Property Overview
This two-storey home at 152 Park West Drive in Winnipeg's Bridgwater Centre neighbourhood presents a compelling blend of modern comfort and established value. Built in 2016, it sits on a generous 3,223 sqft lot and features 1,810 sqft of living space, an attached garage, and a renovated basement.
Key Features & Ideal Buyer
The primary appeal of this property lies in its balanced position within a desirable, modern community. It is a home that has settled into its surroundings, offering the benefits of a newer build without the premium of brand-new construction. The renovated basement adds immediate functional space without the need for a major project.
Its standout characteristic is its above-average living space for the area; it ranks in the top 3% on its street and top 1% in the broader Bridgwater Centre neighbourhood for square footage. This suggests a home that offers more room than many of its direct comparables. Combined with a lot size that also ranks in the top quarter of the street, it provides a sense of space that can be rare in newer subdivisions.
The home would suit practical, value-conscious buyers looking for a move-in ready property in a well-established newer community. It's ideal for young families seeking space to grow, or professionals who appreciate a modern layout and the low-maintenance aspect of a 10-year-old home. The strong rankings for living area and assessed value relative to the neighbourhood indicate a property that holds its own in terms of both comfort and perceived market value.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The current assessed value is $49,800, but it's important to note this is not a market valuation. The home last sold in September 2020 for $420,000. Assessment values are for municipal tax purposes and typically lag behind current market conditions.
2. The living area ranks very high locally. What does this mean practically?
Ranking in the top 1% of the neighbourhood for living area (1,810 sqft) means this home likely offers more interior space than the vast majority of homes in Bridgwater Centre. For buyers, this translates to larger rooms, more storage, or additional flex space compared to nearby properties.
3. What is the significance of the lot size ranking?
With a lot size ranking in the top 24% on its street, this property has a larger-than-average yard for the immediate area. This is a notable advantage in newer communities where lots are often compact, providing more outdoor privacy and space for gardening or recreation.
4. The home sold for $420k in 2020 but was assessed at $38.5k in 2016. Why the huge jump?
The $38,500 figure from 2016 was likely its assessed value as a newly built home, before it had ever been sold on the open market. The 2020 sale price of $420,000 reflects its true market value at that time after being lived in and established within the community.
5. What can nearby "for reference" properties tell us?
The listed comparable properties show that similarly assessed homes in the wider area can vary greatly in age, size, and neighbourhood. This highlights that 152 Park West Drive's combination of a 2016 build date, its specific lot size, and its above-average living area creates a unique profile within its assessed value range.