Property Overview
This 2015-built home in Bridgwater Centre presents a compelling mix of modern living and established community appeal. Its key characteristics are defined by a renovated basement, a manageable 1,402 sqft living area, and a consistent history of value growth, having sold for $47.5k in 2024 after a $39.2k sale in 2020.
The primary appeal lies in its location within a highly desirable, master-planned neighbourhood. The property ranks in the top 1% on its street and top 0% within both Bridgwater Centre and all of Winnipeg for its area, indicating a premium lot. While the home itself is a comfortable size, the standout feature is the land it sits on within this sought-after community. It would suit first-time buyers or downsizers looking for a modern, low-maintenance home in a top-rated area without the premium for a larger footprint. It also appeals to value-conscious buyers who recognize the long-term equity potential of a prime lot, viewing the house itself as a solid foundation with room for personal updates over time.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A buyer should verify if it’s a legal suite, a recreational space, or additional bedrooms, and request details on the quality and permits for the work done.
2. The home ranks low for living area on its street. Is it much smaller than its neighbours?
Yes, at 1,402 sqft, it is smaller than 94% of homes on Park West Drive. This suggests the neighbourhood consists of larger homes, making this property a more accessible entry point into the area. It offers the same location benefits with potentially lower utility and maintenance costs.
3. How can the assessed value be $45.5k when it just sold for $47.5k?
Municipal assessed value for tax purposes often lags behind current market values and uses a different calculation method. The recent sale price of $47.5k is a clearer indicator of its current market worth.
4. There is no garage listed. Is there alternative parking?
The listing specifies "Garage: None." Prospective buyers should investigate driveway capacity, visitor parking, and any community bylaws regarding street parking to understand the full parking situation.
5. The value increased significantly from 2020 to 2024. Is this trend reliable?
While the data shows strong appreciation, this period included a unique market surge. The increase highlights the property's desirability, but future growth will depend on broader market conditions and the upkeep of the home and neighbourhood.