31 Edge Park Crescent

Property Overview

This two-storey home in Bridgwater Trails offers modern living in a sought-after neighbourhood. Built in 2020, it presents a low-maintenance, move-in-ready opportunity with significant upside potential. Its appeal lies in being a nearly new home that has already demonstrated strong value growth, coupled with the desirable blank slate of an unfinished basement.

Key Characteristics & Appeal:
The 2,365 sqft home sits on a generous 4,890 sqft lot and features an attached garage. Its standout feature is its impressive rankings: it scores in the top 10-15% of its street and community for living space and recent sale price, and ranks in the top 5% across Winnipeg for assessed value. This indicates a property that is both larger and more valuable than most comparable listings. The home is particularly suited to two types of buyers: those seeking a modern build without the wait of new construction, and value-add investors or growing families who see potential in finishing the basement to significantly increase the total livable square footage. Its rapid appreciation from $513,000 in 2020 to a $685,000 sale in 2023 suggests a solid track record in a popular area.

Frequently Asked Questions

1. How does the unfinished basement affect the value?
While the main living areas are complete, the unfinished basement represents both a cost and an opportunity. It allows a new owner to customize the space to their needs, potentially adding a recreation room, extra bedrooms, or a rental suite, which would increase the home's overall value.

2. The home sold recently in 2023. Why is it back on the market?
This is a key question for your real estate agent to investigate. While the specific reason isn't listed, short-term ownership can be due to many neutral factors like job relocation, change in family circumstances, or a strategic investment sale, and does not necessarily reflect on the property itself.

3. Are the property taxes based on the assessed value or the last sale price?
Property taxes are based on the municipal assessed value, which is currently $641,000. This is typically lower than a recent sale price, but the final tax bill will be calculated using the city's mill rate.

4. What are the advantages of a 2020 build?
A home from 2020 offers the benefits of modern building codes, contemporary floor plans, and newer major systems (like HVAC, wiring, and insulation), likely resulting in better energy efficiency. It also means many builder warranties on major components may still be transferable or recently expired.

5. How does this home rank for its age within the community?
Interestingly, while the home is newer than 97% of Winnipeg, it's only newer than 79% of homes in Bridgwater Trails itself. This highlights that the community is predominantly new, so you're comparing it to other modern homes, not older stock, which speaks to the overall character and age of the neighbourhood.