Property Overview: 256 Park West Drive
Key Features & Ideal Buyer Profile
This well-maintained two-storey home in Bridgwater Centre offers a balanced package of space, location, and modern updates. Built in 2014, it sits on a larger-than-average lot (over 3,200 sq ft) for the area, providing good outdoor space. The 1,730 sq ft living area is competitively sized, ranking well within its immediate street and neighbourhood. A key feature is the renovated basement, adding valuable finished space. The home's recent sale history shows a significant value increase between 2021 and 2023, suggesting strong market confidence and potential investment stability.
Its appeal lies in a sought-after, family-friendly neighbourhood with a practical layout. It suits first-time buyers or young families looking for a move-in-ready home with room to grow, as well as value-conscious buyers who appreciate the already-completed basement renovation. A less obvious perspective is its appeal to data-driven buyers: the home consistently ranks in the top tiers for lot size, living area, and assessed value within its specific street and community, indicating it's a standout property in its immediate micro-market, not just a generic listing.
Frequently Asked Questions
1. How does the property's value trend compare to the area?
The sold price increased notably from 2021 to 2023, outperforming a high percentage of comparable sales in Winnipeg, Bridgwater Centre, and on its own street during that period, indicating strong appreciation.
2. Is the lot size typical for Bridgwater Centre?
No, the 3,243 sq ft land area is a key feature. It ranks better than 88% of lots on Park West Drive, meaning it offers more private outdoor space than most direct neighbours.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to request from the selling agent to understand the home's total usable living space.
4. How does the age of this home compare to others nearby?
Built in 2014, it is older than most homes in the wider Bridgwater Centre neighbourhood but is typical for its specific street. This may appeal to buyers seeking a more established streetscape.
5. Are property taxes in line with the assessed value?
The 2024 assessed value is $486,000. Property taxes would be calculated based on this assessment and the City of Winnipeg's annual mill rate. You can estimate taxes by multiplying the assessment by the current residential mill rate.