Property Overview: 124 Park West Drive
Key Characteristics & Appeal
This two-storey home in Bridgwater Centre is a modern, low-maintenance property built in 2017. Its primary appeal lies in its strong position within a newer community, offering a balance of space, recent construction, and established value growth. With 1,810 sqft of living space and a renovated basement, it provides functional room for a family. The attached garage and a land area of over 3,200 sqft add practical suburban benefits.
The home’s standout feature is its consistent ranking in the top tiers of its immediate area for key metrics. It sits in the top 15% of Winnipeg for living space and the top 6% for the newness of its build year on its street, meaning it is both spacious and relatively contemporary compared to many homes in the city. Having already undergone a basement renovation, it offers move-in readiness without a major immediate project. The sold price history shows a clear and steady increase in value from its original 2017 sale, indicating a solid investment in a stable neighbourhood.
This property would suit first-time buyers or young families looking for a modern home in a planned community without the wait of new construction. It also appeals to value-conscious buyers who appreciate a home that has already seen strategic updates (like the basement) and outperforms many of its local and city-wide peers in terms of size and age.
Frequently Asked Questions
1. How does the "ranking" data work?
The percentile rankings (e.g., Top 15% in Winnipeg) show how this property compares to others in the listed geographic area for a specific metric. For example, being in the top 6% for year built on its street means 94% of homes on Park West Drive are older. This helps gauge relative standing.
2. The assessed value is listed at $50,900, but it sold for $448,500 in 2024. Why is there such a large difference?
In Manitoba, the assessed value for property tax purposes is typically much lower than the actual market value. The recent sale price is the true indicator of the home's current market worth.
3. What does the renovated basement include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key detail to clarify with the listing agent to understand if it includes a legal suite, additional bedrooms, or a recreational space.
4. The home sold twice in seven years. Is that a concern?
Not necessarily. The first sale in 2017 was likely from the builder to the first owner. The 2024 sale represents a typical resale after 6-7 years of ownership, which is a common timeframe. The consistent value increase between sales suggests a healthy market history.
5. How does Bridgwater Centre compare as a neighbourhood?
Bridgwater Centre is a master-planned community in Winnipeg known for newer homes, parks, pathways, and nearby amenities like shopping centres and schools. The data shows this home is newer and larger than the vast majority of properties in the wider Bridgwater area, positioning it well within the community.