Property Overview: 116 Park West Drive
This two-storey home in Bridgwater Centre presents a compelling blend of modern living and established value. Built in 2016, it offers the benefits of a newer build without the initial settling-in period. The home features a renovated basement and an attached garage, situated on a lot that is larger than most in the immediate area. Its living space of 1,810 sq ft ranks exceptionally high, placing it among the top 3% of homes on its street for size. The property’s current assessed value is strong relative to its neighbourhood and the wider Winnipeg market, suggesting a well-maintained asset in a desirable location.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of space, modernity, and location. As a 10-year-old home in the planned community of Bridgwater Centre, it offers contemporary layouts and construction standards while being past the stage of brand-new development quirks. The renovated basement adds immediate functional living space or rental potential. Its standout characteristic is the generous living area, which is notably larger than comparable homes nearby, providing rare interior volume for its cohort.
This home would suit a young family seeking move-in-ready space in a community-oriented neighbourhood, or a value-conscious buyer looking for a modern property that has already seen key upgrades. The strong rankings in lot size and living area within its street and neighbourhood indicate it’s a "best-in-class" option for the area, rather than just another similar listing. A less obvious perspective is its appeal to a data-driven buyer: the metrics show a property that outperforms most local benchmarks for space, which is a tangible, lasting advantage over cosmetic features.
Frequently Asked Questions
1. What is the significance of the property’s high rankings for lot and living area?
These rankings, especially being in the top 3% on its street for living space, mean you are getting more physical space—both indoors and on the lot—than the vast majority of direct neighbours. This often translates to better room sizes, more privacy, and a stronger foundation for future value.
2. The home sold in 2017 for less than its current assessed value. What does this indicate?
This is typical for a home purchased new from a builder in 2016 and then resold shortly after. The 2017 sale likely represented the first re-sale value. The increase to the current assessed value reflects the added value of the renovated basement, general market appreciation, and the establishment of the community over the past several years.
3. What is the Bridgwater Centre neighbourhood like?
Bridgwater Centre is a master-planned community in Winnipeg known for its newer homes, parks, pathways, and community-focused amenities. It’s designed with walkability and modern family living in mind, often attracting buyers looking for a contemporary suburban lifestyle.
4. Does the "renovated basement" mean it’s a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should confirm with the listing agent or city records whether the renovation included proper permits and if it meets code for a potential rental suite, as this significantly impacts value and utility.
5. How does the assessed value compare to the likely listing price?
Assessed value is for municipal tax purposes and is a historical snapshot. It’s a useful benchmark showing the property is valued highly relative to the area, but the final market price is determined by current market conditions, the home’s specific condition, and buyer demand. It serves as a strong indicator of the home’s standing rather than a direct price prediction.