Property Overview
This two-storey home in Bridgwater Centre presents a modern, low-maintenance living option. Built in 2016, it offers a renovated basement and a detached garage on a standard-sized lot. The home’s appeal lies in its balance of being relatively new—sparing buyers from immediate major repairs—while having an established presence in a popular, master-planned community. Its recent sale history shows steady value appreciation, and its size and features position it as a practical, move-in-ready home.
It would suit first-time buyers looking for a modern property without the premium of a brand-new build, or downsizers seeking a manageable layout with the finished space of a basement for guests or hobbies. The data suggests it’s a solid, middle-of-the-road property in its immediate area, not the largest or newest, but one that offers stability and modern comforts without standing out at the extremes of price or size.
Key Details & FAQs
Key Characteristics & Appeal
- Modern Foundation: Built just 10 years ago, the home benefits from contemporary building standards and efficiencies, likely requiring only cosmetic updates rather than foundational repairs.
- Enhanced Space: The 1,537 sq ft living area is supplemented by a renovated basement, effectively increasing usable space for recreation, work, or storage.
- Neighbourhood Context: Located in the sought-after Bridgwater Centre, the property holds a stable position. It ranks in the top half of the neighbourhood for lot size and the top quarter for its newer build year, indicating it’s a competitive offering within this community.
- Value Trajectory: The assessed value and recent 2022 sale price show consistent growth from its 2016 purchase, reflecting a stable investment in a desirable area.
Who It Suits
This home is ideal for pragmatic buyers. It fits first-time buyers or young families who want a modern home in a family-oriented community without the uncertainties of a brand-new construction phase. It also appeals to professionals or downsizers who value the low-maintenance exterior and the flexible, finished basement space for a home office, gym, or family room.
Frequently Asked Questions
1. How does this home compare to others on the street?
The data indicates it is a well-positioned, average-to-above-average home on Park West Drive. It has a larger-than-average lot size (top 41%) and is newer than most on the street (top 72%), but its living area is close to the median (top 51%). This suggests you’re getting a good balance of land and modern build without the home itself being the largest.
2. What does the sale history tell us?
The home sold for $320,800 in 2016 and then for $506,000 in 2022. This shows strong appreciation over six years. The 2022 price is also notably higher than the current assessed value, which is common, but it provides a recent benchmark for the home’s market value.
3. Is the basement renovation permitted?
The listing notes the basement is renovated. It is always recommended to verify that any renovations were completed with the proper permits and inspections to ensure the work meets current building codes.
4. What are the annual property taxes?
With an assessed value of $463,000, you can estimate property taxes by applying Winnipeg’s current mill rate. Your real estate agent or the City of Winnipeg can provide a precise calculation.
5. What is the community of Bridgwater Centre like?
Bridgwater Centre is a master-planned community in southwest Winnipeg known for its parks, pathways, and newer amenities. It typically attracts families and those seeking a suburban lifestyle with modern infrastructure, including nearby schools and shopping plazas.