Property Summary: 402 Park West Drive, Bridgwater Centre
Key Characteristics & Appeal
This 2015-built home in Bridgwater Centre offers a modern, low-maintenance lifestyle in a highly sought-after area. With 1,712 sqft of living space and an unrenovated basement, it presents a solid, move-in-ready canvas. Its primary appeal lies in its exceptional location rankings—it sits in the top 1% of its street and the top 0% of both its neighbourhood and all of Winnipeg for area desirability. This indicates a premium spot within a consistently popular community. The property has demonstrated strong value appreciation, with its last sale price in 2024 significantly higher than its 2019 sale.
This home is well-suited for professionals, young families, or downsizers seeking a modern property in a top-ranked suburban neighbourhood without the upkeep of a large yard or an older home. It’s particularly ideal for a buyer who values community prestige and a proven investment trajectory over having a garage or a finished basement, as those offer immediate project potential or cost savings.
Frequently Asked Questions
1. What does the "top 0% in neighbourhood" ranking actually mean?
It means this specific property lot is ranked #1 out of 204 comparable lots in Bridgwater Centre for its area/desirability score, placing it in the most exclusive tier. This is a strong indicator of a premium location within an already popular community.
2. The basement is noted as "not renovated." What is its condition?
The listing specifies the basement exists but is unfinished. This means it’s likely a blank canvas of concrete walls and floors, offering the new owner full flexibility to finish it to their taste, but also representing an additional project and cost.
3. There is no garage. Is there dedicated parking?
While the listing does not specify a garage, the property is in a modern suburban development. It almost certainly includes a private driveway, but verifying the exact parking arrangement (e.g., single or double driveway) would be a key due diligence step.
4. The assessed value is $51.50k, but it sold for $450k in 2024. Why the huge difference?
In Manitoba, the assessed value is not market value; it is a value set by the municipality for taxation purposes only, typically much lower. The recent sale price of $450,300 is the true indicator of its current market value.
5. The home is newer (2015), but how does it rank for age on its street?
It ranks better than only 42% of homes on its street for age, meaning a majority of the neighbouring houses are newer. This suggests the home is on an established street within a community that saw continued development after 2015.