation, but a professional appraisal and market analysis are needed to determine its present market value.

5. How does the living area compare to typical homes in Winnipeg?
At 1,262 sqft, this condo's living space is above the Winnipeg median, ranking in the top 58% city-wide. It offers the space of a modest detached home but in a condominium format, which is a notable feature.