292 Park West Drive

Property Overview

This two-storey home in Bridgwater Centre presents a modern, low-maintenance living option. Built in 2015, its key appeal lies in its balance of being relatively new while having established, mature landscaping compared to brand-new builds. The home features a renovated basement and an attached garage on a nearly 4,000 sqft lot. Its standout characteristic is its strong performance within its immediate area; it ranks in the top tiers of its street and neighbourhood for lot size, living space, and recent sold price, suggesting it's a above-average property in a desirable local context. It would suit young professionals, couples, or small families looking for a move-in ready home in a modern Winnipeg community without the premium of a brand-new construction. A thoughtful perspective is that while it ranks highly locally, its city-wide rankings are more varied, indicating it offers exceptional value within Bridgwater itself, which is a key consideration for buyers focused on this specific area.

Frequently Asked Questions

1. How does the assessed value compare to the last sale price?
The property was last sold in September 2023 for $351,800. The current assessed value is listed at $48,400. It's important to note that in Manitoba, property assessments are not market valuations; they are used for calculating municipal taxes. The "assessment" figure here is not the home's estimated market price.

2. What do the ranking percentages actually mean?
The rankings (e.g., "Better than 97% in neighbourhood") show how this property compares to others in the defined area for a specific metric, like lot size. For example, a "Top 3%" rank for lot size in the neighbourhood means 97% of comparable properties have a smaller land area, highlighting one of this home's strengths.

3. Is the basement development legal and permitted?
The listing notes the basement is "renovated." Prospective buyers should always verify the nature of the renovations, inquire about building permits, and ensure the work meets current code standards during their due diligence process.

4. What is the community of Bridgwater Centre like?
Bridgwater Centre is a modern, master-planned community in Winnipeg known for its parks, pathways, and newer amenities. This home's location, with several similar properties nearby, suggests a consistent, well-established streetscape within that community.

5. Why is there a difference between the living area and the total land area?
The living area (1,730 sqft) refers to the finished, habitable space inside the home. The land area (3,975 sqft) is the total size of the property lot. The significant difference highlights that the home occupies only a portion of the lot, leaving considerable outdoor space for yards, gardens, or decks.